<SEC-DOCUMENT>0001554855-20-000035.txt : 20200813
<SEC-HEADER>0001554855-20-000035.hdr.sgml : 20200813
<ACCEPTANCE-DATETIME>20200812210437
ACCESSION NUMBER:		0001554855-20-000035
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		29
CONFORMED PERIOD OF REPORT:	20200812
FILED AS OF DATE:		20200813
DATE AS OF CHANGE:		20200812

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:		201096844

	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>MainDocument.htm
<DESCRIPTION>6-K
<TEXT>
<html><body><div><div style="font-family: 'times new roman', times; font-size: 10pt;">
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<p style="margin: 0pt; text-align: center;"><font style="font-family: 26nbvtokfgfhjcu,Bold; font-size: 12.5pt; font-weight: bold;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 26nbvtokfgfhjcu,Bold; font-size: 12.5pt; font-weight: bold;">UNITED STATES</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 26nbvtokfgfhjcu,Bold; font-size: 12.5pt; font-weight: bold;">SECURITIES AND EXCHANGE COMMISSION</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 26nbvtokfgfhjcu,Bold; font-size: 12.5pt; font-weight: bold;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 26nbvtokfgfhjcu,Bold; font-size: 12.5pt; font-weight: bold;">Washington, D.C. 20549</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 26nbvtokfgfhjcu,Bold; font-size: 12.5pt; font-weight: bold;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 26nbvtokfgfhjcu,Bold; font-size: 12.5pt; font-weight: bold;">&nbsp;</font></p>
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<p style="margin: 0pt; text-align: center;"><font style="font-family: 26nbvtokfgfhjcu,Bold; font-size: 15pt; font-weight: bold;">Form 6-K</font></p>
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<p style="margin: 0pt; text-align: center;"><font style="font-family: 26nbvtokfgfhjcu,Bold; font-size: 12.5pt; font-weight: bold;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 26nbvtokfgfhjcu,Bold; font-size: 12.5pt; font-weight: bold;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 26nbvtokfgfhjcu,Bold; font-size: 12.5pt; font-weight: bold;">Report Of Foreign Private Issuer</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 26nbvtokfgfhjcu,Bold; font-size: 12.5pt; font-weight: bold;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 26nbvtokfgfhjcu,Bold; font-size: 12.5pt; font-weight: bold;">Pursuant To Rule 13a-16 Or 15d-16 Of</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 26nbvtokfgfhjcu,Bold; font-size: 12.5pt; font-weight: bold;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 26nbvtokfgfhjcu,Bold; font-size: 12.5pt; font-weight: bold;">The Securities Exchange Act Of 1934</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 02lfl; font-size: 9pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 02lfl; font-size: 9pt;">For the month of </font><font style="font-family: 02lfl; font-size: 9pt;">August</font><font style="font-family: 02lfl; font-size: 9pt;">, 20</font><font style="font-family: 02lfl; font-size: 9pt;">20</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 02lfl; font-size: 9pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 02lfl; font-size: 9pt;">Commission File Number: </font><font style="font-family: 02lfl; font-size: 9pt;">001-14950</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 26nbvtokfgfhjcu,Bold; font-size: 14.5pt; font-weight: bold;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 26nbvtokfgfhjcu,Bold; font-size: 14.5pt; font-weight: bold;">ULTRAPAR HOLDINGS INC.</font></p>
<p style="border-bottom-color: #000000; border-bottom-style: solid; border-bottom-width: 0.5pt; margin: 0pt; padding-bottom: 1pt; text-align: center;"><font style="font-family: 02lfl; font-size: 8pt;">(Translation of Registrant&#8217;s Name into English)</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 33dgm,Bold; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 33dgm,Bold; font-size: 9pt; font-weight: bold;">Brigadeiro Luis </font><font style="font-family: 33dgm,Bold; font-size: 9pt; font-weight: bold;">Antonio</font><font style="font-family: 33dgm,Bold; font-size: 9pt; font-weight: bold;"> </font><font style="font-family: 33dgm,Bold; font-size: 9pt; font-weight: bold;">Avenue</font><font style="font-family: 33dgm,Bold; font-size: 9pt; font-weight: bold;">, 1343, 9</font><font style="font-family: 33dgm,Bold; font-size: 6pt; font-weight: bold; vertical-align: super;">th</font><font style="font-family: 33dgm,Bold; font-size: 9pt; font-weight: bold;"> </font><font style="font-family: 33dgm,Bold; font-size: 9pt; font-weight: bold;">Floor</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 33dgm,Bold; font-size: 9pt; font-weight: bold;">S&#227;o Paulo, SP, Brazil 01317-910</font></p>
<p style="border-bottom-color: #000000; border-bottom-style: solid; border-bottom-width: 0.5pt; margin: 0pt; padding-bottom: 1pt; text-align: center;"><font style="font-family: 02lfl; font-size: 8pt;">(Address of Principal Executive Offices)</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 02lfl; font-size: 8pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 02lfl; font-size: 8pt;">Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 02lfl; font-size: 8pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 02lfl; font-size: 9pt;">Form 20-F </font><font style="font-family: 02lfl; font-size: 9pt;">____</font><font style="font-family: 02lfl; font-size: 9pt; text-decoration: underline;">X</font><font style="font-family: 02lfl; font-size: 9pt;">____</font><font style="font-family: 02lfl; font-size: 9pt;"> </font><font style="font-family: 02lfl; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 02lfl; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 02lfl; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 02lfl; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 02lfl; font-size: 9pt;">Form 40-F</font><font style="font-family: 02lfl; font-size: 9pt;"> ________</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 02lfl; font-size: 9pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 02lfl; font-size: 8pt;">Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 02lfl; font-size: 9pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 02lfl; font-size: 9pt;">Yes </font><font style="font-family: 02lfl; font-size: 9pt;">________ </font><font style="font-family: 02lfl; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 02lfl; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 02lfl; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 02lfl; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 02lfl; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 02lfl; font-size: 9pt;">No </font><font style="font-family: 02lfl; font-size: 9pt;">____</font><font style="font-family: 02lfl; font-size: 9pt; text-decoration: underline;">X</font><font style="font-family: 02lfl; font-size: 9pt; text-decoration: underline;">____</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 02lfl; font-size: 9pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 02lfl; font-size: 8pt;">Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 02lfl; font-size: 8pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 02lfl; font-size: 9pt;">Yes </font><font style="font-family: 02lfl; font-size: 9pt;">________ </font><font style="font-family: 02lfl; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 02lfl; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 02lfl; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 02lfl; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 02lfl; font-size: 9pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 02lfl; font-size: 9pt;">No </font><font style="font-family: 02lfl; font-size: 9pt;">____</font><font style="font-family: 02lfl; font-size: 9pt; text-decoration: underline;">X</font><font style="font-family: 02lfl; font-size: 9pt; text-decoration: underline;">____</font></p>
<p style="font-size: 9pt; line-height: 115%; margin: 0pt 0pt 10pt; text-align: center;"><font style="font-family: 02lfl; font-size: 9pt;">&nbsp;</font><font style="font-family: Calibri; font-size: 11pt;">&nbsp;</font></p>
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<p style="font-size: 11pt; line-height: 115%; margin: 0pt 0pt 10pt; text-align: center;"><br></p>
<p style="font-size: 14.5pt; line-height: 115%; margin: 0pt 0pt 10pt; text-align: center;"><font style="font-family: 26nbvtokfgfhjcu,Bold; font-size: 14.5pt; font-weight: bold;">ULTRAPAR HOLDINGS INC.</font></p>
<p style="font-size: 14.5pt; line-height: 115%; margin: 0pt 0pt 10pt; text-align: center;"><font style="font-family: 26nbvtokfgfhjcu,Bold; font-size: 14.5pt; font-weight: bold;">TABLE OF CONTENTS</font></p>
<p style="font-size: 12.5pt; line-height: 115%; margin: 0pt 0pt 10pt;"><font style="font-family: 26nbvtokfgfhjcu,Bold; font-size: 12.5pt; font-weight: bold;">&nbsp;</font></p>
<p style="font-size: 12.5pt; line-height: 115%; margin: 0pt 0pt 10pt;"><font style="font-family: 26nbvtokfgfhjcu,Bold; font-size: 12.5pt; font-weight: bold; text-decoration: underline;">ITEM</font></p>
<ol type="1" style="margin: 0pt; padding-left: 0pt;">
<li style="font-family: Calibri; font-size: 11pt; line-height: 115%; margin: 0pt 0pt 0pt 31.35pt; padding-left: 4.65pt; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Parent and Consolidated Interim Financial Information as of and the Three-month period Ended June 30, 2020 and Report on Review of Interim Financial Information</font></li>
<li style="font-family: Calibri; font-size: 11pt; line-height: 115%; margin: 0pt 0pt 0pt 31.35pt; padding-left: 4.65pt; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2Q20 Earnings Release</font></li>
<li style="font-family: Calibri; font-size: 11pt; line-height: 115%; margin: 0pt 0pt 0pt 31.35pt; padding-left: 4.65pt; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Board of Directors minutes&nbsp;</font></li>
<li style="font-family: Calibri; font-size: 11pt; line-height: 115%; margin: 0pt 0pt 10pt 31.35pt; padding-left: 4.65pt; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Notice to shareholders</font></li>
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<p style="font-size: 11pt; line-height: 115%; margin: 0pt 0pt 10pt;"><font style="font-family: Calibri; font-size: 11pt;">&nbsp;</font></p>
<p style="font-size: 11pt; line-height: 115%; margin: 0pt 0pt 10pt;"><font style="font-family: Calibri; font-size: 11pt;">&nbsp;</font></p>
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<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 11pt; font-style: italic;">(Convenience Translation into English from</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 11pt; font-style: italic;">the Original Previously Issued in Portuguese)</font></p>
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<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
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<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 11pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 22pt; font-weight: bold;">Ultrapar Participa&#231;&#245;es S.A.</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 18pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 18pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 18pt; font-style: italic;">Parent&#8217;s Separate</font><font style="font-family: 'Times New Roman'; font-size: 18pt; font-style: italic;"> </font><font style="font-family: 'Times New Roman'; font-size: 18pt; font-style: italic;">and</font><font style="font-family: 'Times New Roman'; font-size: 18pt; font-style: italic;"> </font><font style="font-family: 'Times New Roman'; font-size: 18pt; font-style: italic;">Consolidated</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 18pt; font-style: italic;">Interim Financial Information</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 18pt; font-style: italic;">as of and </font><font style="font-family: 'Times New Roman'; font-size: 18pt; font-style: italic;">the </font><font style="font-family: 'Times New Roman'; font-size: 18pt; font-style: italic;">Three</font><font style="font-family: 'Times New Roman'; font-size: 18pt; font-style: italic;">-month period</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 18pt; font-style: italic;">Ended</font><font style="font-family: 'Times New Roman'; font-size: 18pt; font-style: italic;"> </font><font style="font-family: 'Times New Roman'; font-size: 18pt; font-style: italic;">June</font><font style="font-family: 'Times New Roman'; font-size: 18pt; font-style: italic;"> </font><font style="font-family: 'Times New Roman'; font-size: 18pt; font-style: italic;">3</font><font style="font-family: 'Times New Roman'; font-size: 18pt; font-style: italic;">0</font><font style="font-family: 'Times New Roman'; font-size: 18pt; font-style: italic;">, 2020</font><font style="font-family: 'Times New Roman'; font-size: 18pt; font-style: italic;"> and</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 18pt; font-style: italic;">Report</font><font style="font-family: 'Times New Roman'; font-size: 18pt; font-style: italic;"> on Review of Interim</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 18pt; font-style: italic;">Financial Information</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 18pt; font-style: italic;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 18pt; font-style: italic;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 18pt; font-style: italic;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 11pt;">KPMG</font><font style="font-family: 'Times New Roman'; font-size: 11pt;"> </font><font style="font-family: 'Times New Roman'; font-size: 11pt;">Auditores</font><font style="font-family: 'Times New Roman'; font-size: 11pt;"> </font><font style="font-family: 'Times New Roman'; font-size: 11pt;">Independentes</font></p>
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<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
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<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt; color: #ffffff;" class="pageno"><font class='pageno'>1</font></font></td>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
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<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 11pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Ultrapar Participa&#231;&#245;es S.A. and Subsidiaries</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Parent&#8217;s Separate and Consolidated </font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Interim Financial Information </font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">As of and the Three-month period Ended June 30, 2020</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
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<td style="height: 10px; width: 84.2752%;"><font style="font-size: 10pt;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;" href="#" name="TOC"></a></font>
<h4 style="vertical-align: middle; text-align: left;"><font style="font-size: 10pt;">Table of Content</font></h4>
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<tr style="height: 17px;">
<td style="height: 17px; width: 84.2752%;"><font style="font-size: 10pt;"><a href="#B1_J9UWNYMUQO00000000000000000000">Report on the Review of Quarterly Information</a></font></td>
<td style="text-align: right; width: 15.602%;"><font style="color: #000000; font-family: 'times new roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">3-4</font></td>
</tr>
<tr style="height: 17px;">
<td style="height: 17px; width: 84.2752%;"><font style="font-size: 10pt;"><a href="#B11_8PNFEME6Q800000000000000000000">Statements of Financial Position</a></font></td>
<td style="text-align: right; width: 15.602%;"><font style="color: #000000; font-family: 'times new roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">5-6</font></td>
</tr>
<tr style="height: 17px;">
<td style="height: 17px; width: 84.2752%;"><font style="font-size: 10pt;"><a href="#B111_PPFEPZE8SG00000000000000000000">Statements of Profit or Loss</a></font></td>
<td style="text-align: right; width: 15.602%;"><font style="color: #000000; font-family: 'times new roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">7-8</font></td>
</tr>
<tr style="height: 17px;">
<td style="height: 17px; width: 84.2752%;"><font style="font-size: 10pt;"><a href="#B4_WONLXY1R5S00000000000000000000">Statements of Comprehensive Income</a></font></td>
<td style="text-align: right; width: 15.602%;"><font style="color: #000000; font-family: 'times new roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">9-10</font></td>
</tr>
<tr style="height: 17px;">
<td style="height: 17px; width: 84.2752%;"><font style="font-size: 10pt;"><a href="#B5_66ODIDV9TC00000000000000000000">Statements of Changes in Equity</a></font></td>
<td style="text-align: right; width: 15.602%;"><font style="color: #000000; font-family: 'times new roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">11-12</font></td>
</tr>
<tr style="height: 17px;">
<td style="height: 17px; width: 84.2752%;"><font style="font-size: 10pt;"><a href="#B8_W6ZXGMW7NK00000000000000000000">Statements of Cash Flows - Indirect Method</a></font></td>
<td style="text-align: right; width: 15.602%;"><font style="color: #000000; font-family: 'times new roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">13-14</font></td>
</tr>
<tr style="height: 17px;">
<td style="height: 17px; width: 84.2752%;"><font style="font-size: 10pt;"><a href="#B3333_A8K26EJTSG00000000000000000000">Statements of Value Added</a></font></td>
<td style="text-align: right; width: 15.602%;"><font style="color: #000000; font-family: 'times new roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">15</font></td>
</tr>
<tr style="height: 17px;">
<td style="height: 17px; width: 84.2752%;"><font style="font-size: 10pt;"><a href="#B8888_J3NTFGGBQO00000000000000000000">Notes to the Interim Financial Information</a></font></td>
<td style="text-align: right; width: 15.602%;"><font style="color: #000000; font-family: 'times new roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">16-129</font><br></td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><br></p>
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<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
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<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>2</font></font></td>
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</table>
<hr style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<div style="width: 8.5in; margin: 0 auto;">
<p><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<p><font style="font-family: 'times new roman', times; font-size: 10pt;">(Convenience Translation into English from the Original Previously Issued in Portuguese)</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none;" href="#" name="B1_ANRAP4LNUO00000000000000000000" class="customBookmark"><b style="color: #000000; font-family: 'Times New Roman'; font-size: 21.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff;"></b></a><b style="color: #000000; font-family: 'Times New Roman'; font-size: 21.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none;" href="#" name="B1_J9UWNYMUQO00000000000000000000" class="customBookmark"><font style="font-size: 10pt;">Report on the Review of quarterly Information&#8212;ITR</font></a></b><br></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="color: #000000; font-family: 'Times New Roman'; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-style: initial; text-decoration-color: initial; /* margin-top: 18pt; */margin-bottom: 0pt; font-size: 10pt;">To the Shareholders, Directors and Management of</p>
<p style="color: #000000; font-family: 'Times New Roman'; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-style: initial; text-decoration-color: initial; margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;">Ultrapar Participa&#231;&#245;es S.A.</p>
<p style="color: #000000; font-family: 'Times New Roman'; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-style: initial; text-decoration-color: initial; margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;">S&#227;o Paulo, SP</p>
<p style="color: #000000; font-family: 'Times New Roman'; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-style: initial; text-decoration-color: initial; margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><br></p>
<p style="/* margin: 6.5pt 0cm; */text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b><font lang="DE">Introduction</font></b></font></p>
<p style="margin: 6.5pt 0cm; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font lang="DE" style="font-family: 'times new roman', times; font-size: 10pt;">We have reviewed the accompanying individual and consolidated interim financial information of Ultrapar Participa&#231;&#245;es S.A. (&#8220;Company&#8221;), comprised in the Quarterly Financial Information - ITR Form for the quarter ended June 30, 2020, which comprise the statements of financial position as of June 30, 2020 and related statements of income, comprehensive income for the three and six-month period then ended and changes in shareholder&#180;s equity and cash flows for the six-month<font style="mso-spacerun: yes;">&nbsp; </font>period then ended, including explanatory notes.</font></p>
<p style="margin: 6.5pt 0cm; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font lang="DE" style="font-family: 'times new roman', times; font-size: 10pt;">The Company&#180;s Management is responsible for the preparation of the interim financial information in accordance with Technical Pronouncement CPC 21 (R1)<font style="mso-spacerun: yes;">&nbsp; </font>Interim Financial Information and with International Standard IAS 34 &#8211; Interim Financial Reporting, issued by the International Accounting Standards Board - IASB, such as for the presentation of these information in a manner consistent with the standards issued by the Brazilian Securities and Exchange Commission, applicable to the preparation of the Quarterly Financial Information - ITR.<font style="mso-spacerun: yes;">&nbsp; </font>Our responsibility is to express a conclusion on these interim financial information based on our review.</font><font lang="DE" style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 6.5pt 0cm; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b><font lang="DE">Scope of Review </font></b></font></p>
<p style="margin: 6.5pt 0cm; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font lang="DE" style="font-family: 'times new roman', times; font-size: 10pt;">Our review was conducted in accordance with the Brazilian and International Review Standards of interim information (NBC TR 2410 - Review of Interim Financial Information Performed by the Independent Auditor of the Entity and ISRE 2410 - Review of Interim Financial Information Performed by the Independent Auditor of the Entity, respectively). A review of interim information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures.<font style="mso-spacerun: yes;">&nbsp; </font>A review is substantially less in scope than an audit conducted in accordance with the auditing standards and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.</font><font style="font-family: 'times new roman', times; font-size: 10pt;"><b><font lang="DE">&nbsp;</font></b></font></p>
<p style="margin: 6.5pt 0cm; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b><font lang="DE">Conclusion on the individual and consolidated interim financial information</font></b></font></p>
<p style="margin: 6.5pt 0cm; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font lang="DE" style="font-family: 'Arial','sans-serif';"><font style="font-family: 'times new roman', times; font-size: 10pt;">Based on our review, nothing has come to our attention that causes us to believe that the individual and consolidated interim financial information included in the quarterly information referred to above was not prepared, in all material respects, in accordance with CPC 21 (R1) and IAS 34, issued by the Accounting Committee and by IASB applicable to the preparation of Quarterly Financial Information &#8211; ITR and presented in accordance with the standards issued by the Brazilian Securities Exchange Commission - CVM.</font></font></p>
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<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

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<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>3</font></font></td>
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</table>
<hr style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<p style="color: #000000; font-family: 'Times New Roman'; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-style: initial; text-decoration-color: initial; margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><br></p>
<div style="width: 8.5in; margin: 0 auto;">
<p style="/* margin: 6.5pt 0cm; */text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b><font lang="DE">Other matters </font></b></font></p>
<p style="margin: 6.5pt 0cm; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b><font lang="DE">Interim statements of value added</font></b></font></p>
<p style="margin: 6.5pt 0cm; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font lang="DE" style="font-family: 'times new roman', times; font-size: 10pt;">The individual and consolidated interim statements of value added (DVA) for the six-month period ended June 30, 2020, prepared under the responsibility of the Company's management, and presented as supplementary information for the purposes of IAS 34, were submitted to the same review procedures followed together with the review of the Company's interim financial information. In order to form our conclusion, we evaluated whether these statements are reconciled to the interim financial information and to the accounting records, as applicable, and whether their form and content are in accordance with the criteria set on Technical Pronouncement CPC 09 - Statement of Value Added. Based on our review, nothing has come to our attention that causes us to believe that the accompanying statements of value added are not prepared, in all material respects, according to the criteria defined in this Standard and consistently in accordance with the individual and consolidated interim financial information taken as a whole.</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<p style="/* margin: 0cm 0cm 6pt; */text-align: justify; line-height: 12pt; font-size: 9.5pt; font-family: 'Univers LT Std 45 Light', sans-serif; color: #000000;"><font lang="PT-BR" style="font-size: 10pt; font-family: 'times new roman', times; color: windowtext;">S&#227;o Paulo, August 12, 2020</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<p style="margin: 0cm 0cm 0.0001pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font lang="PT-BR" style="font-family: 'times new roman', times; font-size: 10pt;">KPMG Auditores Independentes<br>CRC 2SP014428/O-6</font></p>
<p style="color: #000000; font-family: 'Times New Roman'; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-style: initial; text-decoration-color: initial; margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><i><font lang="DE">Original report in Portuguese signed by</font></i><font lang="DE"><br>Marcio Serpejante Peppe<br>Accountant CRC 1SP233011/O-8</font> </font><br></p>
<p style="color: #000000; font-family: 'Times New Roman'; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-style: initial; text-decoration-color: initial; margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><br></p>
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<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>4</font></font></td>
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<hr style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
</div><div style="font-family: 'times new roman', times; font-size: 10pt;">
<div style="width: 8.5in; margin: 0 auto;">
<p style="color: #000000; font-family: 'Times New Roman'; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: -webkit-left; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-style: initial; text-decoration-color: initial; margin: 0px; font-size: 10pt;"><br></p>
<p style="color: #000000; font-family: 'Times New Roman'; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: -webkit-left; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-style: initial; text-decoration-color: initial; margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;">Ultrapar Participa&#231;&#245;es S.A. and Subsidiaries</p>
<div style="color: #000000; font-family: 'Times New Roman'; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: -webkit-left; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none;" href="#" name="B11_8PNFEME6Q800000000000000000000" class="customBookmark">Statements of Financial Position</a></div>
<p style="color: #000000; font-family: 'Times New Roman'; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: -webkit-left; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-style: initial; text-decoration-color: initial; margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><b>As of June 30, 2020 and December&nbsp;31, 2019</b></p>
<p style="color: #000000; font-family: 'Times New Roman'; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: -webkit-left; text-indent: 0pt; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-style: initial; text-decoration-color: initial; margin: 0pt 0pt 5pt; font-size: 10pt;"><i>(In thousands of Brazilian Reais)</i><font style="font-family: 'Times New Roman'; font-size: 11pt; font-style: italic;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 674px; width: 100%;" width="100%">

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<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
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<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td colspan="3" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1pt solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Parent</font></p>
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<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td colspan="3" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1pt solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Consolidated</font></p>
</td>
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<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;"> <font style="color: #000000; font-family: 'Times New Roman'; font-size: 10.6667px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Assets</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Note</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; text-align: right; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">06/30/2020</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; text-align: right; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; text-align: right; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">12/31/2019</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; text-align: right; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; text-align: right; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">06/30/2020</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; text-align: right; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; text-align: right; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">12/31/2019</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Current assets</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Cash and cash equivalents</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4.a</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,015,432</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">42,580</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,805,191</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,115,379</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Financial investments and hedging instruments</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4.b</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">53,101</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">95,829</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,174,857</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,090,212</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Trade receivables</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">5.a</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">200</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,008,662</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,635,834</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Reseller financing</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">5.b</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">496,946</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">436,188</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Inventories</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">6</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,970,181</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,715,560</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Recoverable taxes</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">7.a</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,039,200</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,122,335</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Recoverable income and social contribution taxes</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">7.b</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">53,280</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">49,750</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">436,907</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">325,343</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Dividends receivable</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">213</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,074</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">721</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,630</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Other receivables</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">27,864</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">6,321</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">86,580</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">36,765</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Prepaid expenses</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">10</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,855</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">72</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">158,162</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">111,355</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Contractual assets with customers &#8211; exclusive rights</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">11</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1pt solid #000000; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1pt solid #000000; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1pt solid #000000; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">472,985</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1pt solid #000000; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">465,454</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total current assets</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom: 1pt solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,152,945</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom: 1pt solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">197,626</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom: 1pt solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">15,650,392</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom: 1pt solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">15,058,055</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Non-current assets</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Financial investments and hedging instruments</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4.b</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,467,475</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">506,506</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Trade receivables</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">5.a</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">86,590</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">53,666</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Reseller financing</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">5.b</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">384,095</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">364,748</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Related parties</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">8.a</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">755,433</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">759,123</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">490</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">490</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Deferred income and social contribution taxes</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">9.a</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">44,875</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">41,613</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,016,599</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">653,694</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Recoverable taxes</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">7.a</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,045,787</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">767,360</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Recoverable income and social contribution taxes</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">7.b</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">39,447</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">39,447</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">103,346</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">104,947</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Escrow deposits</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">22.a</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">17</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">949,745</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">921,443</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Indemnification asset &#8211; business combination</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">22.c</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">193,444</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">193,496</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Other receivables</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,298</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,430</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Prepaid expenses</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">10</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,987</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">255</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">87,761</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">69,216</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Contractual assets with customers &#8211; exclusive rights</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">11</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1pt solid #000000; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1pt solid #000000; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1pt solid #000000; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,127,439</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1pt solid #000000; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,000,535</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total long term assets</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1pt solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">841,744</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1pt solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">840,455</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1pt solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">6,466,069</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1pt solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4,639,531</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp; Investments</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp; In subsidiaries</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">12.a</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">9,745,342</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">10,058,456</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp; In joint-ventures</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">12.a; 12.b</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">18,792</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">138,356</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">153,076</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp; In associates</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">12.c</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">25,451</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">25,750</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp; Other</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1pt solid #000000; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1pt solid #000000; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1pt solid #000000; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,793</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1pt solid #000000; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,793</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1pt solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">9,745,342</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1pt solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">10,077,248</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1pt solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">166,600</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1pt solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">181,619</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Right to use assets</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">13</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">36,664</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">5,799</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,135,455</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,980,912</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Property, plant, and equipment</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">14</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">11,566</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,532</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">7,899,251</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">7,572,762</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Intangible assets</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">15</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1pt solid #000000; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">251,776</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1pt solid #000000; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">246,163</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1pt solid #000000; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,770,450</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1pt solid #000000; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,762,593</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Total non-current assets</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">10,887,092</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">11,172,197</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">18,437,825</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">16,137,417</font></p>
</td>
</tr>
<tr style="height: 18px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Total assets</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">12,040,037</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">11,369,823</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">34,088,217</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">31,195,472</font></p>
</td>
</tr>

</table>
<p style="margin: 5pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The accompanying notes are an integral part of the </font><font style="font-family: 'Times New Roman';">interim financial i</font><font style="font-family: 'Times New Roman';">nformation</font><font style="font-family: 'Times New Roman';">.</font></font></p>
</div>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>5</font></font></td>
</tr>

</table>
<hr style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<div style="width: 8.5in; margin: 0 auto;">
<p style="color: #000000; font-family: 'Times New Roman'; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: -webkit-left; text-indent: 0pt; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-style: initial; text-decoration-color: initial; margin: 5pt 0pt 0pt; font-size: 10pt;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</p>
<p style="color: #000000; font-family: 'Times New Roman'; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: -webkit-left; text-indent: 0pt; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-style: initial; text-decoration-color: initial; margin: 5pt 0pt 0pt; font-size: 10pt;">Statements of Financial Position</p>
<p style="color: #000000; font-family: 'Times New Roman'; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: -webkit-left; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-style: initial; text-decoration-color: initial; margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><b>As of June 30, 2020 and December&nbsp;31, 2019</b></p>
<p style="color: #000000; font-family: 'Times New Roman'; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: -webkit-left; text-indent: 0pt; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-style: initial; text-decoration-color: initial; margin: 0pt 0pt 5pt; font-size: 10pt;"><i>(In thousands of Brazilian<font>&nbsp;</font>Reais)</i></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 902px; width: 100%;" width="100%">

<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td colspan="3" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1pt solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Parent</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td colspan="3" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1pt solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Consolidated</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 54%; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Liabilities</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 8%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Note</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 8%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">06/30/2020</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 2%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 8%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">12/31/2019</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 2%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 8%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">06/30/2020</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 2%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 8%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">12/31/2019</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Current liabilities</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp; Loans, financing and hedge derivative financial instruments</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">16</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,009,997</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,335,101</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">867,871</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp; Debentures</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">16.g</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">17,743</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">28,713</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">262,115</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">249,570</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp; Trade payables</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">17</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">5,928</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,173</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,758,616</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,158,478</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp; Trade payables &#8211; reverse factoring</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">17</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">779,678</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">541,593</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp; Salaries and related charges</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">18</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">29,154</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">958</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">439,069</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">405,636</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp; Taxes payable</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">19</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">946</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">389</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">230,881</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">269,922</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp; Dividends payable</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">25.h</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">16,155</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">14,689</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">17,895</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">16,694</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp; Income and social contribution taxes payable</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">85,701</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">164,757</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp; Post-employment benefits </font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">20.b</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">29,728</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">28,951</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp; Provision for asset retirement obligation</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">21</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4,283</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,847</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp; Provision for tax, civil, and labor risks</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">22.a</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">42,096</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">40,455</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp; Leases payable</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">13</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4,271</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">144</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">238,543</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">206,396</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp; Other payables</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,689</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">234,872</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">213,273</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp; Deferred revenue</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">23</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">26,383</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">27,626</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total current liabilities</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1pt solid #000000; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,085,883</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1pt solid #000000; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">47,069</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1pt solid #000000; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">6,484,961</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1pt solid #000000; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">5,195,069</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Non-current liabilities</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">&nbsp;&nbsp;</font><font style="font-family: 'Times New Roman';">Loans, financing and hedge derivative financial instruments</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">16</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">8,951,792</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">6,907,113</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp; Debentures</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">16.g</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,723,739</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,723,368</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">6,215,164</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">6,368,168</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp; Related parties</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">8.a</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">5,001</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4,220</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,877</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,925</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp; Deferred income and social contribution taxes</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">9.a</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">33,696</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">7,531</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp; Post-employment benefits</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">20.b</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">6,515</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">247,064</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">243,916</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp; Provision for asset retirement obligation</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">21</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">46,008</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">47,395</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp; Provision for tax, civil, and labor risks</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">22.a; 22.c</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">280</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">399</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">846,728</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">884,140</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp; Leases payable</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">13</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">34,711</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">5,855</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,536,733</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,382,277</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp; Subscription warrants &#8211; indemnification</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">24</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">63,063</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">130,657</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">63,063</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">130,657</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp; Provision for short-term liabilities of joint venture</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">12.a; 12.b</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">792</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">792</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp; Other payables</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1pt solid #000000; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,634</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1pt solid #000000; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1pt solid #000000; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">150,346</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1pt solid #000000; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">190,106</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total non-current liabilities</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1pt solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,837,735</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1pt solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,864,499</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1pt solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">18,095,263</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1pt solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">16,165,228</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Equity</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp; Share capital</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">25.a; 25.f</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">5,171,752</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">5,171,752</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">5,171,752</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">5,171,752</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp; Equity instrument granted</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">25.b</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">15,440</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">11,970</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">15,440</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">11,970</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp; Capital reserve</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">25.d</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">595,472</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">542,400</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">595,472</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">542,400</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp; Treasury shares</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">25.c</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(485,383)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(485,383)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(485,383)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(485,383)</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp; Revaluation reserve on subsidiaries</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">25.e</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4,429</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4,522</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4,429</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4,522</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp; Profit reserves</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">25.f</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,995,414</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,995,414</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,995,414</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,995,414</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp; Retained earnings</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">201,543</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">201,543</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp; Valuation adjustments</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">25.g.1</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(620,797)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(146,317)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(620,797)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(146,317)</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp; Cumulative translation adjustments</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">25.g.2</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">238,549</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">102,427</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">238,549</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">102,427</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp; Additional dividends to the minimum mandatory dividends</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">25.h</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1pt solid #000000; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1pt solid #000000; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">261,470</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1pt solid #000000; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1pt solid #000000; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">261,470</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Equity attributable to:</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Shareholders of the Company</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">9,116,419</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">9,458,255</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">9,116,419</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">9,458,255</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Non-controlling interests in subsidiaries</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">391,574</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">376,920</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total equity</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1pt solid #000000; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">9,116,419</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1pt solid #000000; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">9,458,255</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1pt solid #000000; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">9,507,993</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1pt solid #000000; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">9,835,175</font></p>
</td>
</tr>
<tr style="height: 18px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total liabilities and equity</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">12,040,037</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">11,369,823</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">34,088,217</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">31,195,472</font></p>
</td>
</tr>

</table>
<p style="margin: 5pt 0pt 2pt; text-indent: 0pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The accompanying notes are an integral part of the&nbsp;</font><font style="font-family: 'Times New Roman';">interim financial i</font><font style="font-family: 'Times New Roman';">nformation.</font></font></p>
</div>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>6</font></font></td>
</tr>

</table>
<hr style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
</div><div style="font-family: 'times new roman', times; font-size: 10pt;">
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 0pt; text-align: justify;"><font style="color: #000000; font-family: 'Times New Roman'; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: -webkit-left; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Ultrapar Participa&#231;&#245;es S.A. and Subsidiaries</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<div style="margin: 0pt; text-align: justify;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none;" href="#" name="B111_PPFEPZE8SG00000000000000000000" class="customBookmark"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Statements of Profit or Loss</font></a></div>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">For </font><font style="font-family: 'Times New Roman'; font-weight: bold;">the </font><font style="font-family: 'Times New Roman'; font-weight: bold;">six</font><font style="font-family: 'Times New Roman'; font-weight: bold;">-month period</font><font style="font-family: 'Times New Roman'; font-weight: bold;"> ended</font><font style="font-family: 'Times New Roman'; font-weight: bold;"> </font><font style="font-family: 'Times New Roman'; font-weight: bold;">June</font><font style="font-family: 'Times New Roman'; font-weight: bold;"> 3</font><font style="font-family: 'Times New Roman'; font-weight: bold;">0</font><font style="font-family: 'Times New Roman'; font-weight: bold;">, 2020</font><font style="font-family: 'Times New Roman'; font-weight: bold;"> and 2019</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic;">(In thousands of Brazilian Reais, except earnings per share)</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 655px; width: 100%;" width="100%">

<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td colspan="3" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1pt solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Parent</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td colspan="3" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1pt solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Consolidated</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Note</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">06/30/2020</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">06/30/2019</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">06/30/2020</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">06/30/2019</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 54%; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Net revenue from sales and services</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 8%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">26</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 8%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 2%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 8%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 2%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 8%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">37,263,372</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 2%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 8%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">42,431,898</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;&nbsp;&nbsp; Cost of products and services sold</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">27</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(34,802,194)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(39,581,566)</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Gross profit</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,461,178</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,850,332</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Operating income (expenses)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;&nbsp;&nbsp; Selling and marketing</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">27</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,196,737)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,309,419)</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;&nbsp;&nbsp; Expected losses on doubtful accounts</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(56,516)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(65,640)</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;&nbsp;&nbsp; General and administrative</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">27</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(703,121)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(799,474)</font></p>
</td>
</tr>
<tr style="height: 19px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;&nbsp;&nbsp; Gain (loss) on disposal of property, plant and equipment and intangibles</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 19px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">28</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">20,910</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,055)</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;&nbsp;&nbsp; Other operating income, net</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">29</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">556</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">420</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">160,154</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">46,820</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-top: 1pt solid #000000; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-top: 1pt solid #000000; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-top: 1pt solid #000000; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-top: 1pt solid #000000; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 34px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Operating income before financial income (expenses) and share of profit (loss) of subsidiaries, joint ventures and associates</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 34px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">556</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">420</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">685,868</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">721,564</font></p>
</td>
</tr>
<tr style="height: 24px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 24px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;&nbsp;&nbsp; Share of profit (loss) of subsidiaries, joint ventures and associates</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 24px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">12</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 24px; border-top: 1pt solid #000000; border-bottom: 1pt solid #000000; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">218,142</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 24px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 24px; border-top: 1pt solid #000000; border-bottom: 1pt solid #000000; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">324,557</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 24px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 24px; border-top: 1pt solid #000000; border-bottom: 1pt solid #000000; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(25,698)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 24px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 24px; border-bottom: 1pt solid #000000; border-top: 1pt solid #000000; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(10,048)</font></p>
</td>
</tr>
<tr style="height: 24px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 24px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Operating income before financial income (expenses) and income and social contribution taxes</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 24px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 24px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">218,698</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 24px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 24px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">324,977</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 24px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 24px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">660,170</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 24px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 24px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">711,516</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;&nbsp;&nbsp; Financial income</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">30</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">31,769</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">76,339</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">235,164</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">276,288</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;&nbsp;&nbsp; Financial expenses</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">30</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(51,633)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(59,463)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(483,122)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(367,636)</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Financial result, net</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><br></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-top: 1pt solid #000000; border-bottom: 1pt solid #000000; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(19,864)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-top: 1pt solid #000000; border-bottom: 1pt solid #000000; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">16,876</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-top: 1pt solid #000000; border-bottom: 1pt solid #000000; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(247,958)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1pt solid #000000; border-top: 1pt solid #000000; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(91,348)</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Income before income and social contribution taxes</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">198,834</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">341,853</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">412,212</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">620,168</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Income and social contribution taxes</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;&nbsp;&nbsp; Current</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">9.b; 9.c</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(170)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(219,632)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(259,448)</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;&nbsp;&nbsp; Deferred</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">9.b</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,261</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">409</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">26,314</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,566</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-top: 1pt solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,091</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-top: 1pt solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">409</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-top: 1pt solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(193,318)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-top: 1pt solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(256,882)</font></p>
</td>
</tr>
<tr style="height: 18px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Net income for the period</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">201,925</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">342,262</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">218,894</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">363,286</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;&nbsp;&nbsp; Shareholders of the Company</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">201,925</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">342,262</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">201,925</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">342,262</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;&nbsp;&nbsp; Non-controlling interests in subsidiaries</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">16,969</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">21,024</font></p>
</td>
</tr>
<tr style="height: 25px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 25px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Earnings per share (based on weighted average number of shares outstanding) &#8211; R$</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 25px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 25px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 25px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 25px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 25px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 25px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 25px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 25px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;&nbsp;&nbsp; Basic</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">31</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">0.1856</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">0.3156</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">0.1856</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">0.3156</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;&nbsp;&nbsp; Diluted</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">31</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">0.1845</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">0.3138</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">0.1845</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">0.3138</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The accompanying notes are an integral part of the </font><font style="font-family: 'Times New Roman';">i</font><font style="font-family: 'Times New Roman';">nterim </font><font style="font-family: 'Times New Roman';">f</font><font style="font-family: 'Times New Roman';">inancial </font><font style="font-family: 'Times New Roman';">i</font><font style="font-family: 'Times New Roman';">nformation</font><font style="font-family: 'Times New Roman';">.</font></font></p>
</div>
<p style="font-size: 8pt; line-height: 115%; margin: 0pt 0pt 10pt; text-align: justify;"><br></p>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>7</font></font></td>
</tr>

</table>
<hr style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<p style="margin: 0pt; text-align: justify;"><br></p>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 0pt; text-align: justify;">Ultrapar<font style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: -webkit-left; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;"><font>&nbsp;</font></font>Participa&#231;&#245;es<font style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: -webkit-left; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;"><font>&nbsp;</font>S.A. and Subsidiaries</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Statements of Profit or Loss&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">For the </font><font style="font-family: 'Times New Roman'; font-weight: bold;">three-</font><font style="font-family: 'Times New Roman'; font-weight: bold;">month period ended June 30, 2020 and 2019</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic;">(In thousands of Brazilian Reais, except earnings per share)</font></p>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: justify; widows: 0;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 550px; width: 100%;" width="100%">

<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td colspan="3" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1pt solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Parent</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td colspan="3" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1pt solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Consolidated</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Note</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">06/30/2020</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">06/30/2019</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">06/30/2020</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">06/30/2019</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 54%; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Net revenue from sales and services</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 8%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">26</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 8%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 2%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 8%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 2%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 8%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">15,876,234</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 2%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 8%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">21,692,645</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;&nbsp;&nbsp; Cost of products and services sold</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">27</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1pt solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1pt solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1pt solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(14,825,003)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1pt solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(20,286,893)</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Gross profit</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,051,231</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,405,752</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Operating income (expenses)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;&nbsp;&nbsp; Selling and marketing</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">27</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(582,106)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(602,724)</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;&nbsp;&nbsp; Expected losses on doubtful accounts</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(26,241)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(93,833)</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;&nbsp;&nbsp; General and administrative</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">27</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(293,240)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(415,629)</font></p>
</td>
</tr>
<tr style="height: 21px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 21px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;&nbsp;&nbsp; Loss on disposal of property, plant and equipment and intangibles</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 21px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">28</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 21px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 21px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 21px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 21px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 21px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">13,972</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 21px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 21px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,027</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;&nbsp;&nbsp; Other operating income, net</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">29</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1pt solid #000000; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">801</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1pt solid #000000; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(11)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1pt solid #000000; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">36,215</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1pt solid #000000; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">10,107</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 34px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Operating income before financial income (expenses) and share of profit (loss) of subsidiaries, joint ventures and associates</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 34px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px; border-bottom: 1pt solid #000000; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">801</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px; border-bottom: 1pt solid #000000; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(11)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px; border-bottom: 1pt solid #000000; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">199,831</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px; border-bottom: 1pt solid #000000; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">304,700</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;&nbsp;&nbsp; Share of profit (loss) of subsidiaries, joint ventures and associates</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">12</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom: 1pt solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">63,293</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom: 1pt solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">98,860</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom: 1pt solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(13,270)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom: 1pt solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(3,078)</font></p>
</td>
</tr>
<tr style="height: 34px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 34px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Operating income before financial income (expenses) and income and social contribution taxes</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 34px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">64,094</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">98,849</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">186,561</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">301,622</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;&nbsp;&nbsp; Financial income</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">30</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(2,365)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">35,172</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">53,113</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">132,139</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;&nbsp;&nbsp; Financial expenses</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">30</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1pt solid #000000; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(30,580)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1pt solid #000000; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(30,318)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1pt solid #000000; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(133,441)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1pt solid #000000; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(224,315)</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Financial result, net</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1pt solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(32,945)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1pt solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4,854</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1pt solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(80,328)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1pt solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(92,176)</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Income before income and social contribution taxes</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">31,149</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">103,703</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">106,233</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">209,446</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Income and social contribution taxes</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;&nbsp;&nbsp; Current</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">9.b; 9.c</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(111,343)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(120,061)</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;&nbsp;&nbsp; Deferred</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">9.b</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1pt solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">9,917</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1pt solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4,898</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1pt solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">55,138</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1pt solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">31,348</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">9,917</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4,898</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(56,205)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(88,713)</font></p>
</td>
</tr>
<tr style="height: 18px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Net income for the period</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; border-bottom: 2.8pt double #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">41,066</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; border-bottom: 2.8pt double #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">108,601</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; border-bottom: 2.8pt double #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">50,028</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; border-bottom: 2.8pt double #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">120,733</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;&nbsp;&nbsp; Shareholders of the Company</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">41,066</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">108,601</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">41,066</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">108,601</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;&nbsp;&nbsp; Non-controlling interests in subsidiaries</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">8,962</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">12,132</font></p>
</td>
</tr>
<tr style="height: 25px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 25px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Earnings per share (based on weighted average number of shares outstanding) &#8211; R$</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 25px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 25px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 25px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 25px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 25px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 25px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 25px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 25px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;&nbsp;&nbsp; Basic</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">31</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">0.0377</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">0.0948</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">0.0377</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">0.0948</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;&nbsp;&nbsp; Diluted</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">31</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">0.0375</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">0.0996</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">0.0375</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">0.0996</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">The accompanying notes are an integral part of the interim financial information.</font></p>
</div>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"><br></font></p>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>8</font></font></td>
</tr>

</table>
<hr style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"><br></font></p>
</div><div style="font-family: 'times new roman', times; font-size: 10pt;">
<div style="width: 8.5in; margin: 0 auto;">
<p style="border: 0px; box-sizing: border-box; margin: 0pt 0px; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; color: #000000; font-family: 'Times New Roman'; text-align: -webkit-left; background-color: #ffffff;">Ultrapar<font style="border: 0px; box-sizing: border-box;">&nbsp;</font>Participa&#231;&#245;es<font style="border: 0px; box-sizing: border-box;">&nbsp;</font>S.A. and Subsidiaries</p>
<div style="border: 0px; box-sizing: border-box; margin: 6pt 0px 0pt; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; color: #000000; font-family: 'Times New Roman'; text-align: -webkit-left; background-color: #ffffff;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none;" href="#" name="B4_WONLXY1R5S00000000000000000000" class="customBookmark">Statements of Comprehensive Income</a></div>
<p style="border: 0px; box-sizing: border-box; margin: 0pt 0px; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; color: #000000; font-family: 'Times New Roman'; text-align: -webkit-left; background-color: #ffffff;"><b style="border: 0px; box-sizing: border-box; font-weight: bold;">For the six-month period ended June 30, 2020 and 2019</b></p>
<p style="border: 0px; box-sizing: border-box; margin: 0pt 0px; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; color: #000000; font-family: 'Times New Roman'; text-align: -webkit-left; background-color: #ffffff;"><i style="border: 0px; box-sizing: border-box;">(In thousands of Brazilian<font style="border: 0px; box-sizing: border-box;">&nbsp;</font>Reais)</i></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 11pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="height: 259px; border-collapse: collapse; margin-left: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%;" width="100%">

<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Note</font></p>
</td>
<td colspan="3" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1pt solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Parent</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td colspan="3" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1pt solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Consolidated</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">06/30/2020</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">06/30/2019</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">06/30/2020</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">06/30/2019</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 54%; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Net income for the period</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 8%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 8%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">201,925</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 2%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 8%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">342,262</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 2%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 8%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">218,894</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 2%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 8%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">363,286</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Items that are subsequently reclassified to profit or loss:</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp; Fair value adjustments of financial instruments, net</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">25.g.1</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">432</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(295)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">432</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(295)</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp; Fair value adjustments of financial instruments of subsidiaries, net</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">25.g.1</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(476,773)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">15,980</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(476,773)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">16,001</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp; Fair value adjustments of financial instruments of joint ventures, net</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">25.g.1</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,861</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(2,367)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,861</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(2,367)</font></p>
</td>
</tr>
<tr style="height: 34px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp; Cumulative translation adjustments, net of hedge of net investments<br>in foreign operations and income and social contribution taxes</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 34px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">25.g.2</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 34px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">136,122</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 34px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 34px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(5,886)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 34px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 34px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">136,122</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 34px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; height: 34px; vertical-align: bottom;" valign="bottom">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(5,886)</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Items that are not subsequently reclassified to profit or loss:</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> Actuarial gain (losses) of post-employment benefits of subsidiaries, net</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">25.g.1</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">238</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">238</font></p>
</td>
</tr>
<tr style="height: 18px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Total comprehensive income for the period</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; border-top: 1pt solid #000000; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(136,433)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; border-top: 1pt solid #000000; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">349,932</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; border-top: 1pt solid #000000; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(119,464)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; border-top: 1pt solid #000000; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">370,977</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;&nbsp;&nbsp; Total comprehensive income for the period attributable to<br>shareholders of the Company</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(136,433)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">349,932</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(136,433)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">349,932</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;&nbsp;&nbsp; Total comprehensive income for the period attributable to<br>non-controlling interest in subsidiaries</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">16,969</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">21,045</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><br></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The accompanying notes are an integral part of the </font><font style="font-family: 'Times New Roman';">i</font><font style="font-family: 'Times New Roman';">nterim </font><font style="font-family: 'Times New Roman';">financial i</font><font style="font-family: 'Times New Roman';">nformation</font><font style="font-family: 'Times New Roman';">.&nbsp;</font></font></p>
</div>
<p style="margin: 0pt; text-align: justify;"><br></p>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>9</font></font></td>
</tr>

</table>
<hr style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<p style="margin: 0pt; text-align: justify;"><br></p>
<div style="width: 8.5in; margin: 0 auto;">
<p style="border: 0px; box-sizing: border-box; margin: 0pt 0px; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; color: #000000; font-family: 'Times New Roman'; text-align: -webkit-left; background-color: #ffffff;">Ultrapar<font style="border: 0px; box-sizing: border-box;">&nbsp;</font>Participa&#231;&#245;es<font style="border: 0px; box-sizing: border-box;">&nbsp;</font>S.A. and Subsidiaries</p>
<p style="border: 0px; box-sizing: border-box; margin: 6pt 0px 0pt; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; color: #000000; font-family: 'Times New Roman'; text-align: -webkit-left; background-color: #ffffff;">Statements of Comprehensive Income</p>
<p style="border: 0px; box-sizing: border-box; margin: 0pt 0px; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; color: #000000; font-family: 'Times New Roman'; text-align: -webkit-left; background-color: #ffffff;"><b style="border: 0px; box-sizing: border-box; font-weight: bold;">For the three-month period ended June 30, 2020 and 2019</b></p>
<p style="border: 0px; box-sizing: border-box; margin: 0pt 0px; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; color: #000000; font-family: 'Times New Roman'; text-align: -webkit-left; background-color: #ffffff;"><i style="border: 0px; box-sizing: border-box;">(In thousands of Brazilian<font style="border: 0px; box-sizing: border-box;">&nbsp;</font>Reais)</i></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 11pt; font-weight: bold;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="height: 225px; border-collapse: collapse; margin-left: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%;" width="100%">

<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Note</font></p>
</td>
<td colspan="3" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1pt solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Parent</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td colspan="3" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1pt solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Consolidated</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">06/30/2020</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">06/30/2019</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">06/30/2020</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">06/30/2019</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 54%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Net income for the period</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 8%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 8%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">41,066</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 2%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 8%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">108,601</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 2%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 8%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">50,028</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 2%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 8%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">120,733</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Items that are subsequently reclassified to profit or loss:</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp; Fair value adjustments of financial instruments, net</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">25.g.1</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">430</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(301)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">430</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(301)</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp; Fair value adjustments of financial instruments of subsidiaries, net</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">25.g.1</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(56,739)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">21,906</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(56,739)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">21,906</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp; Fair value adjustments of financial instruments of joint ventures, net</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">25.g.1</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(640)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(2,413)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(640)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(2,413)</font></p>
</td>
</tr>
<tr style="height: 34px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp; Cumulative translation adjustments, net of hedge of net investments<br>in foreign operations and income and social contribution taxes</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 34px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">25.g.2</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">14,248</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(10,429)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">14,248</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(10,429)</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Items that are not subsequently reclassified to profit or loss:</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> Actuarial gain (losses) of post-employment benefits of subsidiaries, net</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">25.g.1</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
</tr>
<tr style="height: 18px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Total comprehensive income for the period</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; border-top: 1pt solid #000000; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,635)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; border-top: 1pt solid #000000; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">117,364</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; border-top: 1pt solid #000000; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">7,327</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; border-bottom: 2.8pt double #000000; border-top: 1pt solid #000000; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">129,496</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;&nbsp;&nbsp; Total comprehensive income for the period attributable to shareholders of the Company</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,635)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">117,364</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,635)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">117,364</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;&nbsp;&nbsp; Total comprehensive income for the period attributable to non-controlling interest in subsidiaries</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">8,962</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">12,132</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><br></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">The accompanying notes are an integral part of the interim financial information.</font></p>
</div>
<p style="margin: 0pt; text-align: justify;"><br></p>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>10</font></font></td>
</tr>

</table>
<hr style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
</div><div style="font-family: 'times new roman', times; font-size: 10pt;">
<div style="width: 8.5in; margin: 0 auto;">
<div style="width: 8.5in; margin: 0 auto;">
<p style="border: 0px; box-sizing: border-box; margin: 0pt 0px; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; color: #000000; font-family: 'Times New Roman'; text-align: -webkit-left; background-color: #ffffff;">Ultrapar<font style="border: 0px; box-sizing: border-box;">&nbsp;</font>Participa&#231;&#245;es<font style="border: 0px; box-sizing: border-box;">&nbsp;</font>S.A. and Subsidiaries</p>
<div style="border: 0px; box-sizing: border-box; margin: 6pt 0px 0pt; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; color: #000000; font-family: 'Times New Roman'; text-align: -webkit-left; background-color: #ffffff;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none;" href="#" name="B5_66ODIDV9TC00000000000000000000" class="customBookmark">Statements of Changes in Equity</a></div>
<p style="border: 0px; box-sizing: border-box; margin: 0pt 0px; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; color: #000000; font-family: 'Times New Roman'; text-align: -webkit-left; background-color: #ffffff;"><b style="border: 0px; box-sizing: border-box; font-weight: bold;">For the six-month period ended June 30, 2020 and 2019</b></p>
<p style="border: 0px; box-sizing: border-box; margin: 0pt 0px; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; color: #000000; font-family: 'Times New Roman'; text-align: -webkit-left; background-color: #ffffff;"><i style="border: 0px; box-sizing: border-box;">(In thousands of Brazilian<font style="border: 0px; box-sizing: border-box;">&nbsp;</font>Reais)</i></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 11pt; font-style: italic;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="height: 234px; border-collapse: collapse; margin: 0px 0px 0px 0.1px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px;" width="100%">

<tr style="height: 17px;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-bottom: 1pt solid #000000;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold;">Profit reserve</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td colspan="3" style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-bottom: 1pt solid #000000;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold;">Equity attributable to:</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 47px;">
<td style="padding: 0px 0px 2px; vertical-align: bottom; height: 47px; width: 28%; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px 0px 2px; vertical-align: bottom; height: 47px; width: 2%; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold; color: #000000;">Note</font></p>
</td>
<td style="padding: 0px 0px 2px; vertical-align: bottom; height: 47px; width: 1%; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding: 0px 0px 2px; vertical-align: bottom; height: 47px; width: 4%; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; line-height: 1; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold; color: #000000; line-height: inherit;">Share capital</font></p>
</td>
<td style="padding: 0px 0px 2px; vertical-align: bottom; height: 47px; width: 1%; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding: 0px 0px 2px; vertical-align: bottom; height: 47px; width: 4%; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; line-height: 1; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold; color: #000000; line-height: inherit;">Equity instrument granted</font></p>
</td>
<td style="padding: 0px 0px 2px; vertical-align: bottom; height: 47px; width: 1%; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding: 0px 0px 2px; vertical-align: bottom; height: 47px; width: 4%; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; line-height: 1.1; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold; color: #000000; line-height: inherit;">Capital reserve</font></p>
</td>
<td style="padding: 0px 0px 2px; vertical-align: bottom; height: 47px; width: 1%; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding: 0px 0px 2px; vertical-align: bottom; height: 47px; width: 4%; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; line-height: 1.1; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold; color: #000000; line-height: inherit;">Treasury shares</font></p>
</td>
<td style="padding: 0px 0px 2px; vertical-align: bottom; height: 47px; width: 1%; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding: 0px 0px 2px; vertical-align: bottom; height: 47px; width: 4%; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; line-height: 1.1; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold; color: #000000; line-height: inherit;">Revaluation reserve on subsidiaries</font></p>
</td>
<td style="padding: 0px 0px 2px; vertical-align: bottom; height: 47px; width: 1%; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding: 0px 0px 2px; vertical-align: bottom; height: 47px; width: 4%; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; line-height: 1.1; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold; color: #000000; line-height: inherit;">Legal</font></p>
<p style="margin: 0px; text-align: center; line-height: 1.1; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold; color: #000000; line-height: inherit;">reserve</font></p>
</td>
<td style="padding: 0px 0px 2px; vertical-align: bottom; height: 47px; width: 1%; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding: 0px 0px 2px; vertical-align: bottom; height: 47px; width: 4%; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; line-height: 1.1; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold; color: #000000; line-height: inherit;">Investments statutory reserve</font></p>
</td>
<td style="padding: 0px 0px 2px; vertical-align: bottom; height: 47px; width: 1%; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding: 0px 0px 2px; vertical-align: bottom; height: 47px; width: 4%; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; line-height: 1.1; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold; color: #000000; line-height: inherit;">Valuation adjustments</font></p>
</td>
<td style="padding: 0px 0px 2px; vertical-align: bottom; height: 47px; width: 1%; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding: 0px 0px 2px; vertical-align: bottom; height: 47px; width: 4%; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; line-height: 1.1; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold; color: #000000; line-height: inherit;">Cumulative translation adjustments</font></p>
</td>
<td style="padding: 0px 0px 2px; vertical-align: bottom; height: 47px; width: 1%; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding: 0px 0px 2px; vertical-align: bottom; height: 47px; width: 4%; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; line-height: 1.1; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold; color: #000000; line-height: inherit;">Retained earnings</font></p>
</td>
<td style="padding: 0px 0px 2px; vertical-align: bottom; height: 47px; width: 1%; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding: 0px 0px 2px; vertical-align: bottom; height: 47px; width: 4%; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; line-height: 1.1; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold; color: #000000; line-height: inherit;">Additional dividends to the minimum mandatory dividends</font></p>
</td>
<td style="padding: 0px 0px 2px; vertical-align: bottom; height: 47px; width: 1%; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding: 0px 0px 2px; vertical-align: bottom; height: 47px; width: 4%; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; line-height: 1.1; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold; color: #000000; line-height: inherit;">Shareholders of the Company</font></p>
</td>
<td style="padding: 0px 0px 2px; vertical-align: bottom; height: 47px; width: 1%; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding: 0px 0px 2px; vertical-align: bottom; height: 47px; width: 4%; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; line-height: 1.1; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold; color: #000000; line-height: inherit;">Non-controlling interests in subsidiaries</font></p>
</td>
<td style="padding: 0px 0px 2px; vertical-align: bottom; height: 47px; width: 1%; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding: 0px 0px 2px; vertical-align: bottom; height: 47px; width: 4%; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; line-height: 1.1; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold; color: #000000; line-height: inherit;">Consolidated equity</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold; color: #000000;">Balance as of December 31, 2019</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold; color: #000000;"> 5,171,752</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold; color: #000000;"> 11,970</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold; color: #000000;"> 542,400</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold; color: #000000;">(485,383)</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold; color: #000000;"> 4,522</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold; color: #000000;"> 705,341</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold; color: #000000;"> 3,290,073</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold; color: #000000;">(146,317)</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold; color: #000000;"> 102,427</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold; color: #000000;">-&nbsp; </font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold; color: #000000;"> 261,470</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold; color: #000000;"> 9,458,255</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold; color: #000000;"> 376,920</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold; color: #000000;"> 9,835,175</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">Net income for the period</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;"> 201,925</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;"> 201,925</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;"> 16,969</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;"> 218,894</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">Other comprehensive income:</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: center; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: center; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">Fair value adjustments of available for financial instruments, net of income taxes</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">25.g.1</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;"> 432</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;"> 432</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;"> 432</font></p>
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<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">Fair value adjustments of available for financial instruments, net of income taxes (subsidiaries)</font></p>
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<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: center; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">12.a; 25.g.1</font></p>
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<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: center; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">(474,912)</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">(474,912)</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">(474,912)</font></p>
</td>
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<tr style="height: 10px;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">Currency translation of foreign subsidiaries, including the effect of net investments hedge</font></p>
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<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">25.g.2</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; border-bottom: 1pt solid #000000;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; border-bottom: 1pt solid #000000;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; border-bottom: 1pt solid #000000;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; border-bottom: 1pt solid #000000;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; border-bottom: 1pt solid #000000;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; border-bottom: 1pt solid #000000;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; border-bottom: 1pt solid #000000;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; border-bottom: 1pt solid #000000;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; border-bottom: 1pt solid #000000;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;"> 136,122</font></p>
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<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; border-bottom: 1pt solid #000000;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; border-bottom: 1pt solid #000000;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; border-bottom: 1pt solid #000000;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;"> 136,122</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; border-bottom: 1pt solid #000000;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; border-bottom: 1pt solid #000000;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;"> 136,122</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">Total comprehensive income for the period</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: center; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: center; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">(474,480)</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;"> 136,122</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;"> 201,925</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">(136,433)</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;"> 16,969</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">(119,464)</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">Issuance of shares related to the subscription warrants - indemnification - Extrafarma acquisition</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">25.d</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;"> 53,072</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;"> 53,072</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;"> 53,072</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">Equity instrument granted</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: center; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">25.b</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: center; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;"> 2,189</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;"> 2,189</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;"> 2,189</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">Equity instrument granted (subsidiaries)</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">12.a; 25.b</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;"> 1,281</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;"> 1,281</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;"> 1,281</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">Income and social contribution taxes on realization of revaluation reserve of subsidiaries</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: center; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">25.e</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: center; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">(93)</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;"> 93</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">Loss due to the payments fixed dividends to preferred shares</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">(516)</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">(516)</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;"> 516</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">Shareholder transaction - changes of investiments</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: center; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: center; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;"> 41</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;"> 41</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">(41)</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">Additional dividends attributable to non-controlling interests</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">(2,790)</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">(2,790)</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">Approval of additional dividends by the Shareholders&#8217; Meeting</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: center; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">25.h</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: center; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">(261,470)</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">(261,470)</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">-</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; font-family: 'Times New Roman'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">(261,470)</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold; color: #000000;">Balance as of June 30, 2020</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; border-top: 1pt solid #000000; border-bottom: 2.8pt double #000000;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold; color: #000000;"> 5,171,752</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; border-top: 1pt solid #000000; border-bottom: 2.8pt double #000000;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold; color: #000000;"> 15,440</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; border-top: 1pt solid #000000; border-bottom: 2.8pt double #000000;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold; color: #000000;"> 595,472</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; border-top: 1pt solid #000000; border-bottom: 2.8pt double #000000;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold; color: #000000;">(485,383)</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; border-top: 1pt solid #000000; border-bottom: 2.8pt double #000000;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold; color: #000000;"> 4,429</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; border-top: 1pt solid #000000; border-bottom: 2.8pt double #000000;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold; color: #000000;"> 705,341</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; border-top: 1pt solid #000000; border-bottom: 2.8pt double #000000;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold; color: #000000;"> 3,290,073</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; border-top: 1pt solid #000000; border-bottom: 2.8pt double #000000;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold; color: #000000;">(620,797)</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; border-top: 1pt solid #000000; border-bottom: 2.8pt double #000000;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold; color: #000000;"> 238,549</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; border-top: 1pt solid #000000; border-bottom: 2.8pt double #000000;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold; color: #000000;"> 201,543</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; border-top: 1pt solid #000000; border-bottom: 2.8pt double #000000;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold; color: #000000;">-&nbsp; </font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; border-top: 1pt solid #000000; border-bottom: 2.8pt double #000000;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold; color: #000000;"> 9,116,419</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; border-top: 1pt solid #000000; border-bottom: 2.8pt double #000000;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold; color: #000000;"> 391,574</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold; color: #000000;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; border-top: 1pt solid #000000; border-bottom: 2.8pt double #000000;">
<p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold; color: #000000;"> 9,507,993</font></p>
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<p style="/* margin: 3pt 0pt 0pt; */text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The accompanying notes are an integral part of the </font><font style="font-family: 'Times New Roman';">interim financial i</font><font style="font-family: 'Times New Roman';">nformation</font><font style="font-family: 'Times New Roman';">.</font></font></p>
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<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>11</font></font></td>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
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<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 0pt; text-align: justify;">Ultrapar<font style="border: 0px; box-sizing: border-box;">&nbsp;</font>Participa&#231;&#245;es<font style="border: 0px; box-sizing: border-box;">&nbsp;</font><font style="font-family: 'Times New Roman'; font-size: 10pt; text-align: -webkit-left;">S.A. and Subsidiaries</font><br></p>
<p style="border: 0px; box-sizing: border-box; margin: 6pt 0px 0pt; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; color: #000000; font-family: 'Times New Roman'; text-align: -webkit-left; background-color: #ffffff;">Statements of Changes in Equity</p>
<p style="border: 0px; box-sizing: border-box; margin: 0pt 0px; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; color: #000000; font-family: 'Times New Roman'; text-align: -webkit-left; background-color: #ffffff;"><b style="border: 0px; box-sizing: border-box; font-weight: bold;">For the six-month period ended June 30, 2020 and 2019</b></p>
<p style="border: 0px; box-sizing: border-box; margin: 0pt 0px; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; color: #000000; font-family: 'Times New Roman'; text-align: -webkit-left; background-color: #ffffff;"><i style="border: 0px; box-sizing: border-box;">(In thousands of Brazilian<font style="border: 0px; box-sizing: border-box;">&nbsp;</font>Reais)</i></p>
<p style="margin: 0pt; text-align: justify;"><br></p>
<table cellspacing="0" cellpadding="0" style="height: 200px; border-collapse: collapse; margin: 0px 0px 0px 0.1px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px;" width="100%">

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<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
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<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
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<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
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<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold;">&nbsp;</font></p>
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<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold;">&nbsp;</font></p>
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<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
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<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold;">&nbsp;</font></p>
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<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold;">&nbsp;</font></p>
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<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold;">&nbsp;</font></p>
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<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold;">&nbsp;</font></p>
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<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold;">&nbsp;</font></p>
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<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold;">&nbsp;</font></p>
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<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold;">&nbsp;</font></p>
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<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold;">Profit reserve</font></p>
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<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold;">&nbsp;</font></p>
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<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold;">&nbsp;</font></p>
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<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold;">&nbsp;</font></p>
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<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold;">&nbsp;</font></p>
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<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold;">&nbsp;</font></p>
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<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold;">&nbsp;</font></p>
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<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
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<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold;">&nbsp;</font></p>
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<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold;">Equity attributable to:</font></p>
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<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold;">&nbsp;</font></p>
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<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold;">&nbsp;</font></p>
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<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="color: #0563c1; font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
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<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold;">Note</font></p>
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<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold;">&nbsp;</font></p>
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<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold;">Share capital</font></p>
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<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold;">&nbsp;</font></p>
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<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px; line-height: 1.1;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold; line-height: inherit;">Equity instrument granted</font></p>
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<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold;">&nbsp;</font></p>
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<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px; line-height: 1.1;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold; line-height: inherit;">Capital reserve</font></p>
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<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold;">&nbsp;</font></p>
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<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px; line-height: 1.1;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold; line-height: inherit;">Treasury shares</font></p>
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<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold;">&nbsp;</font></p>
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<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px; line-height: 1.1;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold; line-height: inherit;">Revaluation reserve on subsidiaries</font></p>
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<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold;">&nbsp;</font></p>
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<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px; line-height: 1.1;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold; line-height: inherit;">Legal</font></p>
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px; line-height: 1.1;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold; line-height: inherit;">reserve</font><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold;">&nbsp;</font></p>
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<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold;">&nbsp;</font></p>
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<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px; line-height: 1.1;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold; line-height: inherit;">Investments statutory reserve</font></p>
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<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold;">&nbsp;</font></p>
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<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px; line-height: 1.1;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold; line-height: inherit;">Valuation adjustments</font></p>
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<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold;">&nbsp;</font></p>
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<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px; line-height: 1.1;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold; line-height: inherit;">Cumulative translation adjustments</font></p>
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<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold;">&nbsp;</font></p>
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<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px; line-height: 1.1;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold; line-height: inherit;">Retained earnings</font></p>
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<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold;">&nbsp;</font></p>
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<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px; line-height: 1.1;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold; line-height: inherit;">Additional dividends to the minimum mandatory dividends</font></p>
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<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold;">&nbsp;</font></p>
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<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px; line-height: 1.1;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold; line-height: inherit;">Shareholders of the Company</font></p>
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<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold;">&nbsp;</font></p>
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<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px; line-height: 1.1;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold; line-height: inherit;">Non-controlling interests in subsidiaries</font></p>
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<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px; line-height: 1.1;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold; line-height: inherit;">Consolidated equity</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 28%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold;">Balance as of December 31, 2018</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 2%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 4%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold;"> 5,171,752</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 4%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold;"> 4,309</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 4%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold;"> 542,400</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 4%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold;">(485,383)</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 4%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold;"> 4,712</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 4%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold;"> 686,665</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 4%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold;"> 3,412,427</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 4%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold;">(63,989)</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 4%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold;"> 65,857</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 4%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold;">-&nbsp; </font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 4%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold;"> 109,355</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 4%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold;"> 9,448,105</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 4%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold;"> 351,924</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 4%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold;"> 9,800,029</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">Net income for the period</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-&nbsp; </font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-&nbsp; </font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-&nbsp; </font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-&nbsp; </font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-&nbsp; </font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-&nbsp; </font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-&nbsp; </font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-&nbsp; </font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-&nbsp; </font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;"> 342,262</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-&nbsp; </font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;"> 342,262</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;"> 21,024</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;"> 363,286</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">Other comprehensive income:</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">Fair value adjustments of available for financial instruments, net of income taxes</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">25.g.1</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-&nbsp; </font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-&nbsp; </font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-&nbsp; </font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-&nbsp; </font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-&nbsp; </font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-&nbsp; </font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-&nbsp; </font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">(295)</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-&nbsp; </font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-&nbsp; </font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-&nbsp; </font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">(295)</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-&nbsp; </font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">(295)</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">Fair value adjustments of available for financial instruments, net of income taxes (subsidiaries)</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">25.g.1</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-&nbsp; </font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-&nbsp; </font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-&nbsp; </font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-&nbsp; </font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-&nbsp; </font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-&nbsp; </font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-&nbsp; </font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;"> 13,613</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-&nbsp; </font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-&nbsp; </font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-&nbsp; </font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;"> 13,613</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;"> 21</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;"> 13,634</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">Actuarial gain of post-employment benefits, net of income taxes</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">25.g.1</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-&nbsp; </font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-&nbsp; </font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-&nbsp; </font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-&nbsp; </font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-&nbsp; </font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-&nbsp; </font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-&nbsp; </font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;"> 238</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-&nbsp; </font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-&nbsp; </font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-&nbsp; </font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;"> 238</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-&nbsp; </font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;"> 238</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">Currency translation of foreign subsidiaries, including the effect of net investments hedge</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">25.g.2</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; border-bottom: 1pt solid #000000; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-&nbsp; </font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; border-bottom: 1pt solid #000000; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-&nbsp; </font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; border-bottom: 1pt solid #000000; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-&nbsp; </font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; border-bottom: 1pt solid #000000; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-&nbsp; </font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; border-bottom: 1pt solid #000000; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-&nbsp; </font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; border-bottom: 1pt solid #000000; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-&nbsp; </font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; border-bottom: 1pt solid #000000; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-&nbsp; </font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; border-bottom: 1pt solid #000000; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-&nbsp; </font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; border-bottom: 1pt solid #000000; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">(5,886)</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; border-bottom: 1pt solid #000000; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-&nbsp; </font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; border-bottom: 1pt solid #000000; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-&nbsp; </font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; border-bottom: 1pt solid #000000; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">(5,886)</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; border-bottom: 1pt solid #000000; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-&nbsp; </font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; border-bottom: 1pt solid #000000; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">(5,886)</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">Total comprehensive income for the period</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-&nbsp; </font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-&nbsp; </font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-&nbsp; </font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-&nbsp; </font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-&nbsp; </font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-&nbsp; </font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-&nbsp; </font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;"> 13,556</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">(5,886)</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;"> 342,262</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-&nbsp; </font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;"> 349,932</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;"> 21,045</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;"> 370,977</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">Equity instrument granted</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">25.b</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-&nbsp; </font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;"> 3,236</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-&nbsp; </font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-&nbsp; </font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-&nbsp; </font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-&nbsp; </font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-&nbsp; </font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-&nbsp; </font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-&nbsp; </font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-&nbsp; </font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-&nbsp; </font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;"> 3,236</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-&nbsp; </font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;"> 3,236</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">Shareholder transaction - gain in reimbursement of shares pref. B from Oxiteno Nordeste</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-&nbsp; </font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-&nbsp; </font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-&nbsp; </font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-&nbsp; </font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-&nbsp; </font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-&nbsp; </font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-&nbsp; </font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-&nbsp; </font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-&nbsp; </font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;"> 208</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-&nbsp; </font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;"> 208</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">(208)</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-&nbsp; </font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">Realization of revaluation reserve of subsidiaries</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">25.e</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-&nbsp; </font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-&nbsp; </font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-&nbsp; </font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-&nbsp; </font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">(97)</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-&nbsp; </font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-&nbsp; </font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-&nbsp; </font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-&nbsp; </font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;"> 97</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-&nbsp; </font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-&nbsp; </font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-&nbsp; </font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-&nbsp; </font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">Income and social contribution taxes on realization of revaluation reserve of subsidiaries</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">25.e</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-&nbsp; </font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-&nbsp; </font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-&nbsp; </font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-&nbsp; </font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-&nbsp; </font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-&nbsp; </font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-&nbsp; </font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-&nbsp; </font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-&nbsp; </font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">(25)</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-&nbsp; </font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">(25)</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-&nbsp; </font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">(25)</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">Additional dividends attributable to non-controlling interests</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-&nbsp; </font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-&nbsp; </font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-&nbsp; </font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-&nbsp; </font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-&nbsp; </font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-&nbsp; </font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-&nbsp; </font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-&nbsp; </font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-&nbsp; </font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-&nbsp; </font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-&nbsp; </font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-&nbsp; </font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">(1,548)</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">(1,548)</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">Redemption of non-controlling shares of Oxiteno Nordeste</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-&nbsp; </font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-&nbsp; </font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-&nbsp; </font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-&nbsp; </font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-&nbsp; </font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-&nbsp; </font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-&nbsp; </font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-&nbsp; </font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-&nbsp; </font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-&nbsp; </font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-&nbsp; </font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-&nbsp; </font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">(2,180)</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">(2,180)</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">Capital increase from Iconic non-controlling shareholders</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-&nbsp; </font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-&nbsp; </font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-&nbsp; </font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-&nbsp; </font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-&nbsp; </font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-&nbsp; </font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-&nbsp; </font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-&nbsp; </font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-&nbsp; </font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-&nbsp; </font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-&nbsp; </font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-&nbsp; </font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;"> 6,996</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;"> 6,996</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">Approval of additional dividends by the Shareholders&#8217; Meeting</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">25.h</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-&nbsp; </font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-&nbsp; </font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-&nbsp; </font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-&nbsp; </font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-&nbsp; </font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-&nbsp; </font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-&nbsp; </font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-&nbsp; </font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-&nbsp; </font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-&nbsp; </font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">(109,355)</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">(109,355)</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">-&nbsp; </font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">(109,355)</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold;">Balance as of June 30, 2019</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; border-top: 1pt solid #000000; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold;"> 5,171,752</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; border-top: 1pt solid #000000; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold;"> 7,545</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; border-top: 1pt solid #000000; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold;"> 542,400</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; border-top: 1pt solid #000000; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold;">(485,383)</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; border-top: 1pt solid #000000; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold;"> 4,615</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; border-top: 1pt solid #000000; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold;"> 686,665</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; border-top: 1pt solid #000000; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold;"> 3,412,427</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; border-top: 1pt solid #000000; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold;">(50,433)</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; border-top: 1pt solid #000000; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold;"> 59,971</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; border-top: 1pt solid #000000; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold;"> 342,542</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; border-top: 1pt solid #000000; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold;">-&nbsp; </font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; border-top: 1pt solid #000000; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold;"> 9,692,101</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; border-top: 1pt solid #000000; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold;"> 376,029</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; border-top: 1pt solid #000000; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><font style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: bold;"> 10,068,130</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
<p style="margin: 3pt 0pt 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">The accompanying notes are an integral part of the interim financial information.&nbsp;</font></p>
</div>
</div>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>12</font></font></td>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
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<p style="border: 0px; box-sizing: border-box; margin: 0pt; color: #333333; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-style: initial; text-decoration-color: initial; text-align: justify;"><br></p>
<p style="border: 0px; box-sizing: border-box; margin: 0pt; color: #333333; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-style: initial; text-decoration-color: initial; text-align: justify;">Ultrapar<font style="border: 0px; box-sizing: border-box;">&nbsp;</font>Participa&#231;&#245;es<font style="border: 0px; box-sizing: border-box;">&nbsp;</font><font style="border: 0px; box-sizing: border-box; font-family: 'Times New Roman'; font-size: 10pt; text-align: -webkit-left;">S.A. and Subsidiaries</font><br></p>
<div style="border: 0px; box-sizing: border-box; margin: 6pt 0px 0pt; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; color: #000000; font-family: 'Times New Roman'; text-align: -webkit-left; background-color: #ffffff;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none;" href="#" name="B8_W6ZXGMW7NK00000000000000000000" class="customBookmark">Statements of Cash Flows - Indirect Method</a></div>
<p style="border: 0px; box-sizing: border-box; margin: 0pt 0px; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; color: #000000; font-family: 'Times New Roman'; text-align: -webkit-left; background-color: #ffffff;"><b style="border: 0px; box-sizing: border-box; font-weight: bold;">As of June 30, 2020 and December&nbsp;31, 2019</b></p>
<p style="border: 0px; box-sizing: border-box; margin: 0pt 0px; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; color: #000000; font-family: 'Times New Roman'; text-align: -webkit-left; background-color: #ffffff;"><i style="border: 0px; box-sizing: border-box;">(In thousands of Brazilian<font style="border: 0px; box-sizing: border-box;">&nbsp;</font>Reais)</i></p>
<p style="margin: 0pt; text-align: justify;"><br></p>
<table cellspacing="0" cellpadding="0" style="height: 684px; border-collapse: collapse; margin-left: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%;" width="100%">

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<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Note</font></p>
</td>
<td colspan="3" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1pt solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Parent</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td colspan="3" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1pt solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Consolidated</font></p>
</td>
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<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">06/30/2020</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">06/30/2019</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">06/30/2020</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">06/30/2019</font></p>
</td>
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<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 54%; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Cash flows from operating activities</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 8%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 17px; width: 8%; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 17px; width: 2%; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 17px; width: 8%; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 17px; width: 2%; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 17px; width: 8%; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 17px; width: 2%; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 17px; width: 8%; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Net income for the period</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">201,925</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">342,262</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">218,894</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">363,286</font></p>
</td>
</tr>
<tr style="height: 25px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 25px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Adjustments to reconcile net income to cash provided by operating activities</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 25px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 25px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 25px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 25px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 25px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 25px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 25px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 25px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Share of loss (profit) of subsidiaries, joint ventures and associates</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">12</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(218,142)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(324,557)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">25,698</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">10,048</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Amortization of contractual assets with customers &#8211; exclusive rights</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">11</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">150,854</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">177,818</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Amortization of right to use assets</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">13.a</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,854</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">158,628</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">153,257</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Depreciation and amortization</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">14; 15</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">971</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">458,512</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">416,867</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">PIS and COFINS credits on depreciation</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">14; 15</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">8,794</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">7,330</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Interest and foreign exchange rate variations</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">36,030</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(2,755)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">614,526</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">547,849</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Deferred income and social contribution taxes</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">9.b</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(3,261)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(409)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(26,314)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(2,566)</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(Loss) Gain on disposal of property, plant, and equipment and intangibles</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">28</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(20,910)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,055</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Expected losses on doubtful accounts</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">5</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">56,516</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">65,637</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Provision for losses in inventories</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">6</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,800)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">13,276</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Provision for post-employment benefits</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">20.b</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">913</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(2,896)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(3,299)</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Equity instrument granted</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">8.c</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,191</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,471</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,237</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Other provisions and adjustments</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1pt solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(219)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1pt solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(4)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1pt solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(2,214)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1pt solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,449</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">22,262</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">14,537</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,641,759</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,756,244</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">(Increase) decrease in current assets</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Trade receivables and reseller financing</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">5</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(200)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">517,590</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">155,421</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Inventories</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">6</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">752,595</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">77,310</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Recoverable taxes</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">7</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(3,530)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4,240</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(28,429)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(138,899)</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Dividends received from subsidiaries and joint ventures</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">219,442</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,303,209</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4,718</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,729</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Other receivables</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(21,543)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,769)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(49,815)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(28,242)</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Prepaid expenses</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">10</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(2,783)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(111)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(74,316)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(13,617)</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Increase (decrease) in current liabilities</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Trade payables</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">17</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,755</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">181</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(218,037)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(225,368)</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Salaries and related charges</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">18</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">28,196</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">700</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">33,433</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(58,869)</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Taxes payable</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">19</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">557</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(10,970)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(39,041)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(38,782)</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Income and social contribution taxes</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(9,238)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(20,917)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">122,922</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Post-employment benefits</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">20.b</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">777</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(2,497)</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Provision for tax, civil, and labor risks</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">22.a</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,641</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">13,594</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Other payables</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,686</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(2,433)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">20,082</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">64,399</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Deferred revenue</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">23</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,243)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">9,666</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">(Increase) decrease in non-current assets</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Trade receivables and reseller financing</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">5</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(52,271)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">54,730</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Recoverable taxes</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">7</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">9,238</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(276,826)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">15,392</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Escrow deposits</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">15</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(28,302)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(31,044)</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Other receivables</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">184</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(14)</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Prepaid expenses</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">10</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,732)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">5</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(14,578)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(18,463)</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><br></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The accompanying notes are an integral part of the </font><font style="font-family: 'Times New Roman';">i</font><font style="font-family: 'Times New Roman';">nterim </font><font style="font-family: 'Times New Roman';">financial i</font><font style="font-family: 'Times New Roman';">nformation.</font></font></p>
</div>
<p style="margin: 0pt; text-align: justify;"><br></p>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>13</font></font></td>
</tr>

</table>
<hr style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 9pt;"><br></font></p>
<div style="width: 8.5in; margin: 0 auto;">
<p style="border: 0px; box-sizing: border-box; margin: 0pt; color: #333333; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-style: initial; text-decoration-color: initial; text-align: justify;">Ultrapar<font style="border: 0px; box-sizing: border-box;">&nbsp;</font>Participa&#231;&#245;es<font style="border: 0px; box-sizing: border-box;">&nbsp;</font><font style="border: 0px; box-sizing: border-box; font-family: 'Times New Roman'; font-size: 10pt; text-align: -webkit-left;">S.A. and Subsidiaries</font><br></p>
<p style="border: 0px; box-sizing: border-box; margin: 6pt 0px 0pt; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; color: #000000; font-family: 'Times New Roman'; text-align: -webkit-left; background-color: #ffffff;">Statements of Cash Flows - Indirect Method</p>
<p style="border: 0px; box-sizing: border-box; margin: 0pt 0px; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; color: #000000; font-family: 'Times New Roman'; text-align: -webkit-left; background-color: #ffffff;"><b style="border: 0px; box-sizing: border-box; font-weight: bold;">For the six-month period ended June 30, 2020 and 2019</b></p>
<p style="border: 0px; box-sizing: border-box; margin: 0pt 0px; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; color: #000000; font-family: 'Times New Roman'; text-align: -webkit-left; background-color: #ffffff;"><i style="border: 0px; box-sizing: border-box;">(In thousands of Brazilian<font style="border: 0px; box-sizing: border-box;">&nbsp;</font>Reais)</i></p>
<p style="margin: 0pt; text-align: justify;"><br></p>
<table cellspacing="0" cellpadding="0" style="height: 602px; border-collapse: collapse; margin-left: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%;" width="100%">

<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td colspan="3" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1pt solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Parent</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td colspan="3" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1pt solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Consolidated</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">06/30/2020</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">06/30/2019</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">06/30/2020</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">06/30/2019</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 54%; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Increase (decrease) in non-current liabilities</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 8%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 8%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 2%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 8%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 2%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 8%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 2%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 8%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Post-employment benefits</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">20.b</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">5,602</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">6,044</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,838</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Provision for tax, civil, and labor risks</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">22.a; 22.c</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(119)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(399)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(37,412)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(16,405)</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Other payables</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4,415</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">314</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(40,167)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">32,500</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Deferred revenue</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">23</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(2,129)</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Payments of contractual assets with customers &#8211; exclusive rights</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">11</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(236,579)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(126,334)</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Income and social contribution taxes paid</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1pt solid #000000; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1pt solid #000000; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1pt solid #000000; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(58,139)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1pt solid #000000; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(79,836)</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Net cash provided by operating activities</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">256,023</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,307,504</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,802,751</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,527,246</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Cash flows from investing activities</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Financial investments, net of redemptions</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4.b</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">42,728</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">446,681</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">312,119</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(488,278)</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Acquisition of property, plant, and equipment</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">14</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(5,595)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(354,487)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(424,798)</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Acquisition of intangible assets</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">15</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(10,023)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(78,607)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(47,088)</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Capital increase in subsidiary</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">12.a</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(3,559)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,450,000)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Capital increase in joint-venture</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">12.b</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(10,000)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(8,750)</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Proceeds from disposal of property, plant, and equipment and intangibles</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">28</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom: 1pt solid #000000; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom: 1pt solid #000000; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">662</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom: 1pt solid #000000; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">49,447</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom: 1pt solid #000000; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">15,312</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">Net cash </font><font style="font-family: 'Times New Roman'; font-weight: bold;">provided by (</font><font style="font-family: 'Times New Roman'; font-weight: bold;">used in</font><font style="font-family: 'Times New Roman'; font-weight: bold;">)</font><font style="font-family: 'Times New Roman'; font-weight: bold;"> investing activities</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">23,551</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,002,657)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(81,528)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(953,602)</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Cash flows from financing activities</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Loans and debentures</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Proceeds</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">16</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">994,996</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,611,155</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,997,984</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Repayments</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">16</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(984,871)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(2,063,895)</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Interest paid</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">16</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(43,083)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(55,385)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(336,187)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,003,282)</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Payments of lease</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">13</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(2,321)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(172,273)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(155,148)</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Dividends paid</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">25.h</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(260,004)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(378,469)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(263,059)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(380,573)</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Redemption of non-controlling shares of Oxiteno Nordeste</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3.b.2</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(2,180)</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Capital increase from Iconic non-controlling shareholders</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">6,996</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Related parties</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">8.a</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1pt solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,690</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1pt solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">26,575</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1pt solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(48)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1pt solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(48)</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Net cash provided by (used in) financing activities</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1pt solid #000000; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">693,278</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1pt solid #000000; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(407,279)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1pt solid #000000; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(145,283)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1pt solid #000000; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,600,146)</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Effect of exchange rate changes on cash and cash equivalents in foreign currency</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">113,872</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(3,147)</font></p>
</td>
</tr>
<tr style="height: 18px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">I</font><font style="font-family: 'Times New Roman'; font-weight: bold;">ncrease</font><font style="font-family: 'Times New Roman'; font-weight: bold;"> (decrease)</font><font style="font-family: 'Times New Roman'; font-weight: bold;"> in cash and cash equivalents</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">972,852</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(102,432)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,689,812</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,029,649)</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Cash and cash equivalents at the beginning of the period</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4.a</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">42,580</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">172,315</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,115,379</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,938,951</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Cash and cash equivalents at the end of the period</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4.a</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,015,432</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">69,883</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,805,191</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,909,302</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Transactions without cash effect:</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Addition on right to use assets and leases payable</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">13.a</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">32,719</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">293,685</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">257,021</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Addition on contractual assets with customers &#8211; exclusive rights</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">11</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">56,260</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Reversion fund <font style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">&#8211;</font> private pension</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">10</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">47,088</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><br></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">&nbsp;</font><font style="font-family: 'Times New Roman';">The accompanying notes are an integral part of the </font><font style="font-family: 'Times New Roman';">interim financial i</font><font style="font-family: 'Times New Roman';">nformation</font><font style="font-family: 'Times New Roman';">.</font></font></p>
</div>
<p style="margin: 0pt; text-align: justify;"><br></p>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>14</font></font></td>
</tr>

</table>
<hr style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
</div><div style="font-family: 'times new roman', times; font-size: 10pt;">
<div style="width: 8.5in; margin: 0 auto;">
<p style="border: 0px; box-sizing: border-box; margin: 0pt; color: #333333; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff; text-align: justify;"><br></p>
<p style="border: 0px; box-sizing: border-box; margin: 0pt; color: #333333; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; font-size: 13.3333px; background-color: #ffffff; text-align: justify;">Ultrapar<font style="border: 0px; box-sizing: border-box;">&nbsp;</font>Participa&#231;&#245;es<font style="border: 0px; box-sizing: border-box;">&nbsp;</font><font style="border: 0px; box-sizing: border-box; font-family: 'Times New Roman'; font-size: 10pt; text-align: -webkit-left;">S.A. and Subsidiaries</font><br></p>
<div style="border: 0px; box-sizing: border-box; margin: 6pt 0px 0pt; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; color: #000000; font-family: 'Times New Roman'; text-align: -webkit-left; background-color: #ffffff;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none;" href="#" name="B3333_A8K26EJTSG00000000000000000000" class="customBookmark">Statements of Value Added</a></div>
<p style="border: 0px; box-sizing: border-box; margin: 0pt 0px; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; color: #000000; font-family: 'Times New Roman'; text-align: -webkit-left; background-color: #ffffff;"><b style="border: 0px; box-sizing: border-box; font-weight: bold;">For the six-month period ended June 30, 2020 and 2019</b></p>
<p style="border: 0px; box-sizing: border-box; margin: 0pt 0px; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; color: #000000; font-family: 'Times New Roman'; text-align: -webkit-left; background-color: #ffffff;"><font style="font-size: 10pt;"> <i><font lang="EN-US" style="font-family: 'Times New Roman', serif; color: #000000;">(In thousands of Brazilian Reais, except percentages)</font></i> </font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 11pt;">&nbsp;</font></p>
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<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
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<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Note</font></p>
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<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Parent</font></p>
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<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
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<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Consolidated</font></p>
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<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
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<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
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<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">06/30/2020</font></p>
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<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
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<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">%</font></p>
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<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
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<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">06/30/2019</font></p>
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<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
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<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">%</font></p>
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<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
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<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">06/30/2020</font></p>
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<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
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<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">%</font></p>
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<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
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<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">06/30/2019</font></p>
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<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
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<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">%</font></p>
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<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Revenue</font></p>
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<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
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<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 34%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Gross revenue from sales and services, except rents and royalties</font></p>
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<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 7%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">26</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 9%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 1%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 4%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 1%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 9%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 1%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 4%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 1%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 9%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">40,044,517</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 1%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 4%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 1%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 9%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">45,179,967</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 1%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 4%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Rebates, discounts, and returns</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">26</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(753,010)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(756,582)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Expected losses on doubtful accounts</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(56,516)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(65,640)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Amortization of contractual assets with customers &#8211; exclusive rights</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">11</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(150,854)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(177,818)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Gain (loss) on disposal of property, plant, and equipment and intangibles and other operating income, net</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">28; 29</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom: 1pt solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom: 1pt solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom: 1pt solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">64,759</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom: 1pt solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">17,900</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">39,</font><font style="font-family: 'Times New Roman';">148,896</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">44,</font><font style="font-family: 'Times New Roman';">197,827</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Materials purchased from third parties</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Raw materials used</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(2,731,931)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(2,849,922)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Cost of goods, products, and services sold</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(32,142,487)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(36,838,490)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 18px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Third-party materials, energy, services, and others</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">79,685</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4,848</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">(1,</font><font style="font-family: 'Times New Roman';">157,296</font><font style="font-family: 'Times New Roman';">)</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,289,611)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Provisions for losses of assets</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1pt solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1pt solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1pt solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(19,808)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1pt solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(9,361)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">79,685</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4,848</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">(36,</font><font style="font-family: 'Times New Roman';">051,522</font><font style="font-family: 'Times New Roman';">)</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(40,987,384)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Gross value added</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1pt solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">79,685</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1pt solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4,848</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1pt solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">3,</font><font style="font-family: 'Times New Roman';">097,374</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1pt solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">3,</font><font style="font-family: 'Times New Roman';">210,443</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Deductions</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Depreciation and amortization</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">14; 15</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(2,825)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(617,140)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(570,124)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">PIS and COFINS credits on depreciation</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">14; 15</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1pt solid #000000; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1pt solid #000000; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1pt solid #000000; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(8,794)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1pt solid #000000; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(7,330)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(2,825)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(625,934)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(577,454)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Net value added by the Company</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1pt solid #000000; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">76,860</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1pt solid #000000; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4,848</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1pt solid #000000; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">2,</font><font style="font-family: 'Times New Roman';">471,440</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1pt solid #000000; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">2,</font><font style="font-family: 'Times New Roman';">632,989</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Value added received in transfer</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 24px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 24px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Share of profit (loss) of subsidiaries, joint ventures, and associates</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 24px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">12</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 24px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">218,142</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 24px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 24px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 24px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 24px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">324,557</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 24px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 24px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 24px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 24px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(25,698)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 24px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 24px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 24px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 24px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(10,048)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 24px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 24px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Rents and royalties</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">26</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">57,226</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">67,824</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Financial income</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">30</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1pt solid #000000; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">31,769</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1pt solid #000000; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">76,339</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1pt solid #000000; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">235,164</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1pt solid #000000; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">276,288</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">249,911</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">400,896</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">266,692</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">334,064</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Total value added available for distribution</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1pt solid #000000; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">326,771</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1pt solid #000000; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">405,744</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1pt solid #000000; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">2,</font><font style="font-family: 'Times New Roman';">738,132</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1pt solid #000000; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">2,</font><font style="font-family: 'Times New Roman';">967,053</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Distribution of value added</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Labor and benefits</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">61,447</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">19</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,539</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">932,672</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">34</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,072,128</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">36</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Taxes, fees, and contributions</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">7,826</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,248</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">1,</font><font style="font-family: 'Times New Roman';">184.221</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">4</font><font style="font-family: 'Times New Roman';">3</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">1,</font><font style="font-family: 'Times New Roman';">176,602</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">40</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Financial expenses and rents</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">55,573</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">17</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">57,695</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">14</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">402,345</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">1</font><font style="font-family: 'Times New Roman';">5</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">355,037</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">12</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Retained earnings</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1pt solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">201,925</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1pt solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">62</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1pt solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">342,262</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1pt solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">84</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1pt solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">218,894</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1pt solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">8</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1pt solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">363,286</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1pt solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">12</font></p>
</td>
</tr>
<tr style="height: 18px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Value added distributed</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">326,771</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">405,744</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">2,</font><font style="font-family: 'Times New Roman';">738,132</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">2,</font><font style="font-family: 'Times New Roman';">967,053</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The accompanying notes are an integral part of the </font><font style="font-family: 'Times New Roman';">interim financial i</font><font style="font-family: 'Times New Roman';">nformation</font><font style="font-family: 'Times New Roman';">.</font></font></p>
</div>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';"><br></font></font></p>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>15</font></font></td>
</tr>

</table>
<hr style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
</div><div style="font-family: 'times new roman', times; font-size: 10pt;">
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Ultrapar Participa&#231;&#245;es S.A. and Subsidiaries</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<div style="margin: 0pt; text-align: justify;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none;" href="#" name="B8888_J3NTFGGBQO00000000000000000000" class="customBookmark"><font style="font-family: 'times new roman', times; font-size: 10pt;">Notes to the Parent&#8217;s Separate and Consolidated Interim Financial Information</font></a></div>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(In thousands of Brazilian Reais, unless otherwise stated)</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<h1 style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="font-weight: bold;">1.</font><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: normal;">&nbsp;&nbsp;&nbsp; </font><font style="font-style: normal; font-weight: bold;">Operations</font></font></h1>
<p style="margin: 0pt 0pt 0pt 36pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;">Ultrapar Participa&#231;&#245;es S.A. (&#8220;Ultrapar&#8221; or &#8220;Company&#8221;) is a publicly-traded company headquartered at the Brigadeiro Luis Ant&#244;nio Avenue, 1343 in the city of S&#227;o Paulo &#8211; SP, Brazil, listed on B3 S.A. &#8211; Brasil, Bolsa, Balc&#227;o (&#8220;B3&#8221;), in the Novo Mercado listing segment under the ticker &#8220;UGPA3&#8221; and on the New York Stock Exchange (&#8220;NYSE&#8221;) in the form of level III American Depositary Receipts (&#8220;ADRs&#8221;) under the ticker &#8220;UGP&#8221;.</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;">The Company engages in the investment of its own capital in services, commercial, and industrial activities, through the subscription or acquisition of shares of other companies. Through its subsidiaries, it operates in the segments of liquefied petroleum gas - LPG distribution (&#8220;Ultragaz&#8221;), fuel distribution and related businesses (&#8220;Ipiranga&#8221;), production and marketing of chemicals (&#8220;Oxiteno&#8221;), and storage services for liquid bulk (&#8220;Ultracargo&#8221;) and retail distribution of pharmaceutical, hygiene, beauty, and skincare products (&#8220;Extrafarma&#8221;). The information about segments are disclosed in Note 32.</font></p>
<p style="margin: 5pt 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="font-style: italic; font-weight: bold;">a.</font><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: normal;">&nbsp;&nbsp;&nbsp; </font><font style="font-style: italic; font-weight: bold; text-decoration: underline;">Clarifications on the Impacts of COVID-19</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;">The World Health Organization (&#8220;WHO&#8221;) declared a coronavirus pandemic (COVID-19) on March 11, 2020. To contain a spread of the virus in Brazil, the Ministry of Health (&#8220;MH&#8221;) and the state governments announced several actions to reduce the agglomeration and movement of people, including the closing of commerce, parks and common areas. In this context, the Company created a Crisis Committee to keep up with it and monitor the main risks and adopt preventive and emergency measures to reduce the pandemic effects.</font></p>
<p style="margin: 5pt 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;">Since the beginning of the crisis, the Company and its subsidiaries have been working on numerous initiatives to ensure the safety of its employees, the stability and continuity of its operations and the financial solidity of the Company. All the activities of the companies controlled by the Company are classified as essential in the context of the measures adopted to face the pandemic, in the terms to Decree No. 10,282/20.</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;">The Company and its subsidiaries quickly adopted the work at home (expressed by home office) for the administrative public, offering all the necessary support for the progress of activities. In addition to basic safety concerns with employees, companies realizes several initiatives aimed at welfare, such as virtual meetings, psychological support and concern for ergonomics, following our principle of valuing people.</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;">Through a multidisciplinary committee, a plan for the gradual resumption of employees from administrative areas to offices was structured, based on the adequacy of their offices through numerous preventive measures and intensification of cleaning and safety, according to the guidelines of the state governments. and municipal.</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;">For the purpose to preserve the commitment to keep their employees in their respective jobs and mitigate the impacts of the crisis, use resources made available by the government, such as reduced working hours and/or wages, suspension of contracts and reorganization of the vacation plan, as required.</font></p>
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<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Notes to the Parent&#8217;s Separate and Consolidated Interim Financial Information</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><br>It is not clear to what extent the quarterly information, after June 30, 2020, may be affected by the commercial, operational and financial impacts of the pandemic, because it will depend on its duration and the impacts on economic activities, as well as government, business in response to the crisis. In this context, some financial risk assessments, projections and impairment tests, in connection with the preparation of this quarterly information, may be impacted by the pandemic, and may adversely affect the financial position of the Company and its subsidiaries.</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; text-decoration: underline;">Operational impacts</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">The restrictions on the movement of people and the operation of certain businesses, significantly impacted economic activity in Brazil.</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;">Ultragaz presented a redution in the volume sold in the bulk segment, because to the lower demand from industries and small and medium-sized companies that were directly impacted by the social isolation measures. However, this effect was compensated by the increase in sales in the bottled segment, due to the higher demand for LPG for residential use. In terms of costs and expenses, Ultragaz incurred additional freight expenses, due to the need to remove LPG on more distant supply bases, protection materials and temporary workers, in addition to numerous donations to hospitals focused in the pandemic&nbsp;and needy communities. There was no record of an increase in defaults in the period.</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;">Ultracargo recorded a lower movement of fuels compared to 1Q20, due to the retraction in demand, and a reduction in spot contracts, which impacted net sales by R$ 8 million. Ultracargo recorded about R$ 2 million in extra expenses with protective materials and donations. The performance of measures to increase productivity and recover tax credits contributed to the improvement in results in the quarter.</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;">At Oxiteno, the paint, automotive and oil &amp; gas segments suffered a retraction in demand, an effect that was partially compensated by the higher sales volume in the Home &amp; Personal Care and Crop Solutions segments. To minimize the effects of the pandemic, Oxiteno's management operated quickly in measures to limit costs and expenses, contributing to an improvement in results.</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;">Ipiranga was the business most impacted by the crisis due to the measures of social distance. In April, volumes sold for the Otto cycle and diesel registered a reduction of 37% and 17%, respectively, compared to the same period of the last year. In May and June, volumes sold improved gradually compared to April. In addition, the strong volatility in the prices of oil and oil products since the end of March, combined with a abrupt fall in the price of ethanol in April, caused significant inventories&nbsp;losses in the quarter. To mitigate these effects, the company and their subsidiaries realized initiatives to contain cash and reduce expenses in several areas, which made it possible to reduce general, administrative and sales expenses by 32% in the annual comparison. The level of default recorded a slight increase and remained at acceptable levels for the period.</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0cm 0cm 0.0001pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font lang="DE"><font style="font-family: 'times new roman', times; font-size: 10pt;">Extrafarma presented a reduction in revenues approximately of R$ 45 million, mainly due to the temporary closure of stores located in malls, and of the reduction of operation hours in stores that remained open. To oppose this effect, sales were implemented through alternative delivery channels and partnerships with delivery applications. In addition, the extension of Provisional Measure 936 by the government, involving the suspension of contracts and temporary reduction in wages, other internal productivity gain initiatives, contributed to the reduction of expenses in the amount of R$ 8 milion, minimizing the impact on the quarter&#8217;s result.</font></font></p>
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<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Notes to the Parent&#8217;s Separate and Consolidated Interim Financial Information</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; text-decoration: underline;"><br>Main risks and associated measures</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;">Credit risk - the subsidiary Ipiranga implemented a help package for Ipiranga resellers, including anticipation of sales credits through the Abastece A&#237; application, postponement of lease and financing payments and temporary suspension of volume performance clauses. These actions softned the impacts of the pandemic on our clients' financial condition and, consequently, mitigated its potential effects on Ipiranga's default rates. The effects of expected losses on doubtful accounts as of and the six-month period ended June 30, 2020 are disclosed in notes 5 and 33.d.</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;">Risk of impairment and intangible assets of indefinite useful life - the Company reviewed the projections used in impairment tests and assets allocated to cash generation units, considering the current impacts of the pandemic. The review did not result in the need for additional recognition of a provision for losses as of June 30, 2020.</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;">Risk of realization of deferred tax assets - the Company reviewed the constitution and realization of deferred tax credits, considering the current revised projections for each business segment due to the pandemic, and did not identify the need for write-offs for the period ended on June 30, 2020.</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Risks in financial instruments - the increase in volatility in financial markets may impact financial results according to sensitivity analyzes presented in note 33.</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;">Liquidity risk - the impact on the volumes of operations and on the results of the Company and its subsidiaries may adversely affect the generation of operating cash. Thus, in order to strengthen the Company's liquidity and cash position, in view of the uncertainty generated by the pandemic, at the end of March and start April 2020, the Company and the subsidiary IPP contracted R$ 1.5 billion in new financing maturing in one year. Of this total, R$ 1.3 billion was obtained through the issuance of promissory notes with credit in April. In addition, as a measure of cash containment, the Company announced in April a reduction of approximately 30% in its investment plan for 2020 and in August, the management opted to not pay interim dividends for the current year. As stated in the Bylaws, the minimum mandatory dividends will be paid after the disclosure of the year's results. </font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><br></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;">In July 2020, the Company reopened bonds issued on the market maturing in 2029 and raised US$ 350 million with a coupon of 5.25% per year. The proceeds will be used to pay debts maturing in the short term, allowing the Company's debt profile to be lengthened, in addition to strengthening its cash position.</font></p>
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<h1 style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="font-weight: bold;">2.</font><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: normal;">&nbsp;&nbsp;&nbsp; </font><font style="font-style: normal; font-weight: bold;">Presentation </font><font style="font-style: normal; font-weight: bold;">of </font><font style="font-style: normal; font-weight: bold;">Interim Financial Information</font><font style="font-style: normal; font-weight: bold;"> and Summary </font><font style="font-style: normal; font-weight: bold;">of Significant Accounting Policies </font></font></h1>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;">The parent&#8217;s separate and consolidated interim financial information (&#8220;interim financial information&#8221;) were prepared in accordance with the International Accounting Standard (&#8220;IAS&#8221;) 34 &#8211; Interim Financial Reporting issued by the International Accounting Standards Board (&#8220;IASB&#8221;) and in accordance with the pronouncement CPC 21 (R1) issued by the Accounting Pronouncements Committee (&#8220;CPC&#8221;) and approved by the Brazilian Securities and Exchange Commission (&#8220;CVM&#8221;).</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;">All relevant specific information of the interim financial information , and only this information, were presented and correspond to that used by the Company&#8217;s and its subsidiaries&#8217; Management.</font></p>
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<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Ultrapar Participa&#231;&#245;es S.A. and Subsidiaries</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Notes to the Parent&#8217;s Separate and Consolidated Interim Financial Information</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(In thousands of Brazilian Reais, unless otherwise stated)<br><br></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;">The presentation currency of the Company&#8217;s interim financial information is the Brazilian Real (&#8220;R$&#8221;), which is the Company&#8217;s functional currency.</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;">The Company and its subsidiaries applied the accounting policies described below in a consistent manner for all periods presented in this interim financial information.</font></p>
<p style="font-size: 8pt; line-height: 115%; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
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<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: justify; widows: 0;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="font-style: italic; font-weight: bold;">a.</font><font style="font-style: italic; font-weight: bold;">&nbsp;</font><font style="font-style: italic; font-weight: bold;">&nbsp;</font></font></p>
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<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: justify; widows: 0;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="font-style: italic; font-weight: bold;">Recognition of </font><font style="font-style: italic; font-weight: bold;">Revenue</font></font></p>
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<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: justify; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: justify; widows: 0;"><font style="font-size: 10pt; font-family: 'times new roman', times;">Revenue of sales and services rendered is measured at the value of the consideration that the Company's subsidiaries expect to be entitled to, net of sales returns, discounts, amortization of contractual assets with customers and other deductions, if applicable, being recognized as the entity fulfills its performance obligation. At Ipiranga, the revenue from sales of fuels and lubricants is recognized when the products are delivered to gas stations and to large consumers. At Ultragaz, revenue from sales of LPG is recognized when the products are delivered to customers at home, to independent dealers and to industrial and commercial customers. At Extrafarma, the revenue from sales of pharmaceuticals is recognized when the products are delivered to end user customers in own drugstores and when the products are delivered to independent resellers. At Oxiteno, the revenue from sales of chemical products is recognized when the products are delivered to industrial customers, depending of the freight mode of delivery. At Ultracargo, the revenue provided from storage services is recognized as services are performed. The breakdowns of revenues from sales and services are shown in Notes 26 and 32.</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;">Amortization of contractual assets with customers for the exclusive rights in Ipiranga&#8217;s reseller service stations and the bonuses paid in performance obligation sales are recognized in the income statement as a deduction of the revenue from sale according to the conditions established in the agreements which is reviewed as per the changes occurred in the agreements (see Notes 2.f and 11).</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;">The am/pm franchising upfront fee received by Ipiranga is deferred and recognized in profit or loss as the entity fulfills its performance obligation throughout the terms of the agreements with the franchisees. For more information, see Note 23.a.</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Deferred revenue from loyalty program is recognized in the income statement when the points are redeemed, on which occasion the costs incurred are also recognized in profit or loss. Deferred revenue of unredeemed points is also recognized in profit or loss when points expire. For more information, see Note 23.b.</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;">Costs of products sold and services provided include goods (mainly fuels, lubricants, LPG, and pharmaceutical products), raw materials (chemicals and petrochemicals) and production, distribution, storage, and fulfillment costs.</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;">Exchange variations and the results of derivative financial instruments are presented in the statement of profit and loss on financial expenses.</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;">Research and development expenses are recognized in the statements of profit or loss in general and administrative expenses and amounted to R$ 28,773 for the six-month period ended June 30, 2020 (R$ 30,654 for the six-month period ended June 30, 2019).&nbsp;</font></p>
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<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><br></font></p>
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<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>19</font></font></td>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><br></font></p>
<ul type="disc" style="margin: 0pt; padding-left: 0pt;">
<li style="font-family: Symbol; font-size: 11pt; line-height: 115%; margin: 0pt 0pt 0pt 10.06pt; padding-left: 11.19pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify; text-indent: 0pt;">
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Ultrapar Participa&#231;&#245;es S.A. and Subsidiaries</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Notes to the Parent&#8217;s Separate and Consolidated Interim Financial Information</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(In thousands of Brazilian Reais, unless otherwise stated)</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
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<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="font-style: italic; font-weight: bold;">b.</font><font style="font-style: italic; font-weight: bold;">&nbsp;</font><font style="font-style: italic; font-weight: bold;">&nbsp;</font></font></p>
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<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="font-style: italic; font-weight: bold;">Cash and </font><font style="font-style: italic; font-weight: bold;">C</font><font style="font-style: italic; font-weight: bold;">ash </font><font style="font-style: italic; font-weight: bold;">E</font><font style="font-style: italic; font-weight: bold;">quivalents</font></font></p>
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<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;">Includes cash, banks deposits, and short-term, highly liquid investments that are readily convertible into a known amount of cash and are subject to an insignificant risk of change in value. For further information on &#8218;cash and cash equivalents of the Company and its subsidiaries, see Note 4.a.</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
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<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: justify; widows: 0;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="font-style: italic; font-weight: bold;">c.</font><font style="font-style: italic; font-weight: bold;">&nbsp;</font><font style="font-style: italic; font-weight: bold;">&nbsp;</font></font></p>
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<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: justify; widows: 0;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="font-style: italic; font-weight: bold;">Financial </font><font style="font-style: italic; font-weight: bold;">Assets</font></font></p>
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<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: justify; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: justify; widows: 0;"><font style="font-size: 10pt; font-family: 'times new roman', times;">The Company and its subsidiaries evaluated the classification and measurement of financial assets based on its business model of financial assets as follows:</font></p>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: justify; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<ul type="disc" style="margin: 0pt; padding-left: 0pt;">
<li style="font-family: Symbol; font-size: 11pt; margin: 0pt 0pt 0pt 10.06pt; orphans: 0; padding-left: 11.24pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify; text-indent: 0pt; widows: 0;"><font style="font-size: 10pt; font-family: 'times new roman', times;">Amortized cost: financial assets held in order to collect contractual cash flows, solely principal and interest. The interest earned and the foreign currency exchange variation are recognized in profit or loss, and balances are stated at acquisition cost plus the interest earned, using the effective interest rate method. Financial investments in guarantee of loans are classified as amortized cost.</font></li>
</ul>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<ul type="disc" style="margin: 0pt; padding-left: 0pt;">
<li style="font-family: Symbol; font-size: 11pt; margin: 0pt 0pt 0pt 10.06pt; padding-left: 11.24pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times;">Measured at fair value through other comprehensive income: financial assets that are acquired or originated for the purpose of collecting contractual cash flows or selling financial assets. The balances are stated at fair value, and the interest earned, and the foreign currency exchange variation are recognized in profit or loss. Differences between fair value and initial amount of financial investments plus the interest earned are recognized in equity in other comprehensive income in the &#8220;Valuation adjustments&#8221;. Accumulated gains and losses recognized in equity are reclassified to profit or loss at the time of their settlement. Substantially the financial investments in Bank Certificates of Deposit (&#8220;CDB&#8221;) and repurchase agreements are classified as measured at fair value through other comprehensive income.</font></li>
</ul>
<p style="margin: 0pt 0pt 0pt 14.2pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<ul type="disc" style="margin: 0pt; padding-left: 0pt;">
<li style="font-family: Symbol; font-size: 11pt; margin: 0pt 0pt 0pt 10.06pt; padding-left: 11.24pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times;">Measured at fair value through profit or loss: financial assets that were not classified as amortized cost or measured at fair value through other comprehensive income. The balances are stated at fair value and both the interest earned and the exchange variations and changes in fair value are recognized in the income statement. Investment funds and derivatives are classified as measured at fair value through profit or loss.</font></li>
</ul>
<p style="margin: 0pt 0pt 0pt 14.2pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt 0pt 0pt 14.2pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp; &nbsp;The Company and its subsidiaries use financial instruments for hedging purposes, applying the concepts described below:</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<ul type="disc" style="margin: 0pt; padding-left: 0pt;">
<li style="font-family: Symbol; font-size: 11pt; line-height: 115%; margin: 0pt 0pt 0pt 10.06pt; padding-left: 11.19pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times;">Hedge accounting - fair value hedge: financial instruments used to hedge exposure to changes in the fair value of an item, attributable to a particular risk, which can affect the entity&#8217;s statements of profit or loss. In the initial designation of the fair value hedge, the relationship between the hedging instrument and the hedged item is documented, including the objectives of risk management, the strategy in conducting the transaction, and the methods to be used to evaluate its effectiveness. Once the fair value hedge has been qualified as effective, the hedge item is also measured at fair value. Gains and losses from hedge instruments and hedge items are recognized in the statements of profit or loss. The hedge accounting must be discontinued when the hedge becomes ineffective.&nbsp;</font></li>
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<font style="font-size: 10pt; font-family: 'times new roman', times;"><br><br></font></li>
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<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>20</font></font></td>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Notes to the Parent&#8217;s Separate and Consolidated Interim Financial Information</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<ul type="disc" style="margin: 0pt; padding-left: 0pt;">
<li style="font-family: Symbol; font-size: 11pt; margin: 0pt 0pt 0pt 10.06pt; orphans: 0; padding-left: 11.19pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify; text-indent: 0pt; widows: 0;"><font style="font-size: 10pt; font-family: 'times new roman', times;">Hedge accounting - cash flow hedge: financial instruments used to hedge the exposure to variability in cash flows that is attributable to a risk associated with an asset or liability or highly probable transaction or firm commitment that may affect the statements of profit or loss. The portion of the gain or loss on the hedging instrument that is determined to be effective relating to the effects of exchange rate effect, is recognized directly in equity in accumulated other comprehensive income as &#8220;Valuation adjustments&#8221; while the ineffective portion is recognized in the statements of profit or loss. Gains or losses on the hedging instrument relating to the effective portion of this hedge that had been recognized directly in accumulated other comprehensive income shall be recognized in profit or loss in the period in which the hedged item is recognized in profit or loss or as initial cost of non- financial assets, in the same line of the statement that the hedged item is recognized. The hedge accounting shall be discontinued when (i) the hedging relationship is canceled; (ii) the hedging instrument expires; and (iii) the hedging instrument no longer qualifies for hedge accounting. When hedge accounting is discontinued, gains and losses recognized in equity in other comprehensive income are reclassified to the statements of profit or loss in the period which the hedged item is recognized in profit or loss. If the transaction hedged is canceled or is not expected to occur, the cumulative gains and losses in equity in other comprehensive income shall be recognized immediately in profit or loss.</font></li>
</ul>
<p style="margin: 0pt 0pt 0pt 14.2pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<ul type="disc" style="margin: 0pt; padding-left: 0pt;">
<li style="font-family: Symbol; font-size: 8pt; margin: 0pt 0pt 0pt 8.68pt; padding-left: 12.62pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times;">Hedge accounting - hedge of net investments in foreign operation: financial instruments used to hedge exposure on net investments in foreign subsidiaries due to the fact that the local functional currency is different from the functional currency of the Company. The portion of the gain or loss on the hedging instrument that is determined to be effective, referring to the exchange rate effect, is recognized directly in equity in accumulated other comprehensive income as cumulative translation adjustments, while the ineffective portion and the operating costs are recognized in the statements of profit or loss. The gain or loss on the hedging instrument that has been recognized directly in accumulated other comprehensive income shall be recognized in the statements of profit or loss when the disposal of the foreign subsidiary occurs.</font></li>
</ul>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;">For further information on financial instruments, see Note 33.</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
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<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="font-style: italic; font-weight: bold;">d.</font><font style="font-style: italic; font-weight: bold;">&nbsp;</font><font style="font-style: italic; font-weight: bold;">&nbsp;</font></font></p>
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<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="font-style: italic; font-weight: bold;">Trade </font><font style="font-style: italic; font-weight: bold;">r</font><font style="font-style: italic; font-weight: bold;">eceivables</font><font style="font-style: italic; font-weight: bold;"> and </font><font style="font-style: italic; font-weight: bold;">r</font><font style="font-style: italic; font-weight: bold;">eseller </font><font style="font-style: italic; font-weight: bold;">f</font><font style="font-style: italic; font-weight: bold;">inancing</font></font></p>
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<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;">Trade receivables are recognized at the amount invoiced of the counterparty that the Company subsidiaries are entitled (see Notes 5 and 33.d.3). The expected losses take into account, (i) at the initial recognition of the contract, the expected losses for the next 12 months or (ii) for the lifetime of the contract when the deterioration or improvement of the customers&#8217; credit quality, considering the customers&#8217; characteristics in each business segment. The amount of the expected credit losses is deemed by management to be sufficient to cover any probable loss on realization of trade receivables.</font></p>
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<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><br></font></p>
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<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>21</font></font></td>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<p style="font-size: 11pt; line-height: 115%; margin: 0pt 0pt 10pt; text-align: justify;"><br></p>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Notes to the Parent&#8217;s Separate and Consolidated Interim Financial Information</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)<br><br></font></p>
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<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="font-style: italic; font-weight: bold;">e.</font><font style="font-style: italic; font-weight: bold;">&nbsp;</font><font style="font-style: italic; font-weight: bold;">&nbsp;</font></font></p>
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<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold;">Inventories</font></p>
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<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;">Inventories are stated at the lower of acquisition cost or net realizable value (see Note 6). The cost value of inventory is measured using the weighted average cost and includes the costs of acquisition and processing directly and indirectly related to the units produced based on the normal capacity of production. Estimates of net realizable value are based on the average selling prices at the end of the reporting period, net of applicable direct selling expenses. Subsequent events related to the fluctuation of prices and costs are also considered, if relevant. If net realizable values are below inventory costs, a provision corresponding to this difference is recognized. Provisions are also made for obsolescence of products, materials, or supplies that (i) do not meet its subsidiaries&#8217; specifications, (ii) have exceeded their expiration date, or (iii) are considered slow-moving inventory. This classification is made by management with the support of its industrial and operations teams.</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
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<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="font-style: italic; font-weight: bold;">f.</font><font style="font-style: italic; font-weight: bold;">&nbsp;</font><font style="font-style: italic; font-weight: bold;">&nbsp;</font></font></p>
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<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="font-style: italic; font-weight: bold;">Contractual assets with customers</font><font style="font-style: italic; font-weight: bold;"> &#8211; exclusive rights</font></font></p>
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<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;">Exclusive rights disbursements as provided in Ipiranga&#8217;s agreements with reseller service stations and major consumers are recognized as contractual assets when paid and amortized according to the conditions established in the agreements (see Note 2.a and 11).</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
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<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="font-style: italic; font-weight: bold;">g</font><font style="font-style: italic; font-weight: bold;">.</font><font style="font-style: italic; font-weight: bold;">&nbsp;</font><font style="font-style: italic; font-weight: bold;">&nbsp;</font></font></p>
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<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold;">Investments</font></p>
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</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;">Investments in subsidiaries are accounted for under the equity method of accounting in the interim financial information of the parent&#8217;s separate company (see Notes 3.b and 12.a). A subsidiary is an investee in which the investor is entitled to variable returns on investment and has the ability to interfere in its financial and operational activities. Usually the equity interest in a subsidiary is more than 50%.</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;">Investments in associates and joint ventures are accounted for under the equity method of accounting in the interim financial information (see Note 12 items b and c). An associate is an investment, in which an investor has significant influence, that is, has the power to participate in the financial and operating decisions of the investee but does not exercise control. A joint venture is an investment in which the shareholders have the right to net assets on behalf of a joint control. Joint control is the agreement, which establish that decisions about the relevant activities of the investee require the consent from the parties that share control.</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;">Other investments are stated at acquisition cost less provision for losses, unless the loss is considered temporary.</font></p>
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<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><br></font></p>
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<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>22</font></font></td>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><br></font></p>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Notes to the Parent&#8217;s Separate and Consolidated Interim Financial Information</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
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<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: justify; widows: 0;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="font-style: italic; font-weight: bold;">h.</font><font style="font-style: italic; font-weight: bold;">&nbsp;</font><font style="font-style: italic; font-weight: bold;">&nbsp;</font></font></p>
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<td style="vertical-align: top; width: 407.25pt;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: justify; widows: 0;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="font-style: italic; font-weight: bold;">Right to Use Assets</font><font style="font-style: italic; font-weight: bold;"> and Lease</font><font style="font-style: italic; font-weight: bold;"> Payable</font></font></p>
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<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: justify; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: justify; widows: 0;"><font style="font-size: 10pt; font-family: 'times new roman', times;">The Company and its subsidiaries recognized in the financial position, a right to use assets and the respective lease liabilities initially measured at the present value of future lease payments, considering the related contract costs (see Note 13). The amortization expenses of right to use assets is recognized in statement of profit or loss over the lease contract term. The Company and its subsidiaries have no intention of purchasing the underlying asset. The liability is increased for interest and decreased by lease payments made. The interests are recognized in the statement of profit or loss using the effective interest rate method. The remeasurement of assets and liabilities based on the contractual index is recognized in the financial position, not having an effect in the result. In case of cancellation of the contract, the assets and respective liabilities are written off to the result, considering, if it is the case, any penalties provided in contractual clauses. The Company and its subsidiaries review the existence of an indication that the rights to use assets may be impaired (see note 2.u).</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;">Right to use assets include amounts related to area port leases grants (see Note 34.c).</font></p>
<p style="font-size: 11pt; line-height: 115%; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;">The Company and its subsidiaries apply the recognition&#8217;s exemptions to short-term leases of 12 months or less, and leases of low amount assets such. In these cases, the recognition of the lease expense in the statements of profit or loss is on a straight-line basis.</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
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<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="font-style: italic; font-weight: bold;">i</font><font style="font-style: italic; font-weight: bold;">.</font><font style="font-style: italic; font-weight: bold;">&nbsp;</font><font style="font-style: italic; font-weight: bold;">&nbsp;</font></font></p>
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<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="font-style: italic; font-weight: bold;">Property, </font><font style="font-style: italic; font-weight: bold;">P</font><font style="font-style: italic; font-weight: bold;">lant</font><font style="font-style: italic; font-weight: bold;">,</font><font style="font-style: italic; font-weight: bold;"> and </font><font style="font-style: italic; font-weight: bold;">E</font><font style="font-style: italic; font-weight: bold;">quipment</font></font></p>
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<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;">Property, plant, and equipment (&#8220;PP&amp;E&#8221;) is recognized at acquisition or construction cost, including financial charges incurred on PP&amp;E under construction, as well as qualifying maintenance costs resulting from scheduled plant outages and estimated costs to remove, to decommission, or to restore assets (see Notes 2.n and 21), less accumulated depreciation and, when applicable, less provision for losses (see Note 14).</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;">Depreciation is calculated using the straight-line method, over the periods mentioned in Note 14, taking into account the estimated useful lives of the assets, which are reviewed annually.</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Leasehold improvements are depreciated over the shorter of the lease contract term and useful life of the property.</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
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<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="font-style: italic; font-weight: bold;">j</font><font style="font-style: italic; font-weight: bold;">.</font><font style="font-style: italic; font-weight: bold;">&nbsp;</font><font style="font-style: italic; font-weight: bold;">&nbsp;</font></font></p>
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<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="font-style: italic; font-weight: bold;">Intangible </font><font style="font-style: italic; font-weight: bold;">A</font><font style="font-style: italic; font-weight: bold;">ssets</font></font></p>
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<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Intangible assets include assets acquired by the Company and its subsidiaries from third parties, according to the criteria below:</font></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
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<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
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<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8226;</font></p>
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<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;">Goodwill is shown as intangible assets corresponding to the positive difference between the amount paid or payable to the seller and the fair value of the identified assets and liabilities assumed of the acquired entity. Goodwill is tested annually for impairment. Goodwill is allocated to the business segments, which represent the lowest level that goodwill is monitored for impairment testing purposes (see Note 15.a).</font></p>
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<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
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<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8226;</font></p>
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<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;">Other intangible assets acquired from third parties, such as software, technology, and commercial property rights, are measured at the total acquisition cost and amortized using straight-line method, over the periods mentioned in Note 15, taking into account their useful lives, which are reviewed annually.</font></p>
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<p style="margin: 0pt; text-align: justify;"><br></p>
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<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>23</font></font></td>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Notes to the Parent&#8217;s Separate and Consolidated Interim Financial Information</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)<br><br></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;">The Company and its subsidiaries have not recognized intangible assets that were generated internally. The Company and its subsidiaries have goodwill and brands acquired in business combinations, which are evaluated as intangible assets with indefinite useful life (see Note 15 items a and e).</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
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<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="font-style: italic; font-weight: bold;">k</font><font style="font-style: italic; font-weight: bold;">.</font><font style="font-style: italic; font-weight: bold;">&nbsp;</font><font style="font-style: italic; font-weight: bold;">&nbsp;</font></font></p>
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<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="font-style: italic; font-weight: bold;">Other </font><font style="font-style: italic; font-weight: bold;">A</font><font style="font-style: italic; font-weight: bold;">ssets</font></font></p>
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</table>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt 0pt 12pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Other assets are stated at the lower of cost and realizable value, including, if applicable, interest earned, monetary changes and changes in exchange rates incurred or less a provision for loss and, if applicable, adjustment to present value.</font></p>
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<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="font-style: italic; font-weight: bold;">l</font><font style="font-style: italic; font-weight: bold;">.</font><font style="font-style: italic; font-weight: bold;">&nbsp;</font><font style="font-style: italic; font-weight: bold;">&nbsp;</font></font></p>
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<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="font-style: italic; font-weight: bold;">Financial </font><font style="font-style: italic; font-weight: bold;">L</font><font style="font-style: italic; font-weight: bold;">iabilities</font></font></p>
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<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;">The financial liabilities include trade payables and other payables, loans, debentures, leases payable and derivative financial instruments. Financial liabilities are classified as &#8220;financial liabilities at fair value through profit or loss&#8221; or &#8220;financial liabilities at amortized cost&#8221;. The financial liabilities at fair value through profit or loss refer to derivative financial instruments, subscription warrants - indemnification, and financial liabilities designated as hedged items in a fair value hedge relationship upon initial recognition (see Note 2.c &#8211; Fair Value Hedge). The financial liabilities at amortized cost are stated at the initial transaction amount plus related charges and net of amortization and transaction costs. The charges are recognized in the statement of profit or loss using the effective interest rate method.</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;">Transaction costs incurred and directly attributable to the activities necessary for contracting loans or for issuing bonds, as well as premiums and discounts upon issuance of debentures and other debt, are allocated to the instrument and amortized in the statement of profit or loss taking into its term,&nbsp;using the effective interest rate method (see Note 16.h).</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
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<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="font-style: italic; font-weight: bold;">m</font><font style="font-style: italic; font-weight: bold;">.</font><font style="font-style: italic; font-weight: bold;">&nbsp;</font><font style="font-style: italic; font-weight: bold;">&nbsp;</font></font></p>
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<td style="vertical-align: top; width: 407.35pt;">
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="font-style: italic; font-weight: bold;">Income and </font><font style="font-style: italic; font-weight: bold;">S</font><font style="font-style: italic; font-weight: bold;">ocial </font><font style="font-style: italic; font-weight: bold;">C</font><font style="font-style: italic; font-weight: bold;">ontribution </font><font style="font-style: italic; font-weight: bold;">T</font><font style="font-style: italic; font-weight: bold;">axes on </font><font style="font-style: italic; font-weight: bold;">I</font><font style="font-style: italic; font-weight: bold;">ncome</font></font></p>
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<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;">Current and deferred income tax (&#8220;IRPJ&#8221;) and social contribution on net income tax (&#8220;CSLL&#8221;) are calculated based on their current rates. For the calculation of current IRPJ, the value of tax incentives is also considered. Taxes are recognized based on the rates of IRPJ and CSLL provided for by the laws enacted on the last day of the interim financial information. The current rates in Brazil are 25% for IRPJ and 9% for CSLL. For further information about recognition and realization of IRPJ and CSLL, see Note 9.</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;">For purposes of disclosure, deferred tax assets were offset against the deferred tax liability, IRPJ and CSLL, in the same taxable entity and the same tax authority.</font></p>
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<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><br></font></p>
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<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>24</font></font></td>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><br></font></p>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Notes to the Parent&#8217;s Separate and Consolidated Interim Financial Information</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font><font style="font-size: 10pt; font-family: 'times new roman', times;"><br></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
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<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: justify; widows: 0;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="font-style: italic; font-weight: bold;">n</font><font style="font-style: italic; font-weight: bold;">.</font><font style="font-style: italic; font-weight: bold;">&nbsp;</font><font style="font-style: italic; font-weight: bold;">&nbsp;</font></font></p>
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<td style="vertical-align: top; width: 407.35pt;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: justify; widows: 0;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="font-style: italic; font-weight: bold;">Provision for </font><font style="font-style: italic; font-weight: bold;">A</font><font style="font-style: italic; font-weight: bold;">sset </font><font style="font-style: italic; font-weight: bold;">R</font><font style="font-style: italic; font-weight: bold;">etrement </font><font style="font-style: italic; font-weight: bold;">O</font><font style="font-style: italic; font-weight: bold;">bligation &#8211; </font><font style="font-style: italic; font-weight: bold;">F</font><font style="font-style: italic; font-weight: bold;">uel </font><font style="font-style: italic; font-weight: bold;">T</font><font style="font-style: italic; font-weight: bold;">anks</font></font></p>
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</table>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: justify; widows: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: justify; widows: 0;"><font style="font-size: 10pt; font-family: 'times new roman', times;">The subsidiary Ipiranga has the legal obligation to remove the underground fuel tanks located at Ipiranga-branded service stations after a certain period. The estimated cost of the obligation to remove these fuel tanks is recognized as a liability when the tanks are installed. The estimated cost is recognized in PP&amp;E and depreciated over the respective useful lives of the tanks. The amounts recognized as a liability accrue interest using the Amplified Consumer Price Index (&#8220;IPCA&#8221;) until the tank is removed (see Note 21). The estimated removal cost is reviewed and updated annually or when there is significant change in its amount and change in the estimated costs are recognized in statements of profit or loss when they become known. An increase in the estimated cost of the obligation to remove the tanks could result in negative impact in future results.</font></p>
<p style="font-size: 8pt; line-height: 115%; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
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<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="font-style: italic; font-weight: bold;">o</font><font style="font-style: italic; font-weight: bold;">.</font><font style="font-style: italic; font-weight: bold;">&nbsp;</font><font style="font-style: italic; font-weight: bold;">&nbsp;</font></font></p>
</td>
<td style="vertical-align: top; width: 407.35pt;">
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="font-style: italic; font-weight: bold;">Provisions for </font><font style="font-style: italic; font-weight: bold;">T</font><font style="font-style: italic; font-weight: bold;">ax, </font><font style="font-style: italic; font-weight: bold;">C</font><font style="font-style: italic; font-weight: bold;">ivil</font><font style="font-style: italic; font-weight: bold;">,</font><font style="font-style: italic; font-weight: bold;"> and </font><font style="font-style: italic; font-weight: bold;">L</font><font style="font-style: italic; font-weight: bold;">abor </font><font style="font-style: italic; font-weight: bold;">R</font><font style="font-style: italic; font-weight: bold;">isks</font></font></p>
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</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;">A provision for tax, civil and labor risks is recognized for quantifiable risks, when the chance of loss is more-likely-than-not in the opinion of management and internal and external legal counsel, and the amounts are recognized based on the evaluation of the outcomes of the legal proceedings (see Note 22).</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
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<td style="vertical-align: top; width: 18pt;">
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="font-style: italic; font-weight: bold;">p</font><font style="font-style: italic; font-weight: bold;">.</font><font style="font-style: italic; font-weight: bold;">&nbsp;</font><font style="font-style: italic; font-weight: bold;">&nbsp;</font></font></p>
</td>
<td style="vertical-align: top; width: 407.35pt;">
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="font-style: italic; font-weight: bold;">Post-</font><font style="font-style: italic; font-weight: bold;">E</font><font style="font-style: italic; font-weight: bold;">mployment </font><font style="font-style: italic; font-weight: bold;">B</font><font style="font-style: italic; font-weight: bold;">enefits</font></font></p>
</td>
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</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;">Post-employment benefits granted and to be granted to employees, retirees, and pensioners are based on an actuarial calculation prepared by an independent actuary and reviewed by management, using the projected unit credit method (see Note 20.b). The actuarial gains and losses are recognized in equity in cumulative other comprehensive income in the &#8220;Valuation adjustments&#8221;.</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
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<tr style="height: 15.45pt;">
<td style="vertical-align: top; width: 18pt;">
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="font-style: italic; font-weight: bold;">q</font><font style="font-style: italic; font-weight: bold;">.</font><font style="font-style: italic; font-weight: bold;">&nbsp;</font><font style="font-style: italic; font-weight: bold;">&nbsp;</font></font></p>
</td>
<td style="vertical-align: top; width: 407.35pt;">
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="font-style: italic; font-weight: bold;">Other </font><font style="font-style: italic; font-weight: bold;">L</font><font style="font-style: italic; font-weight: bold;">iabilities</font></font></p>
</td>
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</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;">Other liabilities are stated at known or measurable amounts and changes in exchange rates incurred. When applicable, other liabilities are recognized at present value, based on interest rates that reflect the term, currency, and risk of each transaction.</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
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<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="font-style: italic; font-weight: bold;">r</font><font style="font-style: italic; font-weight: bold;">.</font><font style="font-style: italic; font-weight: bold;">&nbsp;</font><font style="font-style: italic; font-weight: bold;">&nbsp;</font></font></p>
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<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="font-style: italic; font-weight: bold;">Foreign </font><font style="font-style: italic; font-weight: bold;">C</font><font style="font-style: italic; font-weight: bold;">urrency </font><font style="font-style: italic; font-weight: bold;">T</font><font style="font-style: italic; font-weight: bold;">ransactions</font></font></p>
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<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;">Foreign currency transactions carried out by the Company or its subsidiaries are remeasured into their functional currency at the exchange rate prevailing at the date of each transaction. Outstanding monetary assets and liabilities of the Company and its subsidiaries are translated using the exchange rate at the date of the interim financial information. The effect of the difference between those exchange rates is recognized in financial results until the conclusion of each transaction.<br></font></p>
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<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>25</font></font></td>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><br></font></p>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Notes to the Parent&#8217;s Separate and Consolidated Interim Financial Information</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></p>
<p style="font-size: 11pt; line-height: 115%; margin: 0pt 0pt 10pt; text-align: justify;"><br></p>
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<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="font-style: italic; font-weight: bold;">s</font><font style="font-style: italic; font-weight: bold;">.</font><font style="font-style: italic; font-weight: bold;">&nbsp;</font><font style="font-style: italic; font-weight: bold;">&nbsp;</font></font></p>
</td>
<td style="vertical-align: top; width: 407.35pt;">
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="font-style: italic; font-weight: bold;">Basis for </font><font style="font-style: italic; font-weight: bold;">T</font><font style="font-style: italic; font-weight: bold;">ranslation of</font><font style="font-style: italic; font-weight: bold;"> Interim</font><font style="font-style: italic; font-weight: bold;"> </font><font style="font-style: italic; font-weight: bold;">Financial Information </font><font style="font-style: italic; font-weight: bold;">of </font><font style="font-style: italic; font-weight: bold;">F</font><font style="font-style: italic; font-weight: bold;">oreign </font><font style="font-style: italic; font-weight: bold;">S</font><font style="font-style: italic; font-weight: bold;">ubsidiaries</font></font></p>
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</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold;">s.1. Subsidiaries with administrative autonomy</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;">Assets and liabilities of the foreign subsidiaries, denominated in currencies other than Brazilian Real, which have administrative autonomy, are translated using the exchange rate at the date of the interim financial information. Revenues and expenses are translated using the average exchange rate of each year and equity is translated at the historical exchange rate of each transaction affecting equity. Gains and losses resulting from changes in these foreign investments are directly recognized in equity in cumulative other comprehensive income in the &#8220;cumulative translation adjustments&#8221; and will be recognized in profit or loss if these investments are disposed of. The balance in cumulative other comprehensive income on June 30, 2020 was a gain of R$ 238,549 (gain of R$ 102,427 on December 31, 2019) - see Note 25.g.2.</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">The foreign subsidiaries with functional currency different from the Company and which have administrative autonomy are listed below:</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
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<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold; text-decoration: underline;">Subsidiary</font></p>
</td>
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<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Functional</font><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;"> currency</font></p>
</td>
<td style="vertical-align: bottom;"><br></td>
<td style="vertical-align: bottom; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Location</font></p>
</td>
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<td style="vertical-align: bottom; height: 17px; width: 58%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Oxiteno M&#233;xico S.A. de C.V.</font></p>
</td>
<td style="vertical-align: top; height: 17px; width: 20%; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 9.9pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Mexican Peso</font></p>
</td>
<td style="vertical-align: top; width: 2%; background-color: #cceeff;"><br></td>
<td style="vertical-align: bottom; height: 17px; width: 20%; background-color: #cceeff;">
<p style="margin: 0pt 3.1pt 0pt 9.9pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Mexico</font></p>
</td>
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<td style="vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&nbsp;&nbsp;&nbsp;Oxiteno Servicios Corporativos S.A. de C.V.</font></p>
</td>
<td style="vertical-align: top; height: 17px;">
<p style="margin: 0pt 0pt 0pt 9.9pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Mexican Peso</font></p>
</td>
<td style="vertical-align: top;"><br></td>
<td style="vertical-align: bottom; height: 17px;">
<p style="margin: 0pt 3.1pt 0pt 9.9pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Mexico</font></p>
</td>
</tr>
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<td style="vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&nbsp;&nbsp;&nbsp;Oxiteno Servicios Industriales S.A. de C.V.</font></p>
</td>
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<p style="margin: 0pt 0pt 0pt 9.9pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Mexican Peso</font></p>
</td>
<td style="vertical-align: top; background-color: #cceeff;"><br></td>
<td style="vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 3.1pt 0pt 9.9pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Mexico</font></p>
</td>
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<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&nbsp;&nbsp;&nbsp;Oxiteno USA LLC</font></p>
</td>
<td style="vertical-align: bottom; height: 17px;">
<p style="margin: 0pt 0pt 0pt 9.9pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">U.S. Dollar</font></p>
</td>
<td style="vertical-align: bottom;"><br></td>
<td style="vertical-align: bottom; height: 17px;">
<p style="margin: 0pt 3.1pt 0pt 9.9pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">United States</font></p>
</td>
</tr>
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<td style="vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Oxiteno Uruguay S.A. (i)</font></p>
</td>
<td style="vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 9.9pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">U.S. Dollar</font></p>
</td>
<td style="vertical-align: bottom; background-color: #cceeff;"><br></td>
<td style="vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 3.1pt 0pt 9.9pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Uruguay</font></p>
</td>
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</table>
<p style="margin: 0pt 0pt 0pt 21.3pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 9pt; font-family: 'times new roman', times;">(i) The subsidiary Oxiteno Uruguay S.A. (&#8220;Oxiteno Uruguay&#8221;) determined its functional currency as the U.S. dollar (&#8220;US$&#8221;), as its inventory sales, purchases of raw material inputs, and financing activities are performed substantially in this currency.</font></p>
<p style="font-size: 11pt; line-height: 115%; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="font-style: italic; font-weight: bold;">s.2. Subsidiaries without </font><font style="font-style: italic; font-weight: bold;">self-</font><font style="font-style: italic; font-weight: bold;">administrative autonomy</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;">Assets and liabilities of the other foreign subsidiaries, which do not have administrative autonomy, are considered an extension of the activities of their parent company and are translated using the exchange rate at the date of the interim financial information. Gains and losses resulting from changes in these foreign investments are directly recognized as financial result. The gain recognized in income for the six-month period ended June 30, 2020 amounted to R$ 35,211 (loss of R$ 1,218 for the six-month period ended June 30, 2019).</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
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<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="font-style: italic; font-weight: bold;">t</font><font style="font-style: italic; font-weight: bold;">.</font><font style="font-style: italic; font-weight: bold;">&nbsp;</font><font style="font-style: italic; font-weight: bold;">&nbsp;</font></font></p>
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<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="font-style: italic; font-weight: bold;">Use of </font><font style="font-style: italic; font-weight: bold;">E</font><font style="font-style: italic; font-weight: bold;">stimates, </font><font style="font-style: italic; font-weight: bold;">A</font><font style="font-style: italic; font-weight: bold;">ssumptions and </font><font style="font-style: italic; font-weight: bold;">J</font><font style="font-style: italic; font-weight: bold;">udgments</font></font></p>
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<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;">The preparation of the interim financial information requires the use of estimates, assumptions, and judgments for the accounting and disclosure of certain assets, liabilities, and profit or loss. Therefore, the Company and subsidiaries&#8217; management use the best information available at the date of preparation of the interim financial information, as well as the experience of past and current events, also considering assumptions regarding future events. The estimates and assumptions are reviewed periodically.</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold;">t.1 Judgments</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;">Information on the judgments is included: in the determination of control in subsidiaries (Notes 2.g, 2.s.1, 3 and 12.a), the determination of joint control in joint venture (Notes 2.g, 12.a and 12.b) and the determination of significant influence in associates (Notes 2.g and 12.c).</font></p>
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<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><br></font></p>
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<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>26</font></font></td>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><br></font></p>
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<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Notes to the Parent&#8217;s Separate and Consolidated Interim Financial Information</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)<br></font><br></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="font-style: italic; font-weight: bold;">t.2 Uncertainties </font><font style="font-style: italic; font-weight: bold;">related to the</font><font style="font-style: italic; font-weight: bold;"> assumptions and estimates</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;">The information regarding uncertainties related to the assumptions and estimates are included: in determining the fair value of financial instruments (Notes 2.c, 2.l, 4, 16 and 33), the determination of the expected losses on doubtful accounts (Notes 2.d, 5 and 33.d.3), the determination of provisions for losses of inventories (Notes 2.e and 6), the estimative of realization of deferred IRPJ and CSLL amounts (Notes 2.m and 9.a), the useful lives and discount rate of right to use assets (Notes 2.h and 13), the useful lives of PP&amp;E (Notes 2.i and 14), the useful lives of intangible assets, and the determination of the recoverable amount of goodwill (Notes 2.j and 15.a), provisions for assets retirement obligations (Notes 2.n and 21), provisions for tax, civil, and labor risks (Notes 2.o and 22), estimates for the preparation of actuarial reports (Notes 2.p and 20.b) and the determination of fair value of subscription warrants &#8211; indemnification (Notes 24 and 33.j). The actual result of the transactions and information may differ from their estimates.</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
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<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="font-style: italic; font-weight: bold;">u</font><font style="font-style: italic; font-weight: bold;">.</font><font style="font-style: italic; font-weight: bold;">&nbsp;</font><font style="font-style: italic; font-weight: bold;">&nbsp;</font></font></p>
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<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="font-style: italic; font-weight: bold;">Impairment of </font><font style="font-style: italic; font-weight: bold;">A</font><font style="font-style: italic; font-weight: bold;">ssets</font></font></p>
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<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;">The Company and its subsidiaries review, in every reporting period, the existence of any indication that an asset may be impaired and annually test intangible assets with undefined useful life. If there is an indication of impairment, the Company and its subsidiaries estimate the recoverable amount of the asset. Assets that cannot be evaluated individually are grouped in the smallest group of assets that generate cash inflow from continuous use and that are largely independent of cash flows of other assets (cash generating units &#8220;CGU&#8221;). The recoverable amount of assets or CGUs corresponds to the greater of their fair value net of applicable direct selling costs and their value in use.</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;">The fair value less costs to sell is determined by the price that would be received to sell an asset in an orderly transaction between market participants at the measurement date, net of costs of removing the asset, and direct incremental costs to bring an asset into condition for its sale, legal costs, and taxes.</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;">To assess the value in use, the projections of future cash flows, trends, and outlooks, as well as the effects of obsolescence, demand, competition, and other economic factors were considered. Such cash flows are discounted to their present values &#8203;&#8203;using the discount rate before tax that reflects market conditions for the period of impairment testing and the specific risks of the asset or CGU being evaluated. In cases where the expected discounted future cash flows are less than their carrying amount, an impairment loss is recognized for the amount by which the carrying value exceeds the fair value of these assets. Losses for impairment of assets are recognized in profit or loss. In case goodwill has been allocated to a CGU, the recognized losses are first allocated to reduce the corresponding goodwill. If the goodwill is not enough to absorb such losses, the surplus is allocated to the assets on a pro-rata basis. An impairment of goodwill cannot be reversed. For other assets, impairment losses may be reversed only to the extent that the asset's carrying amount does not exceed the carrying amount that would have been determined, net of depreciation or amortization, if the impairment had not been recognized.</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;">No impairment was recognized for the three-month period ended June 30, 2020 and 2019. On December 31, 2019, the Company recognized an impairment loss for the subsidiary Imifarma Produtos Farmac&#234;uticos e Cosm&#233;ticos S.A. (&#8220;Extrafarma&#8221;) (see Note 15.a).</font></p>
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<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><br></font></p>
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<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>27</font></font></td>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
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<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><br></font></p>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Notes to the Parent&#8217;s Separate and Consolidated Interim Financial Information</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)<br><br></font></p>
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<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="font-style: italic; font-weight: bold;">v.</font><font style="font-style: italic; font-weight: bold;">&nbsp;</font><font style="font-style: italic; font-weight: bold;">&nbsp;</font></font></p>
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<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold;">Business Combination</font></p>
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<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;">A business combination is accounted applying the acquisition method. The cost of the acquisition is measured based on the consideration transferred and to be transferred, measured at fair value at the acquisition date. In a business combination, the assets acquired, and liabilities assumed are measured in order to classify and allocate them accordingly to the contractual terms, economic circumstances and relevant conditions on the acquisition date. The non-controlling interest in the acquire is measured based on its interest in identifiable net assets acquired. Goodwill is measured as the excess of the consideration transferred and to be transferred over the fair value of net assets acquired (identifiable assets and liabilities assumed, net). After the initial recognition, goodwill is measured at cost less any accumulated impairment losses. For impairment testing purposes, goodwill is allocated to the Company&#8217;s operating segments. When the cost of the acquisition is lower than the fair value of net assets acquired, a gain is recognized directly in the statement of profit or loss. Costs related to the acquisition are recorded in the statement of profit or loss when incurred.</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
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<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="font-style: italic; font-weight: bold;">w</font><font style="font-style: italic; font-weight: bold;">.</font><font style="font-style: italic; font-weight: bold;">&nbsp;</font><font style="font-style: italic; font-weight: bold;">&nbsp;</font></font></p>
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<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="font-style: italic; font-weight: bold;">Statements of </font><font style="font-style: italic; font-weight: bold;">V</font><font style="font-style: italic; font-weight: bold;">alue </font><font style="font-style: italic; font-weight: bold;">A</font><font style="font-style: italic; font-weight: bold;">dded</font></font></p>
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<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;">The statements of value added (&#8220;DVA&#8221;) are presented as an integral part of the interim financial information as applicable to publicly traded companies in Brazil and as supplemental information for the IFRS, which does not require the presentation of DVA.</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
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<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="font-style: italic; font-weight: bold;">x.</font><font style="font-style: italic; font-weight: bold;">&nbsp;</font><font style="font-style: italic; font-weight: bold;">&nbsp;</font></font></p>
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<td style="vertical-align: top; width: 407.35pt;">
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="font-style: italic; font-weight: bold;">Statements of Cash Flows</font><font style="font-style: italic; font-weight: bold;"> </font><font style="font-style: italic; font-weight: bold;">Indirect Method</font></font></p>
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<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;">The Company and its subsidiaries present the interest paid on loans, financing, debentures, and leases payable in financing activities and present financial investments on a net basis of income and redemptions in the investing activities.</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
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<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="font-style: italic; font-weight: bold;">y</font><font style="font-style: italic; font-weight: bold;">.</font><font style="font-style: italic; font-weight: bold;">&nbsp;</font><font style="font-style: italic; font-weight: bold;">&nbsp;</font></font></p>
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<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="font-style: italic; font-weight: bold;">Adoption of the </font><font style="font-style: italic; font-weight: bold;">P</font><font style="font-style: italic; font-weight: bold;">ronouncements </font><font style="font-style: italic; font-weight: bold;">I</font><font style="font-style: italic; font-weight: bold;">ssued by CPC and </font><font style="font-style: italic; font-weight: bold;">IASB</font></font></p>
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<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;">There are not standards, amendments and interpretations to IFRS issued by the IASB, which are effective and could have impact in these interim financial information to June 30, 2020.&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
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<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="font-style: italic; font-weight: bold;">z</font><font style="font-style: italic; font-weight: bold;">.</font><font style="font-style: italic; font-weight: bold;">&nbsp;</font><font style="font-style: italic; font-weight: bold;">&nbsp;</font></font></p>
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<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="font-style: italic; font-weight: bold;">Authorization for </font><font style="font-style: italic; font-weight: bold;">I</font><font style="font-style: italic; font-weight: bold;">ssuance of the </font><font style="font-style: italic; font-weight: bold;">Interim </font><font style="font-style: italic; font-weight: bold;">Financial </font><font style="font-style: italic; font-weight: bold;">Information</font></font></p>
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<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;">This interim financial information was authorized for issue by the Board of Directors on August 12, 2020.</font></p>
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<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><br></font></p>
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<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>28</font></font></td>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><br></font></p>
</div><div style="font-family: 'times new roman', times; font-size: 10pt;">
<div style="width: 8.5in; margin: 0 auto;">
<div style="font-family: 'times new roman', times; font-size: 10pt;">
<p style="color: #000000; font-family: 'Times New Roman'; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: -webkit-left; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-style: initial; text-decoration-color: initial; margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</p>
<p style="color: #000000; font-family: 'Times New Roman'; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: -webkit-left; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-style: initial; text-decoration-color: initial; margin-top: 10pt; margin-bottom: 0pt; font-size: 10pt;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Notes to the Parent&#8217;s Separate and Consolidated Interim Financial Information</font></p>
<p style="color: #000000; font-family: 'Times New Roman'; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: -webkit-left; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-style: initial; text-decoration-color: initial; margin-top: 10pt; margin-bottom: 0pt; font-size: 10pt;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</p>
<p style="margin: 0pt; text-align: justify;"><br></p>
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<div style="font-family: 'times new roman', times; font-size: 10pt;">
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<td width="4%" valign="top" align="left" style="width: 2.11937%;"><b>3.</b></td>
<td align="left" valign="top" style="width: 97.8741%;">
<p align="left" style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: 'Times New Roman';"><b>Principles of Consolidation and Investments in Subsidiaries</b></p>
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<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"><br></font></p>
<ol type="a" style="margin: 0pt; padding-left: 0pt;">
<li style="font-family: 'Times New Roman'; font-size: 11pt; font-style: italic; font-weight: bold; list-style-position: inside; margin: 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt;"><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: normal; font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">Principles of Consolidation</font></font></li>
</ol>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">In the preparation of the consolidated </font><font style="font-family: 'Times New Roman';">interim financial information </font><font style="font-family: 'Times New Roman';">the </font><font style="font-family: 'Times New Roman';">i</font><font style="font-family: 'Times New Roman';">nvestments of one company in another, balances of asset and liability accounts</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';"> revenues </font><font style="font-family: 'Times New Roman';">transactions, costs </font><font style="font-family: 'Times New Roman';">and expenses were eliminated, as well as the effects of transactions conducted between the companies. Non-controlling interests in subsidiaries are presented within consolidated equity and net income.</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Consolidation of a subsidiary begins when the </font><font style="font-family: 'Times New Roman';">p</font><font style="font-family: 'Times New Roman';">arent company obtains direct or indirect control over a c</font><font style="font-family: 'Times New Roman';">ompany and ceases when the p</font><font style="font-family: 'Times New Roman';">arent company loses control of a company. Income and expenses of a subsidiary acquired are included in the consolidated </font><font style="font-family: 'Times New Roman';">statement of</font><font style="font-family: 'Times New Roman';"> profit or </font><font style="font-family: 'Times New Roman';">loss and</font><font style="font-family: 'Times New Roman';"> comprehe</font><font style="font-family: 'Times New Roman';">nsive income from the date the p</font><font style="font-family: 'Times New Roman';">arent company gains the control. Income and expenses of a subsidiary</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">in </font><font style="font-family: 'Times New Roman';">which </font><font style="font-family: 'Times New Roman';">the p</font><font style="font-family: 'Times New Roman';">arent company loses control,</font><font style="font-family: 'Times New Roman';"> are included in the consolidated </font><font style="font-family: 'Times New Roman';">statement of</font><font style="font-family: 'Times New Roman';"> profit or </font><font style="font-family: 'Times New Roman';">loss and</font><font style="font-family: 'Times New Roman';"> comprehen</font><font style="font-family: 'Times New Roman';">sive income until the date the p</font><font style="font-family: 'Times New Roman';">arent company loses control. </font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="font-size: 11pt; line-height: 115%; margin: 0pt 0pt 10pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">When necessary, adjustments are made to the </font><font style="font-family: 'Times New Roman';">interim</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">financial information </font><font style="font-family: 'Times New Roman';">of </font><font style="font-family: 'Times New Roman';">subsidiaries to bring their accounting policies into line with the Company&#8217;s accounting policies. </font></font></p>
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<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>29</font></font></td>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<p style="color: #000000; font-family: 'Times New Roman'; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: -webkit-left; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-style: initial; text-decoration-color: initial; margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><br></p>
<div style="width: 8.5in; margin: 0 auto;">
<p style="color: #000000; font-family: 'Times New Roman'; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: -webkit-left; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-style: initial; text-decoration-color: initial; margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;">Ultrapar Participa&#231;&#245;es S.A. and Subsidiaries</p>
<p style="color: #000000; font-family: 'Times New Roman'; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: -webkit-left; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-style: initial; text-decoration-color: initial; margin-top: 10pt; margin-bottom: 0pt; font-size: 10pt;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Notes to the Parent&#8217;s Separate and Consolidated Interim Financial Information</font></p>
<p style="color: #000000; font-family: 'Times New Roman'; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: -webkit-left; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-style: initial; text-decoration-color: initial; margin-top: 10pt; margin-bottom: 0pt; font-size: 10pt;">(In thousands of Brazilian Reais, unless otherwise stated)&nbsp;</p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;</font></p>
<ol start="2" type="a" style="margin: 0pt; padding-left: 0pt;">
<li style="font-family: 'Times New Roman'; font-size: 11pt; font-style: italic; font-weight: bold; line-height: 115%; list-style-position: inside; margin: 0pt 0pt 6pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">Investments in Subsidiaries</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;"> </font></font></li>
</ol>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The consolidated </font><font style="font-family: 'Times New Roman';">interim financial information </font><font style="font-family: 'Times New Roman';">include</font><font style="font-family: 'Times New Roman';">s</font><font style="font-family: 'Times New Roman';"> the following direct and indirect subsidiaries:</font></font><font style="font-family: 'Times New Roman'; font-size: 11pt;">&nbsp;</font></p>
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<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 44.96%; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 13.04%; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 10.26%; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
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<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 1.3%; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
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<td colspan="7" style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 30.8855%; border-bottom: 1pt solid #000000; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">% interest in the share</font></p>
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<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 44.96%; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 13.04%; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 10.26%; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
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<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 1.3%; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
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<td colspan="3" style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 14.9455%; border-bottom: 1pt solid #000000; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">0</font><font style="font-family: 'Times New Roman'; font-weight: bold;">6</font><font style="font-family: 'Times New Roman'; font-weight: bold;">/3</font><font style="font-family: 'Times New Roman'; font-weight: bold;">0</font><font style="font-family: 'Times New Roman'; font-weight: bold;">/2020</font></font></p>
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<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 0.78%; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td colspan="3" style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 15.16%; border-bottom: 1pt solid #000000; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">12/31/2019</font></p>
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<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 44.96%; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 13.04%; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 10.26%; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 1.3%; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
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<td colspan="3" style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 14.9455%; border-bottom: 1pt solid #000000; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Control</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 0.78%; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
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<td colspan="3" style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 15.16%; border-bottom: 1pt solid #000000; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Control</font></p>
</td>
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<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 44.96%; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 13.04%; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Location</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 10.26%; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Segment</font></p>
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<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 1.3%; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
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<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 5.78%; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Direct</font></p>
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<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 1.22549%; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
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<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 7.94%; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Indirect</font></p>
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<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 0.78%; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 6.48%; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Direct</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 0.78%; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 7.9%; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Indirect</font></p>
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<tr style="margin-left: 0.1px; height: 10px;">
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 44.96%; background-color: #cceeff; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ipiranga Produtos de Petr&#243;leo S.A.</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 13.04%; background-color: #cceeff; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Brazil</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 10.26%; background-color: #cceeff; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ipiranga</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 1.3%; background-color: #cceeff; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 5.78%; background-color: #cceeff; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 1.22549%; background-color: #cceeff; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 7.94%; background-color: #cceeff; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 0.78%; background-color: #cceeff; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 6.48%; background-color: #cceeff; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 0.78%; background-color: #cceeff; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 7.9%; background-color: #cceeff; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
</tr>
<tr style="margin-left: 0.1px; height: 10px;">
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 44.96%; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: justify; text-indent: 12pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">am/pm Comest&#237;veis Ltda.</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 13.04%; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Brazil</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 10.26%; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ipiranga</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 1.3%; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 5.78%; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 1.22549%; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 7.94%; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 0.78%; margin-left: 0.1px; height: 10px;">
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<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">56</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 0.78%; background-color: #cceeff; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 6.48%; background-color: #cceeff; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 0.78%; background-color: #cceeff; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 7.9%; background-color: #cceeff; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">56</font></p>
</td>
</tr>
<tr style="margin-left: 0.1px; height: 10px;">
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 44.96%; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: justify; text-indent: 12pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Integra Frotas Ltda. </font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 13.04%; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Brazil</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 10.26%; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ipiranga</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 1.3%; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 5.78%; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 1.22549%; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 7.94%; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 0.78%; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 6.48%; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 0.78%; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 7.9%; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
</tr>
<tr style="margin-left: 0.1px; height: 10px;">
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 44.96%; background-color: #cceeff; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: justify; text-indent: 12pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Companhia Ultragaz S.A.</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 13.04%; background-color: #cceeff; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Brazil</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 10.26%; background-color: #cceeff; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ultragaz</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 1.3%; background-color: #cceeff; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 5.78%; background-color: #cceeff; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 1.22549%; background-color: #cceeff; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 7.94%; background-color: #cceeff; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">99</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 0.78%; background-color: #cceeff; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 6.48%; background-color: #cceeff; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 0.78%; background-color: #cceeff; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 7.9%; background-color: #cceeff; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">99</font></p>
</td>
</tr>
<tr style="margin-left: 0.1px; height: 10px;">
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 44.96%; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: justify; text-indent: 28.45pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ultragaz Comercial Ltda. </font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 13.04%; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Brazil</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 10.26%; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ultragaz</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 1.3%; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 5.78%; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 1.22549%; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 7.94%; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 0.78%; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 6.48%; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 0.78%; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 7.9%; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
</tr>
<tr style="margin-left: 0.1px; height: 10px;">
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 44.96%; background-color: #cceeff; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: justify; text-indent: 28.45pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Nova Paran&#225; Distribuidora de G&#225;s Ltda.<font style="font-size: 7pt;"> <sup>(1)</sup></font></font></font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 13.04%; background-color: #cceeff; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Brazil</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 10.26%; background-color: #cceeff; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ultragaz</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 1.3%; background-color: #cceeff; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 5.78%; background-color: #cceeff; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 1.22549%; background-color: #cceeff; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 7.94%; background-color: #cceeff; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 0.78%; background-color: #cceeff; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 6.48%; background-color: #cceeff; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 0.78%; background-color: #cceeff; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 7.9%; background-color: #cceeff; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
</tr>
<tr style="margin-left: 0.1px; height: 10px;">
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 44.96%; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: justify; text-indent: 12pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Bahiana Distribuidora de G&#225;s Ltda.</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 13.04%; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Brazil</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 10.26%; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ultragaz</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 1.3%; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 5.78%; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 1.22549%; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 7.94%; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 0.78%; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 6.48%; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 0.78%; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 7.9%; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
</tr>
<tr style="margin-left: 0.1px; height: 10px;">
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 44.96%; background-color: #cceeff; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: justify; text-indent: 12pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Uting&#225;s Armazenadora S</font><font style="font-family: 'Times New Roman';">.A.</font></font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 13.04%; background-color: #cceeff; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Brazil</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 10.26%; background-color: #cceeff; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ultragaz</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 1.3%; background-color: #cceeff; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 5.78%; background-color: #cceeff; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 1.22549%; background-color: #cceeff; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 7.94%; background-color: #cceeff; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">57</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 0.78%; background-color: #cceeff; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 6.48%; background-color: #cceeff; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 0.78%; background-color: #cceeff; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 7.9%; background-color: #cceeff; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">57</font></p>
</td>
</tr>
<tr style="margin-left: 0.1px; height: 10px;">
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 44.96%; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: justify; text-indent: 12pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">LPG International Inc.</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 13.04%; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt 0pt 0pt 3.55pt; text-align: center; text-indent: -3.55pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Cayman Islands</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 10.26%; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ultragaz</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 1.3%; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 5.78%; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 1.22549%; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 7.94%; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 0.78%; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 6.48%; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 0.78%; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 7.9%; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
</tr>
<tr style="margin-left: 0.1px; height: 10px;">
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 44.96%; background-color: #cceeff; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: justify; text-indent: 12pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Imaven Im&#243;veis Ltda.</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 13.04%; background-color: #cceeff; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Brazil</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 10.26%; background-color: #cceeff; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Others</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 1.3%; background-color: #cceeff; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 5.78%; background-color: #cceeff; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 1.22549%; background-color: #cceeff; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 7.94%; background-color: #cceeff; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 0.78%; background-color: #cceeff; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 6.48%; background-color: #cceeff; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 0.78%; background-color: #cceeff; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 7.9%; background-color: #cceeff; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
</tr>
<tr style="margin-left: 0.1px; height: 10px;">
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 44.96%; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: justify; text-indent: 12pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Imifarma Produtos Farmac&#234;uticos e Cosm&#233;ticos S.A. </font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 13.04%; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Brazil</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 10.26%; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Extrafarma</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 1.3%; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 5.78%; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 1.22549%; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 7.94%; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 0.78%; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 6.48%; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 0.78%; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 7.9%; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
</tr>
<tr style="margin-left: 0.1px; height: 10px;">
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: middle; width: 44.96%; background-color: #cceeff; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: justify; text-indent: 12pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">L.I.Z.S.P.E. Empreendimentos e Participa&#231;&#245;es Ltda.<font style="font-size: 7pt;"> <sup>(2)</sup></font></font></font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: middle; width: 13.04%; background-color: #cceeff; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Braz</font><font style="font-family: 'Times New Roman';">il</font></font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: middle; width: 10.26%; background-color: #cceeff; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"><font style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: center; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Others</font><br></font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 1.3%; background-color: #cceeff; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 5.78%; background-color: #cceeff; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 1.22549%; background-color: #cceeff; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 7.94%; background-color: #cceeff; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">99</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 0.78%; background-color: #cceeff; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 6.48%; background-color: #cceeff; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 0.78%; background-color: #cceeff; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 7.9%; background-color: #cceeff; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
</tr>
<tr style="margin-left: 0.1px; height: 10px;">
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 44.96%; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Centro de Conveni&#234;ncias Millennium Ltda.</font><font style="font-family: 'Times New Roman'; font-size: 7pt;">&nbsp;<sup>(3)</sup></font></font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 13.04%; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Brazil</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 10.26%; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ipiranga</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 1.3%; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 5.78%; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 1.22549%; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 7.94%; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 0.78%; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 6.48%; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 0.78%; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 7.9%; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
</tr>
<tr style="margin-left: 0.1px; height: 10px;">
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: middle; width: 44.96%; background-color: #cceeff; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">&nbsp; </font><font style="font-family: 'Times New Roman';">Abastecedora de Combust&#237;veis Clara LTDA<font style="font-size: 7pt;">&nbsp;<sup>(4)</sup></font></font></font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: middle; width: 13.04%; background-color: #cceeff; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Bra</font><font style="font-family: 'Times New Roman';">z</font><font style="font-family: 'Times New Roman';">il</font></font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: middle; width: 10.26%; background-color: #cceeff; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"><font style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: center; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Others</font><br></font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: middle; width: 1.3%; background-color: #cceeff; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: middle; width: 5.78%; background-color: #cceeff; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: middle; width: 1.22549%; background-color: #cceeff; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: middle; width: 7.94%; background-color: #cceeff; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: middle; width: 0.78%; background-color: #cceeff; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: middle; width: 6.48%; background-color: #cceeff; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: middle; width: 0.78%; background-color: #cceeff; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: middle; width: 7.9%; background-color: #cceeff; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
</tr>
<tr style="margin-left: 0.1px; height: 10px;">
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: middle; width: 44.96%; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">&nbsp; </font><font style="font-family: 'Times New Roman';">Abastecedora de Combust&#237;veis Neiva LTDA<font style="font-size: 7pt;">&nbsp;<sup>(4)</sup></font></font></font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: middle; width: 13.04%; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Bra</font><font style="font-family: 'Times New Roman';">z</font><font style="font-family: 'Times New Roman';">il</font></font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: middle; width: 10.26%; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"><font style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: center; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Others</font><br></font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: middle; width: 1.3%; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: middle; width: 5.78%; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: middle; width: 1.22549%; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: middle; width: 7.94%; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: middle; width: 0.78%; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: middle; width: 6.48%; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: middle; width: 0.78%; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: middle; width: 7.9%; margin-left: 0.1px; height: 10px;">
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<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 1.22549%; background-color: #cceeff; margin-left: 0.1px; height: 10px;">
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<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
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<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
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<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
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<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 0.78%; background-color: #cceeff; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 7.9%; background-color: #cceeff; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
</tr>
<tr style="margin-left: 0.1px; height: 10px;">
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 44.96%; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: justify; text-indent: 28.45pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Oxiteno USA LLC</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 13.04%; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">United States</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 10.26%; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Oxiteno</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 1.3%; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 5.78%; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 1.22549%; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 7.94%; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 0.78%; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 6.48%; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 0.78%; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 7.9%; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
</tr>
<tr style="margin-left: 0.1px; height: 10px;">
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 44.96%; background-color: #cceeff; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: justify; text-indent: 12pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Global Petroleum Products Trading Corp.</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 13.04%; background-color: #cceeff; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Virgin Islands</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 10.26%; background-color: #cceeff; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Oxiteno</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 1.3%; background-color: #cceeff; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 5.78%; background-color: #cceeff; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 1.22549%; background-color: #cceeff; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 7.94%; background-color: #cceeff; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 0.78%; background-color: #cceeff; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 6.48%; background-color: #cceeff; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 0.78%; background-color: #cceeff; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 7.9%; background-color: #cceeff; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
</tr>
<tr style="margin-left: 0.1px; height: 10px;">
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 44.96%; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: justify; text-indent: 12pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Oxiteno Europe SPRL</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 13.04%; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Belgium</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 10.26%; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Oxiteno</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 1.3%; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 5.78%; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 1.22549%; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 7.94%; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 0.78%; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 6.48%; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 0.78%; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 7.9%; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
</tr>
<tr style="margin-left: 0.1px; height: 10px;">
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 44.96%; background-color: #cceeff; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: justify; text-indent: 12pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Oxiteno Colombia S.A.S</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 13.04%; background-color: #cceeff; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Colombia</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 10.26%; background-color: #cceeff; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Oxiteno</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 1.3%; background-color: #cceeff; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 5.78%; background-color: #cceeff; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 1.22549%; background-color: #cceeff; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 7.94%; background-color: #cceeff; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 0.78%; background-color: #cceeff; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 6.48%; background-color: #cceeff; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 0.78%; background-color: #cceeff; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 7.9%; background-color: #cceeff; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
</tr>
<tr style="margin-left: 0.1px; height: 10px;">
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 44.96%; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: justify; text-indent: 12pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Oxiteno Shanghai LTD.</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 13.04%; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">China</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 10.26%; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Oxiteno</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 1.3%; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 5.78%; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 1.22549%; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 7.94%; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 0.78%; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 6.48%; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 0.78%; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 7.9%; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
</tr>
<tr style="margin-left: 0.1px; height: 10px;">
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 44.96%; background-color: #cceeff; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: justify; text-indent: 12pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Empresa Carioca de Produtos Qu&#237;micos S.A.</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 13.04%; background-color: #cceeff; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Brazil</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 10.26%; background-color: #cceeff; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Oxiteno</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 1.3%; background-color: #cceeff; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 5.78%; background-color: #cceeff; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 1.22549%; background-color: #cceeff; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 7.94%; background-color: #cceeff; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 0.78%; background-color: #cceeff; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
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<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 6.48%; background-color: #cceeff; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 0.78%; background-color: #cceeff; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
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<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 7.9%; background-color: #cceeff; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
</tr>
<tr style="margin-left: 0.1px; height: 10px;">
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 44.96%; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ultracargo - Opera&#231;&#245;es Log&#237;sticas e Participa&#231;&#245;es Ltda.</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 13.04%; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Brazil</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 10.26%; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ultracargo</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 1.3%; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 5.78%; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 1.22549%; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 7.94%; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 0.78%; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 6.48%; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 0.78%; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 7.9%; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
</tr>
<tr style="margin-left: 0.1px; height: 10px;">
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 44.96%; background-color: #cceeff; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: justify; text-indent: 12pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Terminal Qu&#237;mico de Aratu S.A. &#8211; Tequimar</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 13.04%; background-color: #cceeff; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Brazil</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 10.26%; background-color: #cceeff; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ultracargo</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 1.3%; background-color: #cceeff; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 5.78%; background-color: #cceeff; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 1.22549%; background-color: #cceeff; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 7.94%; background-color: #cceeff; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">99</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 0.78%; background-color: #cceeff; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 6.48%; background-color: #cceeff; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 0.78%; background-color: #cceeff; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 7.9%; background-color: #cceeff; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">99</font></p>
</td>
</tr>
<tr style="margin-left: 0.1px; height: 10px;">
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 44.96%; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt 0pt 0pt 18.7pt; text-align: justify; text-indent: -4.5pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">TEAS &#8211; Terminal Exportador de &#193;lcool de Santos Ltda.</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 13.04%; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Brazil</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 10.26%; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ultracargo</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 1.3%; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 5.78%; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 1.22549%; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 7.94%; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 0.78%; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 6.48%; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 0.78%; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 7.9%; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
</tr>
<tr style="margin-left: 0.1px; height: 10px;">
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 44.96%; background-color: #cceeff; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt 0pt 0pt 18.7pt; text-align: justify; text-indent: -4.5pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Tequimar Vila do Conde Log&#237;stica Portu&#225;ria S.A.</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 13.04%; background-color: #cceeff; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Brazil</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 10.26%; background-color: #cceeff; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ultracargo</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 1.3%; background-color: #cceeff; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 5.78%; background-color: #cceeff; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 1.22549%; background-color: #cceeff; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 7.94%; background-color: #cceeff; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 0.78%; background-color: #cceeff; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 6.48%; background-color: #cceeff; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 0.78%; background-color: #cceeff; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 7.9%; background-color: #cceeff; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
</tr>
<tr style="margin-left: 0.1px; height: 10px;">
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 44.96%; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ultrapar International S.A.</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 13.04%; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Luxembourg</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 10.26%; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Others</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 1.3%; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 5.78%; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 1.22549%; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 7.94%; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 0.78%; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 6.48%; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 0.78%; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 7.9%; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
</tr>
<tr style="margin-left: 0.1px; height: 10px;">
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 44.96%; background-color: #cceeff; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">SERMA - Ass. dos usu&#225;rios equip. proc. de dados</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 13.04%; background-color: #cceeff; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Brazil</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 10.26%; background-color: #cceeff; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Others</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 1.3%; background-color: #cceeff; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 5.78%; background-color: #cceeff; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 1.22549%; background-color: #cceeff; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 7.94%; background-color: #cceeff; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 0.78%; background-color: #cceeff; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 6.48%; background-color: #cceeff; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 0.78%; background-color: #cceeff; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 7.9%; background-color: #cceeff; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
</tr>
<tr style="margin-left: 0.1px; height: 10px;">
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: middle; width: 44.96%; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">UVC - Fundo de investimento em participa&#231;&#245;es multiestrat&#233;gia investimento no exterior <font style="font-size: 7pt;"><sup>(5)</sup></font></font></font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 13.04%; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Bra</font><font style="font-family: 'Times New Roman';">z</font><font style="font-family: 'Times New Roman';">il</font></font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 10.26%; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Others</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 1.3%; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 5.78%; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 1.22549%; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 7.94%; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 0.78%; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 6.48%; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 0.78%; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 1.4pt; padding-right: 1.4pt; vertical-align: bottom; width: 7.9%; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 6pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1.1;"><font style="font-size: 9pt; line-height: inherit;"><font style="font-family: 'Times New Roman'; line-height: inherit;">The percentages in the table above are rounded</font><font style="font-family: 'Times New Roman'; line-height: inherit;">.&nbsp;</font></font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1.1;"><font style="font-size: 9pt; line-height: inherit;"><sub><font style="font-family: 'Times New Roman'; vertical-align: super; line-height: inherit;">(1) </font></sub><font style="font-family: 'Times New Roman'; line-height: inherit;">Non operating company in closing phase</font><font style="font-family: 'Times New Roman'; line-height: inherit;">.</font></font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1.1;"><font style="font-size: 9pt; line-height: inherit;"><sub><font style="font-family: 'Times New Roman'; vertical-align: super; line-height: inherit;">(</font><font style="font-family: 'Times New Roman'; vertical-align: super; line-height: inherit;">2</font><font style="font-family: 'Times New Roman'; vertical-align: super; line-height: inherit;">) </font></sub><font style="font-family: 'Times New Roman'; line-height: inherit;">Company </font><font style="font-family: 'Times New Roman'; line-height: inherit;">constituted</font><font style="font-family: 'Times New Roman'; line-height: inherit;"> on </font><font style="font-family: 'Times New Roman'; line-height: inherit;">January</font><font style="font-family: 'Times New Roman'; line-height: inherit;"> 20</font><font style="font-family: 'Times New Roman'; line-height: inherit;">20, the L.I.Z.P.E has as finality the consulting in valuation, business management, economic and financial </font><font style="font-family: 'Times New Roman'; line-height: inherit;">advisory</font><font style="font-family: 'Times New Roman'; line-height: inherit;">, among other.</font></font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1.1;"><font style="font-size: 9pt; line-height: inherit;"><sub><font style="font-family: 'Times New Roman'; vertical-align: super; line-height: inherit;">(3</font><font style="font-family: 'Times New Roman'; vertical-align: super; line-height: inherit;">) </font></sub><font style="font-family: 'Times New Roman'; line-height: inherit;">Change in the participation of the capital of the company Millenium.</font></font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1.1;"><font style="font-size: 9pt; line-height: inherit;"><sub><font style="font-family: 'Times New Roman'; vertical-align: super; line-height: inherit;">(4</font></sub><font style="font-family: 'Times New Roman'; vertical-align: super; line-height: inherit;"><sub>)</sub> </font><font style="font-family: 'Times New Roman'; line-height: inherit;">Companies incorporated in May 2020, the fuel suppliers Clara and Neiva are engaged in the sale of liquid fuels, Compressed Natural Gas (CNG), lubricants and new parts and accessories for vehicles.</font></font></p>
<p style="margin: 0pt; text-align: justify; line-height: 1.1;"><font style="font-size: 9pt; line-height: inherit;"><sub><font style="font-family: 'Times New Roman'; vertical-align: super; line-height: inherit;">(5</font><font style="font-family: 'Times New Roman'; vertical-align: super; line-height: inherit;">) </font></sub><font style="font-family: 'Times New Roman'; line-height: inherit;">F</font><font style="font-family: 'Times New Roman'; line-height: inherit;">und constituted</font><font style="font-family: 'Times New Roman'; line-height: inherit;"> on January 2020, the UVC has as purpose to provide capital resources for disruptive technological initiatives that are related to the Company&#8217;s business lines.</font></font></p>
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<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>30</font></font></td>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
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<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Ultrapar&nbsp;Participa&#231;&#245;es&nbsp;S.A. and Subsidiaries</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;">Notes to the Parent&#8217;s Separate and Consolidated Interim Financial Information<br></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(In thousands of Brazilian&nbsp;Reais, unless otherwise stated)&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><br></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-weight: bold;">4. Cash and Cash Equivalents, Financial Investments and Hedge Derivative Financial Instruments</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-weight: bold;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Cash equivalents and financial investments, excluding cash and bank deposits, are substantially represented by investments: (i) in Brazil, in certificates of deposit of financial institutions linked to </font><font style="font-family: 'Times New Roman';">interest rate of </font><font style="font-family: 'Times New Roman';">the </font><font style="font-family: 'Times New Roman';">Interbank Deposit</font><font style="font-family: 'Times New Roman';">s</font><font style="font-family: 'Times New Roman';"> Interest Rate</font><font style="font-family: 'Times New Roman';"> (&#8220;DI&#8221;)</font><font style="font-family: 'Times New Roman';">, in </font><font style="font-family: 'Times New Roman';">repurchase agreement</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';"> financial bills,</font><font style="font-family: 'Times New Roman';"> and in short term investments funds, whose portfolio comprised of Brazilian Federal Government bonds</font><font style="font-family: 'Times New Roman';"> and in certificates of deposit of financial institutions</font><font style="font-family: 'Times New Roman';">; (ii) outside Brazil, in certificates of deposit of financial institutions</font><font style="font-family: 'Times New Roman';"> and in short</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">term investments funds, </font><font style="font-family: 'Times New Roman';">whose portfolio compris</font><font style="font-family: 'Times New Roman';">ed of </font><font style="font-family: 'Times New Roman';">F</font><font style="font-family: 'Times New Roman';">ederal </font><font style="font-family: 'Times New Roman';">G</font><font style="font-family: 'Times New Roman';">overnment </font><font style="font-family: 'Times New Roman';">bond</font><font style="font-family: 'Times New Roman';">s</font><font style="font-family: 'Times New Roman';">; and (iii) in currency and interest rate hedging instruments.&nbsp;</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The financial assets were classified in Note </font><font style="font-family: 'Times New Roman';">3</font><font style="font-family: 'Times New Roman';">3</font><font style="font-family: 'Times New Roman';">.j</font><font style="font-family: 'Times New Roman';">, </font><font style="font-family: 'Times New Roman';">based on business model of financial assets</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">of the Company and its subsidiaries.</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Cash, cash equivalents and financial investments (</font><font style="font-family: 'Times New Roman';">c</font><font style="font-family: 'Times New Roman';">onsolidated) </font><font style="font-family: 'Times New Roman';">amounted </font><font style="font-family: 'Times New Roman';">to </font><font style="font-family: 'Times New Roman';">R$ </font><font style="font-family: 'Times New Roman';">8,447,523</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">as of </font><font style="font-family: 'Times New Roman';">June</font><font style="font-family: 'Times New Roman';"> 3</font><font style="font-family: 'Times New Roman';">0</font><font style="font-family: 'Times New Roman';">, </font><font style="font-family: 'Times New Roman';">20</font><font style="font-family: 'Times New Roman';">20</font><font style="font-family: 'Times New Roman';"> (</font><font style="font-family: 'Times New Roman';">R$ </font><font style="font-family: 'Times New Roman';">5,712,097</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">as of December 31, 201</font><font style="font-family: 'Times New Roman';">9</font><font style="font-family: 'Times New Roman';">)</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">are as follows:</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold;">a. Cash and Cash Equivalents</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Cash and cash equivalents </font><font style="font-family: 'Times New Roman';">of the Company and its subsidiaries are </font><font style="font-family: 'Times New Roman';">presented</font><font style="font-family: 'Times New Roman';"> as follows:</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
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<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
</td>
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<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Parent</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
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<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Consolidated</font></p>
</td>
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<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">06/30/2020</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">12/31/2019</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">06/30/2020</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">12/31/2019</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; width: 54%; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Cash and bank deposits</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; width: 10%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; width: 2%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; width: 10%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; width: 2%; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: middle; height: 10px; width: 10%; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; width: 2%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; width: 10%; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">In local currency</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,163</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">381</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">148,462</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">182,237</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">In foreign currency</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">104,968</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">102,755</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Financial investments considered cash equivalents</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">In local currency</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt 0pt 0pt 20pt; text-indent: 0.75pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Fixed-income securities</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,014,269</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">42,199</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,506,924</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,780,939</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">In foreign currency</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt 0pt 0pt 20pt; text-indent: 0.75pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Fixed-income securities</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">44,837</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">49,448</font></p>
</td>
</tr>
<tr style="height: 18px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Total cash and cash equivalents</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,015,432</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">42,580</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,805,191</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,115,379</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><br></p>
</div>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>31</font></font></td>
</tr>

</table>
<hr style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Ultrapar&nbsp;Participa&#231;&#245;es&nbsp;S.A. and Subsidiaries</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;">Notes to the Parent&#8217;s Separate and Consolidated Interim Financial Information</p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(In thousands of Brazilian&nbsp;Reais, unless otherwise stated)</font></p>
<p style="margin: 0pt; text-align: justify;"><br></p>
<p style="font-size: 11pt; line-height: 115%; margin: 0pt 0pt 10pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">b. Financial Investments</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;"> and</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;"> </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">Currency and Interest Rate Hedging Instruments</font></font><br></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The financial investments</font><font style="font-family: 'Times New Roman';">, which are not classified as cash and cash equivalents,</font><font style="font-family: 'Times New Roman';"> are </font><font style="font-family: 'Times New Roman';">presented</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">as follows:</font></font></p>
<p style="margin: 0pt; text-align: justify;"><br></p>
<table cellspacing="0" cellpadding="0" style="height: 0px; border-collapse: collapse; margin-left: auto; font-family: 'times new roman'; font-size: 10pt; width: 92%; margin-right: auto;" width="92%">

<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td colspan="3" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Parent</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td colspan="3" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Consolidated</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">06/30/2020</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">12/31/2019</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">06/30/2020</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">12/31/2019</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; width: 54%; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Financial investments</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; width: 10%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; width: 2%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; width: 10%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; width: 2%; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; width: 10%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; width: 2%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; width: 10%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">In local currency</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 20pt; text-indent: 0.75pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Fixed-income securities and funds</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">53,101</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">95,829</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,417,220</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,610,686</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">In foreign currency</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 20pt; text-indent: 0.75pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Fixed-income securities and funds</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">816,792</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">303,417</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Currency and interest rate hedging instruments (a)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,408,320</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">682,615</font></p>
</td>
</tr>
<tr style="height: 18px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Total financial investments</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">53,101</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">95,829</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4,642,332</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,596,718</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Current</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">53,101</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">95,829</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,174,857</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,090,212</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Non-current</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,467,475</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">506,506</font></p>
</td>
</tr>

</table>
<p style="font-size: 9pt; line-height: 115%; margin: 0pt 0pt 0pt 36pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="font-size: 9pt; line-height: 115%; margin: 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 9pt;"><font style="font-family: 'Times New Roman';">(a)</font><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: normal; font-family: 'Times New Roman';">&nbsp;&nbsp; </font><font style="font-family: 'Times New Roman';">Accumulated gains, net of income tax (see Note 33.i).&nbsp;</font></font></p>
</div>
<p style="font-size: 9pt; line-height: 115%; margin: 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';"><br></font></font></p>
</div><div style="font-family: 'times new roman', times; font-size: 10pt;">
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">5. Trade Receivables and Reseller Financing (Consolidated)</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"><br></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold;">a. Trade Receivables</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;">The composition of trade receivables is as follows:</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="height: 0px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; width: 80%; margin-left: auto; margin-right: auto;" width="80%">

<tr style="height: 18px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 297.65pt; height: 18px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt; height: 18px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 56.7pt; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">06/30/2020</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.1pt; height: 18px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 56.7pt; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">12/31/2019</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 297.65pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Domestic customers</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 56.7pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"> 3,166,162</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.1pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 56.7pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"> 3,867,163</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 297.65pt; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Domestic customers - Related parties (see Note 8.a.2)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 56.7pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"> 1,424</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.1pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 56.7pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"> 739</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 297.65pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Foreign customers</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 56.7pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"> 362,889</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.1pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 56.7pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"> 226,484</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 297.65pt; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Foreign customers - Related parties (see Note 8.a.2)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 56.7pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"> 58</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.1pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 56.7pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 297.65pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(-) Expected losses on doubtful accounts</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 56.7pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(435,281)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7.1pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 56.7pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(404,886)</font></p>
</td>
</tr>
<tr style="height: 18px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 297.65pt; height: 18px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 18px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 56.7pt; height: 18px; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #000000 !important; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"> 3,095,252</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7.1pt; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 56.7pt; height: 18px; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #000000 !important; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"> 3,689,500</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 297.65pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Current</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 56.7pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"> 3,008,662</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7.1pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 56.7pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"> 3,635,834</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 297.65pt; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Non-current</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 56.7pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"> 86,590</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7.1pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 56.7pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"> 53,666</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&nbsp;&nbsp;</font></p>
</div>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt; font-family: 'times new roman', times;" class="pageno"><font class='pageno'>32</font></font></td>
</tr>

</table>
<hr style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><a href="#TOC">Table of Contents</a></font></div>
</div>
<div style="width: 8.5in; margin: 0 auto;">
<p style="font-size: 11pt; line-height: 115%; margin: 0pt 0pt 10pt; text-align: justify;"><br></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Ultrapar&nbsp;Participa&#231;&#245;es&nbsp;S.A. and Subsidiaries</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;">Notes to the Parent&#8217;s Separate and Consolidated Interim Financial Information</p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(In thousands of Brazilian&nbsp;Reais, unless otherwise stated)</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><br>The breakdown of trade receivables, gross of expected losses on doubtful accounts, is as follows:</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 61px; width: 99.7552%;" width="100%">

<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;"><br></td>
<td colspan="9" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Past due</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; text-align: right;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Total</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; text-align: center;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; text-align: center; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Current</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; text-align: center;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; text-align: center; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">less than 30 days</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; text-align: center;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; text-align: center; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">31-60 days</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; text-align: center;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; text-align: center; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">61-90 days</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; text-align: center;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; text-align: center; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">91-180 days</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; text-align: center;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; text-align: right; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">more than 180 days</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 32%;">
<p style="margin: 0pt; text-align: left;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">06/30/2020</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 8%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"> 3,530,533</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 2%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 8%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"> 2,620,657</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px; width: 2%;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 8%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"> 123,080</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px; width: 2%;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 8%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"> 40,140</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px; width: 2%;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 8%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"> 41,669</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px; width: 2%;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 8%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"> 82,798</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px; width: 2%;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 8%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"> 622,189</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: left;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">12/31/2019</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"> 4,094,386</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"> 3,199,315</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"> 159,350</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"> 27,320</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"> 12,245</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"> 61,489</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"> 634,667</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;">The breakdown of expected losses on doubtful accounts, is as follows:</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 54px; width: 99.7553%;" width="100%">

<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;"><br></td>
<td colspan="9" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Past due</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Total</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Current</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">less than 30 days</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">31-60 days</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">61-90 days</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">91-180 days</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">more than 180 days</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 32%;">
<p style="margin: 0pt; text-align: left;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">06/30/2020</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 8%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"> 435,281</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 2%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 8%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"> 24,356</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; width: 2%; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 8%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"> 4,339</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; width: 2%; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 8%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"> 2,208</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; width: 2%; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 8%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"> 2,815</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; width: 2%; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 8%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"> 29,473</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; width: 2%; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 8%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"> 372,090</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: left;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">12/31/2019</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"> 404,886</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"> 28,861</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"> 1,456</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"> 1,625</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"> 3,749</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"> 23,698</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"> 345,497</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;">Movements in the allowance for expected losses on doubtful accounts are as follows:</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: auto; font-family: 'times new roman'; font-size: 10pt; width: 70%; margin-right: auto; height: 62px;" width="70%">

<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 360pt; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Balance as of December 31, 2019</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 56.7pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">404,886</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 360pt; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Additions</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 56.7pt; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">38,269</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 360pt; height: 10px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Write-offs</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 10px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 56.7pt; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-size: 10pt; font-family: 'times new roman', times;"> (7,874)</font></p>
</td>
</tr>
<tr style="height: 18px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 360pt; background-color: #cceeff; height: 18px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Balance as of June 30, 2020</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; background-color: #cceeff; height: 18px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 56.7pt; background-color: #cceeff; height: 18px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">435,281</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;">For further information about the allowance for expected losses on doubtful accounts, see Note 33.d.3.</font></p>
</div>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>33</font></font></td>
</tr>

</table>
<hr style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;">Notes to the Parent&#8217;s Separate and Consolidated Interim Financial Information</p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)<br><br></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold;">b. Reseller financing</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">The composition of reseller financing is as follows:</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="height: 0px; border-collapse: collapse; margin-left: auto; font-family: 'times new roman'; font-size: 10pt; width: 85%; margin-right: auto;" width="85%">

<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 297.65pt; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.1pt; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 56.7pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">06/30/2020</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.1pt; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 56.7pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">12/31/2019</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 297.65pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Reseller financing &#8211; Ipiranga</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.1pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 56.7pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"> 1,067,390</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.1pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 56.7pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">956,942</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 297.65pt; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(-) Expected losses on doubtful accounts</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.1pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 56.7pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(186,349)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.1pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 56.7pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(156,006)</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 297.65pt; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.1pt; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 56.7pt; height: 10px; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">881,041</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.1pt; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 56.7pt; height: 10px; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">800,936</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 297.65pt; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Current</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.1pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 56.7pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">496,946</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.1pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 56.7pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">436,188</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 297.65pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Non-current</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.1pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 56.7pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">384,095</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.1pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 56.7pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">364,748</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font lang="EN-US" style="font-size: 10pt; font-family: 'Times New Roman', serif; color: black;"> Reseller financing is provided at subsidized rate for renovation and upgrading of service stations, purchase of products, and development of the automotive fuels and lubricants distribution market. The terms of reseller financing range between 12 and 60 months, with an average term of 40 months. The minimum and maximum subsized interest rates are 0% per month and 1% per month, respectively. These financing are remeasured at a market rate for working capital loans and the remeasurement adjusment between the market rate and the rate subsized is recognized as a reduction to the reseller&#8217;s revenue at the beginning of the contract. Throughout the contract, the interest is appropriated by the market rate is recognized to the financial result. </font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;">The breakdown of reseller financing, gross of expected losses on doubtful accounts, is as follows:</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 59px; width: 99.7553%;" width="100%">

<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;"><br></td>
<td colspan="9" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Past due</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; text-align: center;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Total</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; text-align: center;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; text-align: center; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Current</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; text-align: center;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; text-align: center; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">less than 30 days</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; text-align: center;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; text-align: center; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">31-60 days</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; text-align: center;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; text-align: center; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">61-90 days</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; text-align: center;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; text-align: center; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">91-180 days</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; text-align: center;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; text-align: center; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">more than 180 days</font></p>
</td>
</tr>
<tr style="height: 15px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; width: 32%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: left;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">06/30/2020</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; width: 8%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,067,390</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; width: 2%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; width: 8%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">720,395</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 2%; height: 15px; background-color: #cceeff;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; width: 8%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">13,714</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 2%; height: 15px; background-color: #cceeff;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; width: 8%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">10,183</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 2%; height: 15px; background-color: #cceeff;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; width: 8%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">10,857</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 2%; height: 15px; background-color: #cceeff;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; width: 8%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">24,089</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 2%; height: 15px; background-color: #cceeff;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 15px; width: 8%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">288,152</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: left;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">12/31/2019</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">956,942</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">644,488</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">26,262</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">10,481</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">12,616</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">30,144</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">232,951</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="font-size: 11pt; line-height: 115%; margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;">The breakdown of expected losses on doubtful accounts, is as follows:</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 61px; width: 99.7553%;" width="100%">

<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;"><br></td>
<td colspan="9" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Past due</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Total</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Current</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">less than 30 days</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">31-60 days</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">61-90 days</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">91-180 days</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">more than 180 days</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 32%;">
<p style="margin: 0pt; text-align: left;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">06/30/2020</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 8%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">186,349</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 2%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 8%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">29,801</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; width: 2%;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 8%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,165</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; width: 2%;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 8%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">992</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; width: 2%;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 8%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,092</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; width: 2%;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 8%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">11,536</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; width: 2%;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 8%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">141,763</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: left;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">12/31/2019</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">156,006</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">21,337</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2,519</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,063</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,313</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">14,639</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">115,135</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</div>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>34</font></font></td>
</tr>

</table>
<hr style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;">Notes to the Parent&#8217;s Separate and Consolidated Interim Financial Information</p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)&nbsp;<br></font><br></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;">Movements in the allowance for expected losses on doubtful accounts are as follows:</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="height: 0px; border-collapse: collapse; margin-left: auto; font-family: 'times new roman'; font-size: 10pt; width: 70%; margin-right: auto;" width="70%">

<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 360pt; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Balance as of December 31, 2019</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 56.7pt; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">156,006</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 360pt; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Additions</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 56.7pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">30,365</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 360pt; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Write-offs</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 56.7pt; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(22)</font></p>
</td>
</tr>
<tr style="height: 18px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 360pt; height: 18px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Balance as of June 30, 2020</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 18px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 56.7pt; height: 18px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">186,349</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;">For further information about the allowance for expected losses on doubtful accounts, see Note 33.d.3.</font></p>
</div>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><br></font></p>
</div><div style="font-family: 'times new roman', times; font-size: 10pt;">
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">6. Inventories (Consolidated)</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"><br></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The composition of i</font><font style="font-family: 'Times New Roman';">nventories </font><font style="font-family: 'Times New Roman';">is</font><font style="font-family: 'Times New Roman';"> as follows:</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; width: 100%; height: 236px;" width="100%">

<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td colspan="5" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">06/30/2020</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td colspan="5" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">12/31/2019</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Cost</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Provision for losses</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Net balance</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Cost</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Provision for losses</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Net balance</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 30%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Fuels, lubricants and greases</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 10%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,077,586</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 2%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 10%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(2,524)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 2%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 10%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,075,062</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 2%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 10%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,843,257</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 2%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 10%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(2,073)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 2%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 10%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,841,184</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Finished goods</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">582,661</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(21,315)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">561,346</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">541,689</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(22,048)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">519,641</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Work in process</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">982</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">982</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,971</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,971</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Raw materials</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">485,589</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(3,381)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">482,208</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">365,960</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(2,552)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">363,408</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Liquefied petroleum gas (LPG)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">93,290</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(5,761)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">87,529</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">101,715</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(5,761)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">95,954</font></p>
</td>
</tr>
<tr style="height: 34px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 34px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Consumable materials and other items for resale</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">144,950</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(2,564)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">142,386</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">140,058</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(2,587)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">137,471</font></p>
</td>
</tr>
<tr style="height: 33px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 33px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Pharmaceutical, hygiene, and beauty products</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 33px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">493,464</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 33px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 33px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(2,809)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 33px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 33px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">490,655</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 33px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 33px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">549,191</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 33px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 33px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(2,877)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 33px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 33px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">546,314</font></p>
</td>
</tr>
<tr style="height: 22px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 22px;">
<p style="margin: 0pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Purchase for future delivery </font><font style="font-family: 'Times New Roman'; vertical-align: super;">(1)</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 22px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">101,714</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 22px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 22px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(463)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 22px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 22px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">101,251</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 22px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 22px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">183,170</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 22px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 22px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(2,719)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 22px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 22px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">180,451</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Properties for resale</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">28,869</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(107)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">28,762</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">29,273</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(107)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">29,166</font></p>
</td>
</tr>
<tr style="height: 18px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,009,105</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(38,924)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,970,181</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,756,284</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(40,724)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,715,560</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 9pt;"><font style="font-family: 'Times New Roman'; vertical-align: super;">(1) </font><font style="font-family: 'Times New Roman';">Refers </font><font style="font-family: 'Times New Roman';">substantially </font><font style="font-family: 'Times New Roman';">to </font><font style="font-family: 'Times New Roman';">ethanol, biodiesel</font><font style="font-family: 'Times New Roman';"> and advance of fuels.</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="font-size: 11pt; line-height: 115%; margin: 0pt 0pt 10pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Movements in the provision for losses are as follows:</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: auto; font-family: 'times new roman'; font-size: 10pt; width: 70%; margin-right: auto;" width="70%">

<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 91.0875%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Balance as of December 31, 2019</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 8.83074%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">40,724</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 91.0875%; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Reversals to net realizable value adjustment</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 8.83074%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(2,266)</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 91.0875%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Additions of obsolescence and other losses</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 8.83074%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">466</font></p>
</td>
</tr>
<tr style="height: 13.5pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 91.0875%; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Balance as of June 30, 2020</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 8.83074%; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">38,924</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt 0pt 0pt 7.1pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify; text-indent: -7.1pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; vertical-align: super;"> </font><font style="font-family: 'Times New Roman';">The breakdown of provisions for losses related to inventories is shown in the table below:</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="height: 0px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; width: 85%; margin-left: auto; margin-right: auto;" width="85%">

<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">06/30/2020</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">12/31/2019</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 78%; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Net realizable value adjustment</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 10%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">12,976</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 2%; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 10%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">15,243</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Obsolescence and other losses</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">25,948</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">25,481</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Total</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">38,924</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">40,724</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
</div>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>35</font></font></td>
</tr>

</table>
<hr style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;"><br></font></font></p>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;">Notes to the Parent&#8217;s Separate and Consolidated Interim Financial Information</p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;"><br></font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">7. Taxes to Recover</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;"><br></font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">a. </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">Recoverable T</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">axes</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;"> (Consolidated)</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Recoverable taxes are substantially represented by credits of </font><font style="font-family: 'Times New Roman';">Tax on Goods and Services (&#8220;ICMS&#8221;, the Brazilian VAT)</font><font style="font-family: 'Times New Roman';">, </font><font style="font-family: 'Times New Roman';">Contribution </font><font style="font-family: 'Times New Roman';">for Social Security Financing (</font><font style="font-family: 'Times New Roman';">&#8220;</font><font style="font-family: 'Times New Roman';">COFINS</font><font style="font-family: 'Times New Roman';">&#8221;</font><font style="font-family: 'Times New Roman';">)</font><font style="font-family: 'Times New Roman';"> and</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">Social Integration</font><font style="font-family: 'Times New Roman';"> Program (</font><font style="font-family: 'Times New Roman';">&#8220;</font><font style="font-family: 'Times New Roman';">PIS</font><font style="font-family: 'Times New Roman';">&#8221;</font><font style="font-family: 'Times New Roman';">).</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="height: 154px; border-collapse: collapse; margin-left: auto; font-family: 'times new roman'; font-size: 10pt; width: 85%; margin-right: auto;" width="85%">

<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">06/30/2020</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">12/31/2019</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 78%; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">ICMS (a.1)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 10%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 1,049,598</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 2%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 10%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 914,066</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Provision for ICMS losses (a.1)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(45,960)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(41,396)</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">PIS and COFINS (a.2)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 981,013</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 930,570</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Value-Added Tax (IVA) of foreign subsidiaries </font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 34,702</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 29,707</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Other</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 65,634</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 56,748</font></p>
</td>
</tr>
<tr style="height: 18px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Total</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 2,084,987</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 1,889,695</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Current</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 1,039,200</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 1,122,335</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Non-current</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 1,045,787</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 767,360</font></p>
</td>
</tr>

</table>
<p style="font-size: 8pt; line-height: 115%; margin: 0pt 0pt 10pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">a.1</font><font style="font-family: 'Times New Roman';"> The </font><font style="font-family: 'Times New Roman';">recoverable </font><font style="font-family: 'Times New Roman';">ICMS </font><font style="font-family: 'Times New Roman';">is substantially related to the following subsidiaries and operations:</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt 0pt 0pt 21.3pt; text-align: justify; text-indent: -21.3pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">(i)</font><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: normal; font-family: 'Times New Roman';">&nbsp;&nbsp;&nbsp;</font><font style="font-family: 'Times New Roman';">The subsidiary Oxiteno </font><font style="font-family: 'Times New Roman';">S.A.</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">accumulates credits once </font><font style="font-family: 'Times New Roman';">predominantly carries out export operations, interstate outflow or deferred ICMS of products purchased within the State of Bahia;</font></font></p>
<p style="margin: 0pt 0pt 0pt 21.3pt; text-align: justify; text-indent: -21.3pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">(ii)</font><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: normal; font-family: 'Times New Roman';">&nbsp;&nbsp;</font><font style="font-family: 'Times New Roman';">The subsidiar</font><font style="font-family: 'Times New Roman';">ies</font><font style="font-family: 'Times New Roman';"> Ipiranga Produtos de Petr&#243;leo S.A. (&#8220;IPP&#8221;) </font><font style="font-family: 'Times New Roman';">and Cia Ultragaz S.A. (&#8220;Cia Ultragaz&#8221;) </font><font style="font-family: 'Times New Roman';">ha</font><font style="font-family: 'Times New Roman';">ve</font><font style="font-family: 'Times New Roman';"> credits arising from interstate outflows of oil-related products, whose ICMS was prepaid by the supplier (Petr&#243;leo Brasileiro S.A. (&#8220;Petrobras&#8221;)), and credits arising from the difference between transactions of inflows and outflows of products subject to ICMS taxation (mainly ethanol);</font></font></p>
<p style="margin: 0pt 0pt 12pt 21.3pt; text-align: justify; text-indent: -21.3pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">(iii)</font><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: normal; font-family: 'Times New Roman';">&nbsp;&nbsp;</font><font style="font-family: 'Times New Roman';">The subsidiary Extrafarma has </font><font style="font-family: 'Times New Roman';">ICMS </font><font style="font-family: 'Times New Roman';">credits and ICMS-ST (tax substitution) advances on the inflow and outflow of operations carried out by its distribution centers, mostly in the North and Northeast.</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The amounts of recoverable ICMS credits are</font><font style="font-family: 'Times New Roman';"> classified as current assets and</font><font style="font-family: 'Times New Roman';"> consumed by the operation</font><font style="font-family: 'Times New Roman';">s</font><font style="font-family: 'Times New Roman';"> itself, being a revolving credit, which means that the credits are monthly offset with the tax payable on sales and new credits are generated by the acquisition of inputs, as well as by the State's refund on </font><font style="font-family: 'Times New Roman';">tax substitution</font><font style="font-family: 'Times New Roman';"> operations. Management estimates the </font><font style="font-family: 'Times New Roman';">rea</font><font style="font-family: 'Times New Roman';">liza</font><font style="font-family: 'Times New Roman';">tion of the credits</font><font style="font-family: 'Times New Roman';"> classified in non-current assets</font><font style="font-family: 'Times New Roman';"> within </font><font style="font-family: 'Times New Roman';">up to </font><font style="font-family: 'Times New Roman';">10 years.</font></font></p>
</div>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>36</font></font></td>
</tr>

</table>
<hr style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<p style="color: #000000; font-family: 'Times New Roman'; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: -webkit-left; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-style: initial; text-decoration-color: initial; margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><br></p>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;">Notes to the Parent&#8217;s Separate and Consolidated Interim Financial Information</p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)&nbsp;</font></p>
<p style="/* margin: 10pt 0px 0pt; */color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><br></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The estimated recovery of ICMS </font><font style="font-family: 'Times New Roman';">credits </font><font style="font-family: 'Times New Roman';">assets is stated as follows:</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; width: 75%; margin-left: auto; margin-right: auto; height: 120px;" width="75%">

<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 90.2698%; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Up to 1 Year </font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 9.64841%; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 384,666</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 90.2698%; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">From 1 to 2 Years</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 9.64841%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 333,168</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 90.2698%; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">From 2 to 3 Years</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 9.64841%; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 180,487</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 90.2698%; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">From 3 to 5 Years</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 9.64841%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 88,099</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 90.2698%; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">From 5 to 7 Years</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 9.64841%; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 36,370</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 90.2698%; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">From 7 to 10 Years</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 9.64841%; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 26,808</font></p>
</td>
</tr>
<tr style="height: 18px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 90.2698%; background-color: #cceeff; height: 18px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Total of recoverable ICMS</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 9.64841%; background-color: #cceeff; height: 18px; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 1,049,598</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="font-size: 11pt; line-height: 115%; margin: 0pt 0pt 10pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">The provision for ICMS losses relates to tax credits of the subsidiaries whose amounts are not included within the term determined by its policy.</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">a.2</font><font style="font-family: 'Times New Roman';"> Refers, mainly, to the PIS and COFINS credits recorded under Laws 10,637/2002 and 10,833/2003, whose consumption will occur through the offset of debts administered by the Brazilian Federal Revenue Service (&#8220;RFB&#8221;) in an estimated term of 2 years by management. The subsidiaries Extrafarma, Tequimar and Oxiteno S.A. have credits resulting from a definitive favorab</font><font style="font-family: 'Times New Roman';">le decision on the exclusion of</font><font style="font-family: 'Times New Roman';"> ICMS from the calculation basis of PIS and COFINS. For these cases, management estimates the realization of these credits within up to 5 years.</font><font style="font-family: 'Times New Roman';"> (see Note </font><font style="font-family: 'Times New Roman';">22</font><font style="font-family: 'Times New Roman';">.d.1).</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">b.</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;"> </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">Recoverable Income </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">T</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">ax and Social </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">C</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">ontribution </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">T</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">axes</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Represented by </font><font style="font-family: 'Times New Roman';">recoverable </font><font style="font-family: 'Times New Roman';">IRPJ and CSLL.</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 71px; width: 100%;" width="100%">

<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 54.0441%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td colspan="3" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom: 1pt solid #000000; width: 22.0588%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Parent</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 1.96078%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td colspan="3" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 21.8137%; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Consolidated</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; width: 54.0441%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; width: 10.049%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">06/30/2020</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; width: 2.08333%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; width: 9.92647%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">12/31/2019</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; width: 1.96078%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; width: 9.92647%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">06/30/2020</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; width: 1.96078%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; width: 9.92647%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">12/31/2019</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; width: 54.0441%; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">IRPJ and CSLL</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; width: 10.049%; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">92,727</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; width: 2.08333%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; width: 9.92647%; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">89,197</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; width: 1.96078%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; width: 9.92647%; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">540,253</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; width: 1.96078%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; width: 9.92647%; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">430,290</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 54.0441%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Current</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 10.049%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">53,280</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 2.08333%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 9.92647%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">49,750</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 1.96078%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 9.92647%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">436,907</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 1.96078%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 9.92647%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">325,343</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 54.0441%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Non-current</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 10.049%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">39,447</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 2.08333%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 9.92647%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">39,447</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 1.96078%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 9.92647%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">103,346</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 1.96078%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 9.92647%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">104,947</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Relates to IRPJ and CSLL to be recovered by the Company and its subsidiaries arising from the tax advances of previous </font><font style="font-family: 'Times New Roman';">periods</font><font style="font-family: 'Times New Roman';">, with management estimating the realization of these credits within up to </font><font style="font-family: 'Times New Roman';">5</font><font style="font-family: 'Times New Roman';"> years.</font></font></p>
</div>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';"><br></font></font></p>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>37</font></font></td>
</tr>

</table>
<hr style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';"><br></font></font></p>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;">Notes to the Parent&#8217;s Separate and Consolidated Interim Financial Information</p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"><font style="font-weight: bold;">8. Related Parties</font><br></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"><br></font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; width: 100%;" width="100%">

<tr style="height: 15.45pt;">
<td style="vertical-align: top; width: 1.47179%;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold;">a.</font></p>
</td>
<td style="vertical-align: top; width: 98.4465%;">
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">Related </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">P</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">arties</font></font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">The balances and transactions between the Company and its related parties are disclosed below:</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold;">a.1 Parent</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="height: 0px; border-collapse: collapse; margin-left: auto; font-family: 'times new roman'; font-size: 10pt; width: 90%; margin-right: auto;" width="90%">

<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Assets</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Liabilities</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">Financial income </font><font style="font-family: 'Times New Roman'; font-weight: bold; vertical-align: super;">(1)</font></font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">Debentures&nbsp;</font><font style="font-family: 'Times New Roman'; font-weight: bold; vertical-align: super;">(1)</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Account payable</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 66%;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ipiranga Produtos de Petr&#243;leo S.A.</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 10%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 755,433</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 2%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 10%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-&nbsp; </font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 2%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 10%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 15,278</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Imifarma Produtos Farmac&#234;uticos e Cosm&#233;ticos S.A.</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-&nbsp; </font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 5,001</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-&nbsp; </font></p>
</td>
</tr>
<tr style="height: 18px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Total as of June 30, 2020</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 755,433</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 5,001</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 15,278</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="height: 90px; border-collapse: collapse; margin-left: auto; font-family: 'times new roman'; font-size: 10pt; width: 90%; margin-right: auto;" width="90%">

<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; width: 65.6676%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom: 1pt solid #000000; width: 10.4905%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Assets</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 1.90736%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom: 1pt solid #000000; width: 9.9455%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Liabilities</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 1.90736%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom: 1pt solid #000000; width: 9.9455%;">
<p style="margin: 0pt; text-align: center;"><font style="font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">Financial income </font><font style="font-family: 'Times New Roman'; font-weight: bold; vertical-align: super;">(1)</font></font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; width: 65.6676%;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 10.4905%;">
<p style="margin: 0pt; text-align: center;"><font style="font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">Debentures&nbsp;</font><font style="font-family: 'Times New Roman'; font-weight: bold; vertical-align: super;">(1)</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 1.90736%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 9.9455%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Account payable</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; width: 1.90736%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 9.9455%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 65.6676%;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ipiranga Produtos de Petr&#243;leo S.A.</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 10.4905%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 759,123</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 1.90736%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 9.9455%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#8208;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 1.90736%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 9.9455%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 26,575</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 65.6676%;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Imifarma Produtos Farmac&#234;uticos e Cosm&#233;ticos S.A.</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 10.4905%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#8208;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 1.90736%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 9.9455%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 4,220</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 1.90736%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 9.9455%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#8208;</font></p>
</td>
</tr>
<tr style="height: 18px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; background-color: #cceeff; width: 65.6676%;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Total as of December 30, 2019</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; background-color: #cceeff; width: 10.4905%; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">759,123</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; background-color: #cceeff; width: 1.90736%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; background-color: #cceeff; width: 9.9455%; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4,220</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; background-color: #cceeff; width: 1.90736%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 18px; background-color: #cceeff; width: 9.9455%; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 18px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; width: 65.6676%;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Total as of June 30, 2019</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; width: 10.4905%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; width: 1.90736%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; width: 9.9455%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; width: 1.90736%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; width: 9.9455%; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">26,575</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 9pt;"><font style="font-family: 'Times New Roman'; vertical-align: super;">(</font><font style="font-family: 'Times New Roman'; vertical-align: super;">1</font><font style="font-family: 'Times New Roman'; vertical-align: super;">) </font><font style="font-family: 'Times New Roman';">In March 2016, the </font><font style="font-family: 'Times New Roman';">subsidiary</font><font style="font-family: 'Times New Roman';"> IPP made &#8203;&#8203;its </font><font style="font-family: 'Times New Roman';">second</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">private offering in </font><font style="font-family: 'Times New Roman';">one</font><font style="font-family: 'Times New Roman';"> single series of 75 debentures at face value of R$ 10,000,000.00 (ten million Brazilian Reais)</font><font style="font-family: 'Times New Roman';"> each</font><font style="font-family: 'Times New Roman';">, nonconvertible into shares</font><font style="font-family: 'Times New Roman';"> and</font><font style="font-family: 'Times New Roman';"> unsecured. The Company subscribed the total</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">debentures</font><font style="font-family: 'Times New Roman';"> with maturity on </font><font style="font-family: 'Times New Roman';">March 31</font><font style="font-family: 'Times New Roman';">, 20</font><font style="font-family: 'Times New Roman';">21</font><font style="font-family: 'Times New Roman';"> and semiannual </font><font style="font-family: 'Times New Roman';">interest</font><font style="font-family: 'Times New Roman';"> linked to DI.</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold;">a.2 Consolidated</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Balances and transactions between the Company and its subsidiaries</font><font style="font-family: 'Times New Roman';"> and between subsidiaries</font><font style="font-family: 'Times New Roman';"> have been eliminated </font><font style="font-family: 'Times New Roman';">i</font><font style="font-family: 'Times New Roman';">n consolidation and are not disclosed in this note. The balances and transactions between the Company and its subsidiaries with other related parties are disclosed below:</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="height: 0px; border-collapse: collapse; margin-left: auto; font-family: 'times new roman'; font-size: 10pt; width: 85%; margin-right: auto;" width="85%">

<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td colspan="3" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Loans</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Assets</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Liabilities</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 78%; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Qu&#237;mica da Bahia Ind&#250;stria e Com&#233;rcio S.A.</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 10%; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 2%; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 10%; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,875</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Other</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">490</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,002</font></p>
</td>
</tr>
<tr style="height: 18px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 18px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Total as of June 30, 2020</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 18px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">490</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 18px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,877</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><br></p>
</div>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>38</font></font></td>
</tr>

</table>
<hr style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<p style="color: #000000; font-family: 'Times New Roman'; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: -webkit-left; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-style: initial; text-decoration-color: initial; margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><br></p>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;">Notes to the Parent&#8217;s Separate and Consolidated Interim Financial Information</p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)&nbsp;</font></p>
<p style="/* margin: 10pt 0px 0pt; */color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><br></p>
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<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td colspan="3" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Loans</font></p>
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<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Assets</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Liabilities</font></p>
</td>
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<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 78%; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Qu&#237;mica da Bahia Ind&#250;stria e Com&#233;rcio S.A.</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 10%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 2%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 10%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,875</font></p>
</td>
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<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Other</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">490</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,050</font></p>
</td>
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<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Total as of December 31, 2019</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">490</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,925</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Loans agreements have indeterminate terms and do not contain interest clauses.</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
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<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td colspan="11" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Commercial transactions</font></p>
</td>
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<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt;"><font style="font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">Receivables&nbsp;</font><font style="font-family: 'Times New Roman'; font-weight: bold; vertical-align: super;">(1)</font></font></p>
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<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">Payables </font><font style="font-family: 'Times New Roman'; font-weight: bold; vertical-align: super;">(1)</font></font></p>
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<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">Other payables </font><font style="font-family: 'Times New Roman'; font-weight: bold; vertical-align: super;">(1)</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Sales and services</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Purchases</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Expenses</font></p>
</td>
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<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 42%; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Oxicap Ind&#250;stria de Gases Ltda.</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 8%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-&nbsp; </font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 2%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 8%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 1,578</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 2%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 8%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-&nbsp; </font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 2%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 8%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-&nbsp; </font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 2%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 8%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 9,408</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 2%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 8%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-&nbsp; </font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Refinaria de Petr&#243;leo Riograndense S.A. </font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-&nbsp; </font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 60,326</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-&nbsp; </font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-&nbsp; </font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 148,630</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-&nbsp; </font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">ConectCar Solu&#231;&#245;es de Mobilidade Eletr&#244;nica S.A.</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 1,424</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 113</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 500</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 1,537</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 80</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-&nbsp; </font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">LA&#8217;7 Participa&#231;&#245;es e Empreend. Imob. Ltda. (a)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-&nbsp; </font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-&nbsp; </font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-&nbsp; </font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-&nbsp; </font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-&nbsp; </font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 800</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Chevron Latin America Marketing LLC</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 58</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-&nbsp; </font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-&nbsp; </font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-&nbsp; </font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-&nbsp; </font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-&nbsp; </font></p>
</td>
</tr>
<tr style="height: 18px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Total as of June 30, 2020</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 1,482</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 62,017</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 500</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 1,537</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 158,118</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 800</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 116px; width: 100%;" width="100%">

<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td colspan="9" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Commercial transactions</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt;"><font style="font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">Receivables&nbsp;</font><font style="font-family: 'Times New Roman'; font-weight: bold; vertical-align: super;">(1)</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">Payables </font><font style="font-family: 'Times New Roman'; font-weight: bold; vertical-align: super;">(1)</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Sales and services</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Purchases</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Expenses</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 52%; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Oxicap Ind&#250;stria de Gases Ltda.</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 8%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-&nbsp; </font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 2%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 8%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 1,545</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 2%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 8%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 1</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 2%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 8%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 9,547</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 2%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 8%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#8208;</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Refinaria de Petr&#243;leo Riograndense S.A.</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-&nbsp; </font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 264,602</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#8208;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 509,073</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#8208;</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">ConectCar Solu&#231;&#245;es de Mobilidade Eletr&#244;nica S.A.</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 739</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 113</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 1,174</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 50</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#8208;</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">LA&#8217;7 Participa&#231;&#245;es e Empreend. Imob. Ltda. (a)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-&nbsp; </font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 124</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#8208;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#8208;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 735</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Total as of December 31, 2019</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 739</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 266,384</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 18px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Total as of June 30, 2019</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 1,175</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 518,670</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 735</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt 0pt 0pt 14.2pt; text-align: justify; text-indent: -14.2pt;"><font style="font-size: 9pt;"><font style="font-family: 'Times New Roman'; vertical-align: super;">(1)</font><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: normal; font-family: 'Times New Roman';">&nbsp; </font><font style="font-family: 'Times New Roman';">Included in &#8220;domestic trade receivables&#8221;</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';"> &#8220;domestic trade payables&#8221;</font><font style="font-family: 'Times New Roman';"> and &#8220;domestic trade payables -</font><font style="font-family: 'Times New Roman';"> reverse factoring</font><font style="font-family: 'Times New Roman';">&#8221;,</font><font style="font-family: 'Times New Roman';"> respectively.</font></font></p>
<p style="margin: 0pt 0pt 0pt 21.25pt; text-align: justify; text-indent: -21.25pt;"><font style="font-family: 'Times New Roman'; font-size: 9pt;">&nbsp;</font></p>
<p style="margin: 0pt 0pt 0pt 14.2pt; text-align: justify; text-indent: -14.2pt;"><font style="font-size: 9pt;"><font style="font-family: 'Times New Roman';">(a) Refers to rental contracts of </font><font style="font-family: 'Times New Roman';">15</font><font style="font-family: 'Times New Roman';"> drugstores owned by LA&#8217;7</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">as of </font><font style="font-family: 'Times New Roman';">June 30</font><font style="font-family: 'Times New Roman';">, 2020 and </font><font style="font-family: 'Times New Roman';">December 31</font><font style="font-family: 'Times New Roman';">, 2019</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';"> a company of </font><font style="font-family: 'Times New Roman';">the </font><font style="font-family: 'Times New Roman';">former shareholders of Extrafarma</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">that are</font><font style="font-family: 'Times New Roman';"> current shareholders of Ultrapar.</font></font></p>
<p style="margin: 0pt 0pt 0pt 14.2pt; text-align: justify; text-indent: -14.2pt;"><br></p>
</div>
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<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>39</font></font></td>
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<hr style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<p style="margin: 0pt 0pt 0pt 7.1pt; text-align: justify;"><br></p>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;">Notes to the Parent&#8217;s Separate and Consolidated Interim Financial Information</p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)&nbsp;</font></p>
<p style="/* margin: 10pt 0px 0pt; */color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><br></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Purchase and sale transactions relate substantially to the purchase of raw materials, feedstock, transportation</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';"> and storage services based on </font><font style="font-family: 'Times New Roman';">similar</font><font style="font-family: 'Times New Roman';"> market prices and terms with customers and suppliers with comparable operational performance. The above operations related to ConectCar</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">Solu&#231;&#245;es de Mobilidade</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">Eletr&#244;nica S.A. (&#8220;ConectCar&#8221;)</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">refer to </font><font style="font-family: 'Times New Roman';">services</font><font style="font-family: 'Times New Roman';"> provided</font><font style="font-family: 'Times New Roman';">. In the opinion of the Company and its subsidiaries&#8217; management, transactions with related parties are not subject to credit risk, which is why no a</font><font style="font-family: 'Times New Roman';">n</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">estimated loss </font><font style="font-family: 'Times New Roman';">or collateral </font><font style="font-family: 'Times New Roman';">is</font><font style="font-family: 'Times New Roman';"> provided. Collateral provided by the Company in loans of subsidiaries and affiliates are mentioned in Note </font><font style="font-family: 'Times New Roman';">16.</font><font style="font-family: 'Times New Roman';">j</font><font style="font-family: 'Times New Roman';">.</font></font></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt;" width="100%">

<tr style="height: 15.45pt;">
<td style="vertical-align: top; width: 18pt;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold;">b.</font></p>
</td>
<td style="vertical-align: top; width: 407.25pt;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold;">Key executives (Consolidated)</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The Company&#8217;s compensation strategy combines short and long-term elements, following the principles of alignment of interests and of </font><font style="font-family: 'Times New Roman';">maintaining</font><font style="font-family: 'Times New Roman';"> a competitive compensation, and is aimed at retaining key officers and remunerating them adequately according to their attributed responsibilities and the value created to the Company and its shareholders.</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Short-term compensation is comprised of: (a) fixed monthly compensation paid with the objective of rewarding the executive&#8217;s experience, responsibility</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';"> and his/her position&#8217;s complexity, and includes salary and benefits such as medical coverage, check-up, life insurance</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';"> and others; (b) variable compensation paid annually with the objective of aligning the executive&#8217;s and the Company&#8217;s objectives, which is linked to: (i) the business performance measured through its economic value creation and (ii) the fulfillment of individual annual goals that are based on the strategic plan and are focused on expansion and operational excellence projects, people development and market positioning, among others. Further details about the Deferred Stock Plan are contained in Note 8.c and about post</font><font style="font-family: 'Times New Roman';">-</font><font style="font-family: 'Times New Roman';">employment benefits in Note </font><font style="font-family: 'Times New Roman';">20</font><font style="font-family: 'Times New Roman';">.b.</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">T</font><font style="font-family: 'Times New Roman';">he expenses for compensation of its key executives (Company&#8217;s directors and executive officers)</font><font style="font-family: 'Times New Roman';"> as shown below:</font></font></p>
<p style="margin: 0pt 0pt 0pt 19.8pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: auto; font-family: 'times new roman'; font-size: 10pt; width: 75%; margin-right: auto;" width="75%">

<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">06/30/2020</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">06/30/2019</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 78%; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Short-term compensation</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 10%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">21,956</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 2%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 10%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">23,856</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Stock compensation</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">5,437</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,879</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Post-employment benefits</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,359</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,335</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Total</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">28,752</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">29,070</font></p>
</td>
</tr>

</table>
<p style="font-size: 11pt; line-height: 115%; margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt;" width="100%">

<tr style="height: 15.45pt;">
<td style="vertical-align: top; width: 18pt;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold;">c.</font></p>
</td>
<td style="vertical-align: top; width: 407.35pt;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">Deferred Stock Plan</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;"> (Consolidated)</font></font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Since 2003,</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">Ultrapar has adopted a </font><font style="font-family: 'Times New Roman';">stock</font><font style="font-family: 'Times New Roman';"> plan in which the executive h</font><font style="font-family: 'Times New Roman';">as</font><font style="font-family: 'Times New Roman';"> the usufruct of shares held in treasury</font><font style="font-family: 'Times New Roman';"> until</font><font style="font-family: 'Times New Roman';"> the transfer of the </font><font style="font-family: 'Times New Roman';">full </font><font style="font-family: 'Times New Roman';">ownership of the shares to those eligible members of management after five to seven years from the initial concession of the rights subject to uninterrupted employment of the participant during the period</font><font style="font-family: 'Times New Roman';">. The volume of shares and the executives </font><font style="font-family: 'Times New Roman';">e</font><font style="font-family: 'Times New Roman';">ligible</font><font style="font-family: 'Times New Roman';"> are determined by the Board of Directors, and there is no mandatory annual grant. The total number of shares to be used in the plan is subject to the </font><font style="font-family: 'Times New Roman';">number</font><font style="font-family: 'Times New Roman';"> of shares in treasury. Ultrapar&#8217;s Board of Directors does not have a </font><font style="font-family: 'Times New Roman';">stock</font><font style="font-family: 'Times New Roman';"> plan.</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">The fair value of the awards </font><font style="font-family: 'Times New Roman';">was</font><font style="font-family: 'Times New Roman';"> determined on the grant date based on the market value of the shares on the </font><font style="font-family: 'Times New Roman';">B3</font><font style="font-family: 'Times New Roman';">, the Brazilian Securities, Commodities and Futures Exchange</font><font style="font-family: 'Times New Roman';"> and the amounts are amortized </font><font style="font-family: 'Times New Roman';">between</font><font style="font-family: 'Times New Roman';"> five </font><font style="font-family: 'Times New Roman';">to</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">seven</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">years from the </font><font style="font-family: 'Times New Roman';">grant date</font><font style="font-family: 'Times New Roman';">.</font></font></p>
</div>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<div>
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<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>40</font></font></td>
</tr>

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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<br>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;">Notes to the Parent&#8217;s Separate and Consolidated Interim Financial Information</p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';"><br></font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The table below summarizes shares </font><font style="font-family: 'Times New Roman';">granted </font><font style="font-family: 'Times New Roman';">to the Company and its subsidiaries&#8217; management:</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 130px; width: 99.9182%;" width="100%">

<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Grant date</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Balance of number of shares granted</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Vesting period</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Market price of shares on the grant date (in R$ per share)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Total grant costs, including taxes</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Accumulated recognized grant costs</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Accumulated unrecognized grant costs</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 30%; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">March 13, 2017</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 10%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 200,000</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 2%; background-color: #cceeff;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 10%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2022 to 2024</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 2%; background-color: #cceeff;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 10%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 34.00</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 2%; background-color: #cceeff;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 10%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 9,378</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 2%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 10%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(5,309)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 2%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 10%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 4,069</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">March 4, 2016</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 380,000</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2021 to 2023 </font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 32.72</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 17,147</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(12,620)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 4,527</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">December 10, 2014</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 533,324</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2020 to 2021</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 25.32</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 27,939</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(25,408)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 2,531</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">March 5, 2014</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 55,600</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2021</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 26.08</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 5,999</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(5,809)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 190</font></p>
</td>
</tr>
<tr style="height: 18px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 1,168,924</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 60,463</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(49,146)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 11,317</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">For the </font><font style="font-family: 'Times New Roman';">six</font><font style="font-family: 'Times New Roman';">-month period ended </font><font style="font-family: 'Times New Roman';">June</font><font style="font-family: 'Times New Roman';"> 3</font><font style="font-family: 'Times New Roman';">0</font><font style="font-family: 'Times New Roman';">, 2020</font><font style="font-family: 'Times New Roman';">, t</font><font style="font-family: 'Times New Roman';">he amortization in the amount </font><font style="font-family: 'Times New Roman';">of </font><font style="font-family: 'Times New Roman';">R$</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">3,892</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">(R$ </font><font style="font-family: 'Times New Roman';">5,325</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">for the </font><font style="font-family: 'Times New Roman';">six</font><font style="font-family: 'Times New Roman';">-month period ended </font><font style="font-family: 'Times New Roman';">June</font><font style="font-family: 'Times New Roman';"> 3</font><font style="font-family: 'Times New Roman';">0</font><font style="font-family: 'Times New Roman';">, 2019</font><font style="font-family: 'Times New Roman';">) was recognized as a general and administrative expense.</font></font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The table below summarizes the changes of</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">number of shares granted:</font></font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 52px; width: 100%;" width="100%">

<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 360pt; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Balance on December 31, 2019</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 56.75pt; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,224,524</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 360pt; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Shares vested and transferred</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 56.75pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(55,600)</font></p>
</td>
</tr>
<tr style="height: 18px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 360pt; background-color: #cceeff; height: 18px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Balance on June 30, 2020</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt; background-color: #cceeff; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 56.75pt; background-color: #cceeff; height: 18px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,168,924</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">In addition, </font><font style="font-family: 'Times New Roman';">on April 19, 2017, </font><font style="font-family: 'Times New Roman';">the </font><font style="font-family: 'Times New Roman';">Ordinary and Extraordinary General Shareholders&#8217; Meeting (&#8220;OEGM&#8221;) of </font><font style="font-family: 'Times New Roman';">approved</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">a new incentive plan</font><font style="font-family: 'Times New Roman';"> based on shares </font><font style="font-family: 'Times New Roman';">(</font><font style="font-family: 'Times New Roman';">&#8221;</font><font style="font-family: 'Times New Roman';">Plan</font><font style="font-family: 'Times New Roman';">&#8221;</font><font style="font-family: 'Times New Roman';">), which establishes the general terms and conditions for the concession of common shares issued by the Company </font><font style="font-family: 'Times New Roman';">and </font><font style="font-family: 'Times New Roman';">held in treasury, </font><font style="font-family: 'Times New Roman';">that</font><font style="font-family: 'Times New Roman';"> may or may not involve the granting of usufruct of part of these shares for later transfer of the </font><font style="font-family: 'Times New Roman';">ownership of the shares</font><font style="font-family: 'Times New Roman';">, in periods of </font><font style="font-family: 'Times New Roman';">three</font><font style="font-family: 'Times New Roman';"> to </font><font style="font-family: 'Times New Roman';">six</font><font style="font-family: 'Times New Roman';"> years</font><font style="font-family: 'Times New Roman';">, to directors or employees of the Company or </font><font style="font-family: 'Times New Roman';">its </font><font style="font-family: 'Times New Roman';">subsidiaries.</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">As a result of the Plan, </font><font style="font-family: 'Times New Roman';">common</font><font style="font-family: 'Times New Roman';"> shares representing at most 1% of the Company's </font><font style="font-family: 'Times New Roman';">share </font><font style="font-family: 'Times New Roman';">capital</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">may be delivered to the </font><font style="font-family: 'Times New Roman';">p</font><font style="font-family: 'Times New Roman';">articipants, which corresponds, at the date of approval of </font><font style="font-family: 'Times New Roman';">this</font><font style="font-family: 'Times New Roman';"> Plan, to </font><font style="font-family: 'Times New Roman';">11,128,102</font><font style="font-family: 'Times New Roman';"> common shares.</font></font></p>
</div>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>41</font></font></td>
</tr>

</table>
<hr style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
</div>
<div style="font-family: 'times new roman', times; font-size: 10pt;">
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-style: initial; text-decoration-color: initial;"><br></p>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;">Notes to the Parent&#8217;s Separate and Consolidated Interim Financial Information</p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)&nbsp;</font></p>
<br>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The table </font><font style="font-family: 'Times New Roman';">below</font><font style="font-family: 'Times New Roman';"> summarizes the </font><font style="font-family: 'Times New Roman';">r</font><font style="font-family: 'Times New Roman';">estricted and </font><font style="font-family: 'Times New Roman';">p</font><font style="font-family: 'Times New Roman';">erformance</font><font style="font-family: 'Times New Roman';"> stock</font><font style="font-family: 'Times New Roman';"> programs:</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; width: 100%; height: 207px;" width="100%">

<tr style="height: 68px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 68px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Program</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 68px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Grant date</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 68px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 68px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Balance of number of shares granted</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 68px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 68px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Vesting period</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 68px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 68px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Market price of shares on the grant date (in R$ per share)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 68px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 68px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Total grant costs, including taxes</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 68px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 68px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Accumulated recognized grant costs</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 68px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 68px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Accumulated unrecognized grant costs</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 20%; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Restricted</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 16%; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">October 1, 2017</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 1%; background-color: #cceeff;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 9%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 240,000</font></p>
</td>
<td style="vertical-align: middle; height: 17px; width: 1%; background-color: #cceeff;"><br></td>
<td style="vertical-align: middle; height: 17px; text-align: center; width: 12%; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2023</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 1%; background-color: #cceeff;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 9%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">38.19</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 1%; background-color: #cceeff;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 9%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 12,642</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 1%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 9%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(5,795)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 1%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 9%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 6,847</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Restricted and performance</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">November 8, 2017</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 48,468</font></p>
</td>
<td style="vertical-align: middle; height: 10px;"><br></td>
<td style="vertical-align: middle; height: 10px; text-align: center;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2020 to 2022</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">38.19</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 3,636</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(2,144)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 1,492</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Restricted and performance</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">April 4, 2018</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 149,092</font></p>
</td>
<td style="vertical-align: middle; height: 10px; background-color: #cceeff;"><br></td>
<td style="vertical-align: middle; height: 10px; text-align: center; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2021 to 2023</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">34.35</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 9,934</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(5,422)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 4,512</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Restricted</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">September 19, 2018</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 160,000</font></p>
</td>
<td style="vertical-align: middle; height: 10px;"><br></td>
<td style="vertical-align: middle; height: 10px; text-align: center;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2024</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">19.58</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 4,321</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,260)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 3,061</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Restricted</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">September 24, 2018</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 80,000</font></p>
</td>
<td style="vertical-align: middle; height: 10px; background-color: #cceeff;"><br></td>
<td style="vertical-align: middle; height: 10px; text-align: center; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2024</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">18.40</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 2,030</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(592)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 1,438</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Restricted and performance</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">April 3, 2019</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 540,360</font></p>
</td>
<td style="vertical-align: middle; height: 10px;"><br></td>
<td style="vertical-align: middle; height: 10px; text-align: center;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2022 to 2024</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">23.25</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 22,706</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(7,571)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 15,135</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Restricted</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">September 2, 2019</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 440,000</font></p>
</td>
<td style="vertical-align: middle; height: 10px; background-color: #cceeff;"><br></td>
<td style="vertical-align: middle; height: 10px; text-align: center; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2025</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">16.42</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 9,965</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,384)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 8,581</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Restricted</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">April 1, 2020</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 877,788</font></p>
</td>
<td style="vertical-align: middle; height: 10px;"><br></td>
<td style="vertical-align: middle; height: 10px; text-align: center;">
<p style="margin: 0pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">2023 to 2025</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">12.53</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 20,480</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,337)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 19,143</font></p>
</td>
</tr>
<tr style="height: 18px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 2,535,708</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 85,714</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(25,505)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 60,209</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">For the </font><font style="font-family: 'Times New Roman';">six</font><font style="font-family: 'Times New Roman';">-month period ended </font><font style="font-family: 'Times New Roman';">June</font><font style="font-family: 'Times New Roman';"> 3</font><font style="font-family: 'Times New Roman';">0</font><font style="font-family: 'Times New Roman';">, 2020</font><font style="font-family: 'Times New Roman';">, a general and administrative expense </font><font style="font-family: 'Times New Roman';">in the amount of</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">R$ </font><font style="font-family: 'Times New Roman';">5,769</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">was recognized in relation to the Plan</font><font style="font-family: 'Times New Roman';"> (R$ </font><font style="font-family: 'Times New Roman';">5,404</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">for the </font><font style="font-family: 'Times New Roman';">six</font><font style="font-family: 'Times New Roman';">-month period ended </font><font style="font-family: 'Times New Roman';">June</font><font style="font-family: 'Times New Roman';"> 3</font><font style="font-family: 'Times New Roman';">0</font><font style="font-family: 'Times New Roman';">, 201</font><font style="font-family: 'Times New Roman';">9</font><font style="font-family: 'Times New Roman';">)</font><font style="font-family: 'Times New Roman';">.</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; width: 100%;" width="100%">

<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 82.5838%; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Balance on December 31, 2019</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.52249%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 9.81194%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,738,660</font></p>
</td>
</tr>
<tr style="height: 14.15pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 82.5838%;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Shares granted on April 1, 2020</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.52249%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 9.81194%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">877,788</font></p>
</td>
</tr>
<tr style="height: 14.15pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 82.5838%; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Cancellation of granted shares due to termination of executive employment</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7.52249%; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 9.81194%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(27,748)</font></p>
</td>
</tr>
<tr style="height: 14.15pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 82.5838%;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Cancellation of performance shares</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.52249%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 9.81194%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(52,992)</font></p>
</td>
</tr>
<tr style="height: 13.5pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 82.5838%; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Balance on June 30, 2020</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.52249%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 9.81194%; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,535,708</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</div>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>42</font></font></td>
</tr>

</table>
<hr style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
</div><div style="font-family: 'times new roman', times; font-size: 10pt;">
<div>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0cm 0cm 0.0001pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font lang="PT-BR" style="color: #000000; font-family: 'times new roman', times; font-size: 10pt;">Ultrapar Participa&#231;&#245;es S.A. and Subsidiaries</font></p>
<p style="margin: 0cm 0cm 0.0001pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font lang="PT-BR" style="color: #000000; font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0cm 0cm 0.0001pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Notes to the Parent&#8217;s Separate and Consolidated Interim Financial Information</font></p>
<p style="margin: 0cm 0cm 0.0001pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font lang="EN-US" style="color: #000000; font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0cm 0cm 0.0001pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"><font lang="EN-US" style="color: #000000;"><font style="font-family: 'times new roman', times;">(In thousands of Brazilian Reais, unless otherwise stated)<br><br></font></font><font style="font-family: 'times new roman', times;"><font style="font-weight: bold;">9.</font><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: normal;">&nbsp;&nbsp;&nbsp; </font><font style="font-weight: bold;">Income and Social Contribution Taxes</font></font><font style="font-family: 'times new roman', times;">&nbsp;</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt;" width="100%">

<tr style="height: 15.45pt;">
<td style="vertical-align: top; width: 18pt;">
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="font-style: italic; font-weight: bold;">a.</font><font style="font-style: italic; font-weight: bold;">&nbsp;</font></font></p>
</td>
<td style="vertical-align: top; width: 407.35pt;">
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="font-style: italic; font-weight: bold;">Deferred </font><font style="font-style: italic; font-weight: bold;">I</font><font style="font-style: italic; font-weight: bold;">ncome</font><font style="font-style: italic; font-weight: bold;"> (IRPJ)</font><font style="font-style: italic; font-weight: bold;"> and </font><font style="font-style: italic; font-weight: bold;">S</font><font style="font-style: italic; font-weight: bold;">ocial </font><font style="font-style: italic; font-weight: bold;">C</font><font style="font-style: italic; font-weight: bold;">ontribution </font><font style="font-style: italic; font-weight: bold;">T</font><font style="font-style: italic; font-weight: bold;">axes</font><font style="font-style: italic; font-weight: bold;"> (CSLL)</font></font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;">The Company and its subsidiaries recognize deferred tax assets and liabilities, which are not subject to the statute of limitations, resulting from tax loss carryforwards, temporary differences, negative tax bases and revaluation of PP&amp;E, among others. Deferred tax assets are sustained by the continued profitability of their operations. Deferred IRPJ and CSLL are recognized under the following main categories:</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 509px; width: 100%;" width="100%">

<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td colspan="3" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom: 1pt solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Parent</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>
</td>
<td colspan="3" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom: 1pt solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Consolidated</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">06/30/2020</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">12/31/2019</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">06/30/2020</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">12/31/2019</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 46%;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Assets - Deferred income and social contribution taxes on:&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 12%;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 2%;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 12%;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 2%;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 12%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 2%;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: top; height: 17px; width: 12%;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Provision for impairment of assets</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">76,682</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">72,377</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Provisions for tax, civil, and labor risks</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">138,961</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">150,085</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Provision for post-employment benefits </font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2,215</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">93,401</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">92,199</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Provision for differences between cash and accrual basis (i)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">717,063</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">224,065</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Goodwill</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">6,913</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">8,161</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Business combination &#8211; tax basis vs. accounting basis of goodwill</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">75,558</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">75,745</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Provision for asset retirement obligation</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">14,555</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">14,762</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Provision for suppliers</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">954</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">439</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">35,326</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">35,214</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Provision for profit sharing and bonus</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">3,085</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">29,736</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">44,818</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Leases payable</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">788</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">26,918</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">19,003</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Change in fair value of subscription warrants</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">10,526</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">16,338</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">10,526</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">16,338</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Other provisions</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">95</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">204</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">45,788</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">45,316</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Tax losses and negative basis for social contribution carryforwards (9.d)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom: 1pt solid #000000; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">29,846</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom: 1pt solid #000000; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">24,632</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom: 1pt solid #000000; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">403,969</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom: 1pt solid #000000; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">278,140</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Total</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">47,509</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">41,613</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,675,396</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,076,223</font></p>
</td>
</tr>
<tr style="height: 18px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Offset the liability balance of deferred IRPJ and CSLL</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; border-bottom: 1pt solid #000000; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(2,634)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; border-bottom: 1pt solid #000000; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; border-bottom: 1pt solid #000000; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(658,797)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; border-bottom: 1pt solid #000000; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(422,529)</font></p>
</td>
</tr>
<tr style="height: 18px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Net balance of deferred taxes assets</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; border-bottom: 2.8pt double #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">44,875</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; border-bottom: 2.8pt double #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">41,613</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; border-bottom: 2.8pt double #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,016,599</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; border-bottom: 2.8pt double #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">653,694</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Liabilities - Deferred income and social contribution taxes on:</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Revaluation of PP&amp;E</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,821</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,866</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Leases payable</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2,127</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2,356</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Provision for differences between cash and accrual basis (i)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,306</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">488,352</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">257,718</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Provision for goodwill</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">65,714</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">39,186</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Business combination &#8211; fair value of assets</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">113,250</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">114,125</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Temporary differences in foreign subsidiary</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,328</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">5,924</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Other provisions</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom: 1pt solid #000000; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom: 1pt solid #000000; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom: 1pt solid #000000; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">15,305</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom: 1pt solid #000000; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">14,809</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Total</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2,634</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">692,493</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">430,060</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Offset the asset balance of deferred IRPJ and CSLL</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(2,634)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(658,797)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(422,529)</font></p>
</td>
</tr>
<tr style="height: 18px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Net balance of deferred taxes liabilities</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; border-bottom: 2.8pt double #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; border-bottom: 2.8pt double #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; border-bottom: 2.8pt double #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">33,696</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; border-bottom: 2.8pt double #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">7,531</font></p>
</td>
</tr>

</table>
<p style="font-size: 11pt; line-height: 115%; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="font-size: 9pt; line-height: 115%; margin: 0pt 0pt 10pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;">(i) Refers mainly to the income tax on the exchange variation of the derivate hedging instruments.</font></p>
</div>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>43</font></font></td>
</tr>

</table>
<hr style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0cm 0cm 0.0001pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font lang="PT-BR" style="color: #000000; font-family: 'times new roman', times; font-size: 10pt;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</font></p>
<p style="margin: 0cm 0cm 0.0001pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font lang="PT-BR" style="color: #000000; font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0cm 0cm 0.0001pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Notes to the Parent&#8217;s Separate and Consolidated Interim Financial Information</font></p>
<p style="margin: 0cm 0cm 0.0001pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font lang="EN-US" style="color: #000000; font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0cm 0cm 0.0001pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"><font lang="EN-US" style="color: #000000;"><font style="font-family: 'times new roman', times;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)<br></font></font></font><br></p>
<p style="font-size: 11pt; line-height: 115%; margin: 0pt 0pt 10pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;">Changes in the net balance of deferred IRPJ and CSLL are as follows:</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt;" width="100%">

<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td colspan="3" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom: 1pt solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Parent</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>
</td>
<td colspan="3" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom: 1pt solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Consolidated</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">06/30/2020</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">06/30/2019</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">06/30/2020</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">06/30/2019</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 46%; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Initial balance</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 12%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">41,613</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 2%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 12%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">14,034</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 2%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 12%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">646,163</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 2%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 12%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">504,890</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Deferred IRPJ and CSLL recognized in income of the period</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">3,261</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">409</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">26,314</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2,566</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Deferred IRPJ and CSLL recognized in other comprehensive income</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">292,540</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(9,025)</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Other</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom: 1pt solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom: 1pt solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom: 1pt solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">17,886</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom: 1pt solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">256</font></p>
</td>
</tr>
<tr style="height: 13.5pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Final balance&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">44,875</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">14,443</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">982,903</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">498,687</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">The estimated recovery of deferred tax assets relating to IRPJ and CSLL is stated as follows:</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt;" width="100%">

<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom: 1pt solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Parent</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom: 1pt solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Consolidated</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; width: 0%;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Up to 1 Year</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; width: 12%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">16,809</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; width: 2%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; width: 12%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">242,359</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">From 1 to 2 Years</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">9,130</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">89,637</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">From 2 to 3 Years</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">3,941</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">146,989</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">From 3 to 5 Years</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">8,026</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">166,729</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">From 5 to 7 Years</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">5,487</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">659,483</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">From 7 to 10 Years</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom: 1pt solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">4,116</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom: 1pt solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">370,199</font></p>
</td>
</tr>
<tr style="height: 13.5pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Total of deferred tax assets relating to IRPJ and CSLL</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; border-bottom: 2.8pt double #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">47,509</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; border-bottom: 2.8pt double #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,675,396</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;">In order to evaluate the realization of&nbsp;deferred tax assets, the taxable income projections from&nbsp;business plans of each segment of the Company, which indicates trends and perspectives, demand effects, competition and other economic factors that represent the management&#8217;s best estimate about the economic conditions existing during the period of realization of the deferred tax asset were taken into account.&nbsp;</font></p>
</div>
<p style="margin: 0cm 0cm 0.0001pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font lang="PT-BR" style="color: #000000; font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><br></font></p>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>44</font></font></td>
</tr>

</table>
<hr style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><br></font></p>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 0cm 0cm 0.0001pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font lang="PT-BR" style="color: #000000; font-family: 'times new roman', times; font-size: 10pt;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</font></p>
<p style="margin: 0cm 0cm 0.0001pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font lang="PT-BR" style="color: #000000; font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0cm 0cm 0.0001pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Notes to the Parent&#8217;s Separate and Consolidated Interim Financial Information</font></p>
<p style="margin: 0cm 0cm 0.0001pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font lang="EN-US" style="color: #000000; font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0cm 0cm 0.0001pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"><font lang="EN-US" style="color: #000000;"><font style="font-family: 'times new roman', times;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></font></font></p>
<p style="font-size: 11pt; line-height: 115%; margin: 0pt 0pt 10pt; text-align: justify;"><br></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt;" width="100%">

<tr style="height: 15.45pt;">
<td style="vertical-align: top; width: 18pt;">
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="font-style: italic; font-weight: bold;">b.</font><font style="font-style: italic; font-weight: bold;">&nbsp;</font></font></p>
</td>
<td style="vertical-align: top; width: 407.35pt;">
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="font-style: italic; font-weight: bold;">Reconciliation of </font><font style="font-style: italic; font-weight: bold;">I</font><font style="font-style: italic; font-weight: bold;">ncome and </font><font style="font-style: italic; font-weight: bold;">S</font><font style="font-style: italic; font-weight: bold;">ocial </font><font style="font-style: italic; font-weight: bold;">C</font><font style="font-style: italic; font-weight: bold;">ontribution </font><font style="font-style: italic; font-weight: bold;">T</font><font style="font-style: italic; font-weight: bold;">axes</font></font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">IRPJ and CSLL are reconciled to the statutory tax rates as follows:</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 273px; width: 100%;" width="100%">

<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>
</td>
<td colspan="3" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Parent</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>
</td>
<td colspan="3" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Consolidated</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">06/30/2020</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">06/30/2019</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">06/30/2020</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">06/30/2019</font></p>
</td>
</tr>
<tr style="height: 11px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 11px; width: 46%; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Income (loss)</font><font style="font-family: 'times new roman', times; font-size: 10pt;"> before taxes and share of profit (loss) of subsidiaries, joint ventures, and associates&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 11px; width: 12%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(19,308)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 11px; width: 2%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 11px; width: 12%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">17,296</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 11px; width: 2%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 11px; width: 12%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">437,910</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 11px; width: 2%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 11px; width: 12%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">630,216</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Statutory tax rates - %</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">34</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">34</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">34</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">34</font></p>
</td>
</tr>
<tr style="height: 20px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 20px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Income and social contribution taxes at the statutory tax rates</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 20px; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">6,565</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 20px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 20px; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(5,881)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 20px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 20px; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(148,889)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 20px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 20px; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(214,273)</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Adjustments to the statutory income and social contribution taxes:</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Nondeductible expenses (i)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(3,482)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">6,342</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(14,890)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(33,738)</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Nontaxable revenues (ii)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">11</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">13,953</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">13,640</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Adjustment to estimated income (iii)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">4,736</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">5,303</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-size: 10pt; font-family: 'times new roman', times;">Unrecorded deferred income and social contribution taxes carryforwards deferred (iv)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(84,291)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(43,782)</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Other adjustments</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">8</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(63)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">734</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(3,503)</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Income and social contribution taxes before tax incentives</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">3,091</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">409</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(228,647)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(276,353)</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Tax incentives - SUDENE</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">35,329</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">19,471</font></p>
</td>
</tr>
<tr style="height: 18px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Income and social contribution taxes in the income statement</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; border-bottom: 2.8pt double #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">3,091</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; border-bottom: 2.8pt double #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">409</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; border-bottom: 2.8pt double #000000 !important;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(193,318)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; border-bottom: 2.8pt double #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(256,882)</font></p>
</td>
</tr>
<tr style="background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;"><br></td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Current</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(170)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(219,632)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(259,448)</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Deferred</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">3,261</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">409</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">26,314</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2,566</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Effective IRPJ and CSLL rates - %</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">16.0</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(2.4)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">44.1</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">40.8</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<table style="width: 100%; margin-left: 0.1px; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td style="vertical-align: top; width: 2%;" valign="top">(i)</td>
<td style="vertical-align: top; width: 3%;" valign="top"><br></td>
<td style="vertical-align: top; width: 95%;" valign="top"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -48px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Consist of certain expenses that cannot be deducted for tax purposes under applicable tax legislation, such as expenses with fines, donations, gifts, losses of assets, negative effects of foreign subsidiaries and certain provisions;</font></td>
</tr>
<tr>
<td style="vertical-align: top;" valign="top"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(ii)</font><br></td>
<td style="vertical-align: top;" valign="top"><br></td>
<td style="vertical-align: top;" valign="top"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -48px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Consist of certain gains and income that are not taxable under applicable tax legislation, such as the reimbursement of taxes and the reversal of certain provisions;</font></td>
</tr>
<tr>
<td style="vertical-align: top;" valign="top"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(iii)</font></td>
<td style="vertical-align: top;" valign="top"><br></td>
<td style="vertical-align: top;" valign="top"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -48px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Brazilian tax law allows for an alternative method of taxation for companies that generated gross revenues of up to R$ 78 million in their previous fiscal year. Certain subsidiaries of the Company adopted this alternative form of taxation, whereby income and social contribution taxes are calculated on a basis equal to 32% of operating revenues, as opposed to being calculated based on the effective taxable income of these subsidiaries. The adjustment to estimated income represents the difference between the taxation under this alternative method and the income and social contribution taxes that would have been paid based on the effective statutory rate applied to the taxable income of these subsidiaries;</font></td>
</tr>
<tr>
<td style="vertical-align: top;" valign="top">(iv)</td>
<td style="vertical-align: top;" valign="top"><br></td>
<td style="vertical-align: top;" valign="top"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -48px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">See Note 9.d.</font></td>
</tr>

</table>
<div><br></div>
</div>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>45</font></font></td>
</tr>

</table>
<hr style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<p style="margin: 0cm 0cm 0.0001pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font lang="PT-BR" style="color: #000000; font-family: 'times new roman', times; font-size: 10pt;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</font></p>
<p style="margin: 0cm 0cm 0.0001pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font lang="PT-BR" style="color: #000000; font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0cm 0cm 0.0001pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Notes to the Parent&#8217;s Separate and Consolidated Interim Financial Information</font></p>
<p style="margin: 0cm 0cm 0.0001pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font lang="EN-US" style="color: #000000; font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0cm 0cm 0.0001pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"><font lang="EN-US" style="color: #000000;"><font style="font-family: 'times new roman', times;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></font></font><br></p>
<p style="font-size: 9pt; line-height: 115%; margin: 0pt 0pt 10pt; text-align: justify;"><br></p>
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<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold;">c.</font></p>
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<td style="vertical-align: top; width: 407.35pt;">
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="font-style: italic; font-weight: bold;">Tax </font><font style="font-style: italic; font-weight: bold;">I</font><font style="font-style: italic; font-weight: bold;">ncentives - SUDENE</font></font></p>
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<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;">The following subsidiaries are entitled to federal tax benefits providing for IRPJ reduction under the program for development of northeastern Brazil operated by the Superintendence for the Development of the Northeast (&#8220;SUDENE&#8221;), as shown below:</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
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<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Subsidiary</font></p>
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<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Units</font></p>
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<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Incentive - %</font></p>
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<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Expiration</font></p>
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<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Bahiana Distribuidora de G&#225;s Ltda.</font></p>
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<td style="vertical-align: bottom; width: 85.05pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Mataripe base</font></p>
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<td style="vertical-align: bottom; width: 70.85pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">75</font></p>
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<td style="vertical-align: bottom; width: 56.7pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2024</font></p>
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<p style="margin: 0pt; text-align: justify; text-indent: 12pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
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<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Caucaia base</font></p>
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<td style="vertical-align: bottom; width: 70.85pt; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">75</font></p>
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<td style="vertical-align: bottom; width: 56.7pt; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2025</font></p>
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<p style="margin: 0pt; text-align: justify; text-indent: 12pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
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<td style="vertical-align: bottom; width: 85.05pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Juazeiro base</font></p>
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<td style="vertical-align: bottom; width: 70.85pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">75</font></p>
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<td style="vertical-align: bottom; width: 56.7pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2026</font></p>
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<td style="vertical-align: bottom; width: 206.95pt; height: 17px;">
<p style="margin: 0pt; text-align: justify; text-indent: 12pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
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<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Aracaju base</font></p>
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<td style="vertical-align: bottom; width: 70.85pt; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">75</font></p>
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<td style="vertical-align: bottom; width: 56.7pt; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2027</font></p>
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<td style="vertical-align: bottom; width: 206.95pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
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<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Suape base</font></p>
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<td style="vertical-align: bottom; width: 70.85pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">75</font></p>
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<td style="vertical-align: bottom; width: 56.7pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2027</font></p>
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<td style="vertical-align: bottom; width: 206.95pt; height: 17px;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
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<td style="vertical-align: bottom; width: 85.05pt; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
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<td style="vertical-align: bottom; width: 70.85pt; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
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<td style="vertical-align: bottom; width: 56.7pt; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
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<td style="vertical-align: bottom; width: 206.95pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Terminal Qu&#237;mico de Aratu S.A. &#8211; Tequimar</font></p>
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<td style="vertical-align: bottom; width: 85.05pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Suape terminal</font></p>
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<td style="vertical-align: bottom; width: 70.85pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">75</font></p>
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<td style="vertical-align: bottom; width: 56.7pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2020</font></p>
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<td style="vertical-align: bottom; width: 206.95pt; height: 17px;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
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<td style="vertical-align: bottom; width: 85.05pt; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Aratu terminal</font></p>
</td>
<td style="vertical-align: bottom; width: 70.85pt; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">75</font></p>
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<td style="vertical-align: bottom; width: 56.7pt; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2022</font></p>
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<td style="vertical-align: bottom; width: 206.95pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: justify; text-indent: 12pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
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<td style="vertical-align: bottom; width: 85.05pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Itaqui terminal</font></p>
</td>
<td style="vertical-align: bottom; width: 70.85pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">75</font></p>
</td>
<td style="vertical-align: bottom; width: 56.7pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2025</font></p>
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<td style="vertical-align: bottom; width: 206.95pt; height: 17px;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
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<td style="vertical-align: bottom; width: 85.05pt; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
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<td style="vertical-align: bottom; width: 70.85pt; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
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<td style="vertical-align: bottom; width: 56.7pt; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
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<td style="vertical-align: bottom; width: 206.95pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Oleoqu&#237;mica Ind&#250;stria e Com&#233;rcio de Produtos Qu&#237;micos Ltda.</font></p>
</td>
<td style="vertical-align: bottom; width: 85.05pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Cama&#231;ari plant</font></p>
</td>
<td style="vertical-align: bottom; width: 70.85pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">75</font></p>
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<td style="vertical-align: bottom; width: 56.7pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2021</font></p>
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<tr style="height: 17px;">
<td style="vertical-align: bottom; width: 206.95pt; height: 17px;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; width: 85.05pt; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; width: 70.85pt; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; width: 56.7pt; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
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<tr style="height: 22px; background-color: #cceeff;">
<td style="vertical-align: bottom; width: 206.95pt; height: 22px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;">Oxiteno S.A. Ind&#250;stria e Com&#233;rcio <font style="vertical-align: super;">(</font><font style="vertical-align: super;">1</font><font style="vertical-align: super;">)</font></font></p>
</td>
<td style="vertical-align: bottom; width: 85.05pt; height: 22px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Cama&#231;ari plant</font></p>
</td>
<td style="vertical-align: bottom; width: 70.85pt; height: 22px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">75</font></p>
</td>
<td style="vertical-align: bottom; width: 56.7pt; height: 22px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2026</font></p>
</td>
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<tr style="height: 17px;">
<td style="vertical-align: bottom; width: 206.95pt; height: 17px;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; width: 85.05pt; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; width: 70.85pt; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; width: 56.7pt; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="vertical-align: bottom; width: 206.95pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Empresa Carioca de Produtos Qu&#237;micos S.A.</font></p>
</td>
<td style="vertical-align: bottom; width: 85.05pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Cama&#231;ari plant</font></p>
</td>
<td style="vertical-align: bottom; width: 70.85pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">75</font></p>
</td>
<td style="vertical-align: bottom; width: 56.7pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2026</font></p>
</td>
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</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="vertical-align: super;"> </font><font style="vertical-align: super;">(</font><font style="vertical-align: super;">1</font><font style="vertical-align: super;">)</font> The request to transfer the right to reduce the IRPJ to Oxiteno S.A. was submitted to SUDENE and waits decision.</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
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<td style="vertical-align: top; width: 18pt;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold;">d.</font></p>
</td>
<td style="vertical-align: top; width: 407.35pt;">
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="font-style: italic; font-weight: bold;">Income and </font><font style="font-style: italic; font-weight: bold;">S</font><font style="font-style: italic; font-weight: bold;">ocial </font><font style="font-style: italic; font-weight: bold;">C</font><font style="font-style: italic; font-weight: bold;">ontribution </font><font style="font-style: italic; font-weight: bold;">T</font><font style="font-style: italic; font-weight: bold;">axes </font><font style="font-style: italic; font-weight: bold;">C</font><font style="font-style: italic; font-weight: bold;">arryforwards</font></font></p>
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<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;">In June 30, 2020, the Company and certain subsidiaries had tax loss carryforwards related to income tax (IRPJ) of R$ 1,763,947 (R$ 1,268,964 as of December 31, 2019) and negative basis of CSLL of R$ 1,765,697 (R$ 1,270,714 as of December 31, 2019), whose compensations are limited to 30% of taxable income in a given tax year, which do not expire.<br></font></p>
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<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

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<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>46</font></font></td>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><br></font></p>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 0cm 0cm 0.0001pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font lang="PT-BR" style="color: #000000; font-family: 'times new roman', times; font-size: 10pt;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</font></p>
<p style="margin: 0cm 0cm 0.0001pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font lang="PT-BR" style="color: #000000; font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0cm 0cm 0.0001pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Notes to the Parent&#8217;s Separate and Consolidated Interim Financial Information</font></p>
<p style="margin: 0cm 0cm 0.0001pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font lang="EN-US" style="color: #000000; font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0cm 0cm 0.0001pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"><font lang="EN-US" style="color: #000000;"><font style="font-family: 'times new roman', times;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></font></font></p>
<p style="font-size: 11pt; line-height: 115%; margin: 0pt 0pt 10pt; text-align: justify;"><font style="font-size: 10pt;"><br>The balances which are constituted of deferred taxes related to income tax loss </font>carryforwards<font style="font-size: 10pt;"> and negative basis of social contribution base are as follows:</font><br></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 171px; width: 100%;" width="100%">

<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">06/30/2020</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">12/31/2019</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 68%; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Cia. Ultragaz&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 15%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">451</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 2%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 15%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">12,808</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Oxiteno S.A.</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">186,452</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">148,306</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Iconic</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">13,169</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">17,657</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Ipiranga</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">99,040</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Extrafarma</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">72,318</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">72,318</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Vila do Conde</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">209</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Ultrapar</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">29,846</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">24,632</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Ultrapar International</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2,484</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2,419</font></p>
</td>
</tr>
<tr style="height: 18px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">403,969</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">278,140</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="font-size: 11pt; line-height: 115%; margin: 0pt 0pt 10pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;">The balances which are not constituted of deferred taxes related to income tax loss carryforwards and negative basis of social contribution base are as follows:</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 86px; width: 100%;" width="100%">

<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">06/30/2020</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">12/31/2019</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 68%;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Extrafarma</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 15%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">287,910</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 2%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 15%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">237,664</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Millenium</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">224</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">96</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Integra Frotas</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; border-bottom: 1pt solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">6,233</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; border-bottom: 1pt solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">4,636</font></p>
</td>
</tr>
<tr style="height: 18px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom: 2.8pt double #000000; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">294,367</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom: 2.8pt double #000000; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">242,396</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">In addition, certain foreign subsidiaries have tax loss carryforwards, as shown below, subject to local compensation rules.</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 103px; width: 100%;" width="100%">

<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><br></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-size: 8pt; font-family: 'times new roman', times;"><font style="font-weight: bold;">0</font><font style="font-weight: bold;">6/30/2020</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">12/31/2019</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 68%;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 15%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt;">US$ (thousands)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 2%;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 15%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt;">US$ (thousands)</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Oxiteno USA</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">202,088</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">184,781</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Oxiteno Uruguai</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">8,039</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">7,444</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Ultrapar International</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom: 1pt solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">9,561</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom: 1pt solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">10,420</font></p>
</td>
</tr>
<tr style="height: 18px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-size: 10pt; font-family: 'times new roman', times;">219,688</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">202,645</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</div>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>47</font></font></td>
</tr>

</table>
<hr style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 0cm 0cm 0.0001pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font lang="PT-BR" style="color: #000000; font-family: 'times new roman', times; font-size: 10pt;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</font></p>
<p style="margin: 0cm 0cm 0.0001pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font lang="PT-BR" style="color: #000000; font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0cm 0cm 0.0001pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Notes to the Parent&#8217;s Separate and Consolidated Interim Financial Information</font></p>
<p style="margin: 0cm 0cm 0.0001pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font lang="EN-US" style="color: #000000; font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0cm 0cm 0.0001pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"><font lang="EN-US" style="color: #000000;"><font style="font-family: 'times new roman', times;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></font></font><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0cm 0cm 0.0001pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><br></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-weight: bold;">10. Prepaid Expenses&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 256px; width: 100%;" width="100%">

<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; text-align: center; border-bottom: 1pt solid #000000; height: 17px;" colspan="3"><font style="font-weight: bold; font-size: 8pt;">Parent</font></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;"><br></td>
<td style="padding-left: 0px; padding-right: 3pt; vertical-align: middle; text-align: center; border-bottom: 1pt solid #000000; height: 17px;" colspan="3"><font style="font-weight: bold; font-size: 8pt;">Consolidated</font></td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">06/30/2020</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">12/31/2019</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; text-align: right; height: 17px;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 10.6667px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">06/30/2020</font></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; text-align: right; height: 17px;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 10.6667px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">12/31/2019</font></td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: rgb(204, 238, 255);">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Rents</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: rgb(204, 238, 255);">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">-</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: rgb(204, 238, 255);">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: rgb(204, 238, 255);">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">-</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: rgb(204, 238, 255); height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: rgb(204, 238, 255); text-align: right; height: 17px;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">35,767</font></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: rgb(204, 238, 255); text-align: right; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: rgb(204, 238, 255); text-align: right; height: 17px;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">37,106</font></td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 54%;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Advertising and publicity</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 10%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">-</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 2%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 10%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">-</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 2%;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; text-align: right; height: 17px; width: 10%;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">39,715</font></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; text-align: right; height: 17px; width: 2%;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; text-align: right; height: 17px; width: 10%;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">24,857</font></td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Deferred stock plan, net (see Note 8.c)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2,059</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">-</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; text-align: right; height: 17px;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">13,222</font></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; text-align: right; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; text-align: right; height: 17px;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">15,965</font></td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Insurance premiums</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,223</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; text-align: right;">327</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; text-align: right; height: 17px;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">52,897</font></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; text-align: right; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; text-align: right; height: 17px;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">61,884</font></td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Software maintenance</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">972</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">-</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; text-align: right; height: 17px;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">24,057</font></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; text-align: right; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; text-align: right; height: 17px;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">23,216</font></td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Employee benefits</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">520</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">-</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; text-align: right; height: 17px;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">7,802</font></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; text-align: right; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; text-align: right; height: 17px;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">3,425</font></td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">IPVA and IPTU</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">-</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; text-align: right; height: 17px;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">8,477</font></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; text-align: right; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; text-align: right; height: 17px;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">937</font></td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Contribution - private pension fund (see Note 20.a)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; text-align: right; height: 17px;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">45,521</font></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; text-align: right; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; text-align: right; height: 17px;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">-</font></td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Other prepaid expenses</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; border-bottom: 1pt solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">68</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; border-bottom: 1pt solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">-</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: rgb(204, 238, 255); height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; border-bottom: 1pt solid #000000; text-align: right; height: 17px;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">18,465</font></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; border-bottom: 1pt solid #000000; text-align: right; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; border-bottom: 1pt solid #000000; text-align: right; height: 17px;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">13,181</font></td>
</tr>
<tr style="height: 18px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; border-bottom: 2.8pt double #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">4,842</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; border-bottom: 2.8pt double #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">327</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom: 2.8pt double #000000; text-align: right; height: 18px;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">245,923</font></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom: 2.8pt double #000000; text-align: right; height: 18px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom: 2.8pt double #000000; text-align: right; height: 18px;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">180,571</font></td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;"><br></td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Current</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2,855</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">72</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; text-align: right;">158,162</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; text-align: right;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; text-align: right;">111,355</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Non-current</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1.987</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">255</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px; text-align: right;">87,761</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px; text-align: right;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px; text-align: right;">69,216</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<h1 style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="font-weight: bold;">11.</font><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: normal;"> </font><font style="font-weight: bold;"> </font><font style="font-weight: bold;">Contractual Assets with </font><font style="font-weight: bold;">C</font><font style="font-weight: bold;">ustomers &#8211; </font><font style="font-weight: bold;">E</font><font style="font-weight: bold;">xclusive </font><font style="font-weight: bold;">R</font><font style="font-weight: bold;">ights (Consolidated)</font></font></h1>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;">Refers to exclusive rights disbursements of Ipiranga&#8217;s agreements with reseller service stations and major consumers that are recognized at the time of their occurrence and recognized as a reduction of the revenue from sales and services in the statement of profit or loss according to the conditions established in the agreement (amortization in weighted average term of five years), being reviewed as changes occur under the terms of the agreements.</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;">Balance and changes are shown below:</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 293px; width: 100%;" width="100%">

<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 365.65pt; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Balance as of December 31, 2019</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 56.7pt; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,465,989</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 365.65pt; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Additions</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 56.7pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">292,839</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 365.65pt; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Amortization</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 56.7pt; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(150,854)</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 365.65pt; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Transfer</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 56.7pt; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(7,550)</font></p>
</td>
</tr>
<tr style="height: 18px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 365.65pt; background-color: #cceeff; height: 18px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Balance as of June 30, 2020</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt; background-color: #cceeff; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 56.7pt; border-bottom: 2.8pt double #000000; background-color: #cceeff; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,600,424</font></p>
</td>
</tr>
<tr style="height: 18px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 365.65pt; height: 18px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 18px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; height: 18px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 365.65pt; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Current</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 56.7pt; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">472,985</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 365.65pt; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Non-current</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 56.7pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,127,439</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 365.65pt; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 365.65pt; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Balance as of December 31, 2018</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 56.7pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,518,477</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 365.65pt; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Additions</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 56.7pt; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">126,334</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 365.65pt; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Amortization</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 56.7pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(177,818)</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 365.65pt; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Transfer</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 56.7pt; background-color: #cceeff; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(10,669)</font></p>
</td>
</tr>
<tr style="height: 18px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 365.65pt; height: 18px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Balance as of June 30, 2019</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 56.7pt; border-bottom: 2.8pt double #000000; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,456,324</font></p>
</td>
</tr>
<tr style="height: 18px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 365.65pt; background-color: #cceeff; height: 18px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt; background-color: #cceeff; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 56.7pt; background-color: #cceeff; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 365.65pt; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Current</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 56.7pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">478,863</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 365.65pt; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Non-current</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 56.7pt; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">977,461</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: left;"><br></p>
</div>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>48</font></font></td>
</tr>

</table>
<hr style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
</div>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<div>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Ultrapar Participa&#231;&#245;es S.A. and Subsidiaries</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Notes to the Parent&#8217;s Separate and Consolidated Interim Financial Information</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(In thousands of Brazilian Reais, unless otherwise stated)</font><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> 12. Investments</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"><br></font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt;" width="100%">

<tr style="height: 15.45pt;">
<td style="vertical-align: top; width: 18pt;">
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="font-style: italic; font-weight: bold;">a.</font><font style="font-style: italic; font-weight: bold;">&nbsp;</font></font></p>
</td>
<td style="vertical-align: top; width: 388.6pt;">
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="font-style: italic; font-weight: bold;">Subsidiaries and </font><font style="font-style: italic; font-weight: bold;">J</font><font style="font-style: italic; font-weight: bold;">oint</font><font style="font-style: italic; font-weight: bold;"> </font><font style="font-style: italic; font-weight: bold;">V</font><font style="font-style: italic; font-weight: bold;">enture (Parent </font><font style="font-style: italic; font-weight: bold;">C</font><font style="font-style: italic; font-weight: bold;">ompany)</font></font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;">The table below presents the full amounts of statements of financial position and statements of profit or loss of subsidiaries and joint venture:</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="height: 196px; border-collapse: collapse; margin-left: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%;" width="100%">

<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td colspan="8" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom: 1pt solid #000000; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">06/30/2020</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td colspan="5" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1pt solid #000000; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Subsidiaries</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom: 1pt solid #000000; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom: 1pt solid #000000; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Joint-venture</font></p>
</td>
</tr>
<tr style="height: 57px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 57px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 57px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Ultracargo - Opera&#231;&#245;es Log&#237;sticas e Participa&#231;&#245;es Ltda. </font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 57px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Oxiteno S.A. Ind&#250;stria e Com&#233;rcio&nbsp; </font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 57px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Ipiranga Produtos de Petr&#243;leo S.A.</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 57px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Ultrapar International S.A.</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 57px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">UVC</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 57px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Centro de Conveni&#234;ncias Millenium Ltda.</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 57px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 57px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Refinaria de Petr&#243;leo Riograndense S.A.</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 10px; width: 23%;">
<p style="margin: 0pt; text-align: left;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Number of shares or units held</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 10px; width: 13%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">11,839,764</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 10px; width: 10%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">35,102,127</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 10px; width: 10%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">224,467,228,244</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 10px; width: 10%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">49,995</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 10px; width: 10%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">150</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 10px; width: 10%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">15,194,789</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 10px; width: 2%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 10px; width: 10%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">5,078,888</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Assets&nbsp;&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,366,842</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">7,868,636</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">18,454,063</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">5,704,149</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,940</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2,273</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">502,805</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Liabilities</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">3,674</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">6,511,925</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">11,382,952</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">5,752,797</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">26</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,195</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">505,189</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Equity</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,363,168</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-size: 10pt; font-family: 'times new roman', times;">1,356,711 (*)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-size: 10pt; font-family: 'times new roman', times;">7,071,111 (*)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(48,648)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,914</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,078</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(2,384)</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; text-align: left;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Net revenue from sales and services</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,762,522</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">29,651,489</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">4,109</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">784,649</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Net income (loss)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">100,950</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-size: 10pt; font-family: 'times new roman', times;">(18,574) (*)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-size: 10pt; font-family: 'times new roman', times;">179,945 (*)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(21,148)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(1,096)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(660)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(64,053)</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">% of capital held</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">100</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">100</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">100</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">100</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">100</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">100</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">33</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><br></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 165px; width: 100%;" width="100%">

<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>
</td>
<td colspan="6" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom: 1pt solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">12/31/2019</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td colspan="4" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Subsidiaries</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Joint-venture</font></p>
</td>
</tr>
<tr style="height: 36px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 36px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 36px; border-top: 1pt solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Ultracargo - Opera&#231;&#245;es Log&#237;sticas e Participa&#231;&#245;es Ltda. </font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 36px; border-top: 1pt solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Oxiteno S.A. Ind&#250;stria e Com&#233;rcio&nbsp; </font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 36px; border-top: 1pt solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Ipiranga Produtos de Petr&#243;leo S.A.</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 36px; border-top: 1pt solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Ultrapar International S.A.</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 36px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 36px; border-top: 1pt solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Refinaria de Petr&#243;leo Riograndense S.A.</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 23%;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Number of shares or units held</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 15%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">11,839,764</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 15%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">35,102,127</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 15%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">224,467,228,244</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 15%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">49,995</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 2%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 15%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">5,078,888</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Assets</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,264,707</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">6,475,473</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">18,052,890</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">4,192,235</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">562,445</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Liabilities</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2,710</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">4,672,264</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">11,032,143</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">4,219,735</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">505,851</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Equity</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,261,997</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-size: 10pt; font-family: 'times new roman', times;">1,803,209 (*)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-size: 10pt; font-family: 'times new roman', times;">7,020,747 (*)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(27,500)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">56,594</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">% of capital held</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">100</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">100</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">100</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">100</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">33</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</div>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>49</font></font></td>
</tr>

</table>
<hr style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<div style="/* width: 8.5in; */margin: 0 auto;">
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Notes to the Parent&#8217;s Separate and Consolidated Interim Financial Information</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><br></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 138px; width: 100%;" width="100%">

<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 141.75pt; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>
</td>
<td colspan="6" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 432.45pt; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 10.6667px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: center; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">06/30/2019</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 141.75pt; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td colspan="4" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 340.15pt; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Subsidiaries</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.1pt; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 85.2pt; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Joint-venture</font></p>
</td>
</tr>
<tr style="height: 36px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 141.75pt; height: 36px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 85pt; height: 36px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Ultracargo - Opera&#231;&#245;es Log&#237;sticas e Participa&#231;&#245;es Ltda. </font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 85.05pt; height: 36px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Oxiteno S.A. Ind&#250;stria e Com&#233;rcio&nbsp; </font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 85.05pt; height: 36px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Ipiranga Produtos de Petr&#243;leo S.A.</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 85.05pt; height: 36px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Ultrapar International S.A.</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7.1pt; height: 36px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 85.2pt; height: 36px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Refinaria de Petr&#243;leo Riograndense S.A.</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 141.75pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Number of shares or units held</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 85pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">11,839,764</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 85.05pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">35,102,127</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 85.05pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">224,467,228,244</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 85.05pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">49,995</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.1pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 85.2pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">5,078,888</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 141.75pt; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Net revenue from sales and services&nbsp;</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 85pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">-</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 85.05pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">678,828</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 85.05pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">34,784,070</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 85.05pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.1pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 85.2pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">1,010,002</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 141.75pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Net income (loss)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 85pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(467)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 85.05pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">74,844 (*)</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 85.05pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">281,596 (*)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 85.05pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(31,907)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.1pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 85.2pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">1,568</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 141.75pt; height: 17px;">
<p style="margin: 0pt;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">% of capital held</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 85pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">100</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 85.05pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">100</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 85.05pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">100</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 85.05pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">100</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.1pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 85.2pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">33</font></p>
</td>
</tr>

</table>
<p><font style="font-size: 10pt; text-align: justify;">&nbsp;</font><br></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;">(*) adjusted for intercompany unrealized profits&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">The percentages in the table above are rounded.&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;">The financial information from our business segments is detailed in Note 32.</font></p>
</div>
</div>
<p style="margin: 0pt; text-align: right;"><br></p>
</div>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>50</font></font></td>
</tr>

</table>
<hr style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<div>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<div>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Ultrapar Participa&#231;&#245;es S.A. and Subsidiaries</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Notes to the Parent&#8217;s Separate and Consolidated Interim Financial Information</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(In thousands of Brazilian Reais, unless otherwise stated)</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;">Balances and changes in subsidiaries and joint venture are as follows:</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 312px; width: 100%;" width="100%">

<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td colspan="13" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Subsidiaries</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Joint-venture</font></p>
</td>
<td style="vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 46px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 46px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 46px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 46px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Ultracargo Opera&#231;&#245;es Log&#237;sticas e Participa&#231;&#245;es Ltda. </font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 46px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 46px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Oxiteno S.A. Ind&#250;stria e Com&#233;rcio&nbsp; </font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 46px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 46px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Ipiranga Produtos de Petr&#243;leo S.A.</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 46px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 46px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Ultrapar International S.A.</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 46px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 46px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">UVC</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 46px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 46px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Centro de Conveni&#234;ncias Millenium Ltda.</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 46px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 46px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Total</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 46px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 46px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Refinaria de Petr&#243;leo Riograndense S.A.</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 46px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 46px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Total</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; width: 22%; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Balance as of December 31, 2019</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; width: 1%; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; width: 8%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,261,997</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; width: 1%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; width: 7%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,803,209</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; width: 1%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; width: 7%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">7,020,747</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; width: 1%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; width: 7%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(27,497)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; width: 1%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; width: 8%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; width: 1%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; width: 8%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; width: 1%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; width: 8%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">10,058,456</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; width: 1%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; width: 8%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">18,792</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; width: 1%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; width: 8%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">10,077,248</font></p>
</td>
</tr>
<tr style="height: 34px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 34px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Share of profit (loss) of subsidiaries and joint venture</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 34px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">100,950</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(18,574)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">179,947</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(21,146)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(1,096)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(660)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">239,421</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(21,279)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">218,142</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Dividends</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(86,954)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(129,249)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(216,203)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(165)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(216,368)</font></p>
</td>
</tr>
<tr style="height: 34px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 34px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Tax liabilities on equity - method revaluation reserve</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 34px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(6)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(6)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(6)</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Equity instrument granted</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">192</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">263</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">826</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,281</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,281</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times;">Valuation adjustment of subsidiaries (i)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">64</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(477,303)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">467</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(476,772)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,860</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(474,912)</font></p>
</td>
</tr>
<tr style="height: 34px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 34px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Translation adjustments of foreign-based subsidiaries</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 34px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 34px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 34px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 34px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">136,122</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 34px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 34px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 34px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 34px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 34px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 34px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 34px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 34px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 34px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 34px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">136,122</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 34px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 34px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 34px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 34px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">136,122</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Capital increase in cash</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">3,010</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">549</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">3,559</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">3,559</font></p>
</td>
</tr>
<tr style="height: 34px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 34px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Loss due to the payments fixed dividends to preferred shares</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 34px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 34px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(35)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 34px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 34px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 34px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 34px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(481)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 34px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 34px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 34px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 34px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 34px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 34px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 34px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 34px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(516)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 34px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 34px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 34px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 34px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(516)</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Shareholder transaction - changes of investiments</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(1,189)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,189</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
</tr>
<tr style="height: 18px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Balance as of June 30, 2020</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom: 2.8pt double #000000; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"> 1,363,168</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom: 2.8pt double #000000; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"> 1,356,763</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom: 2.8pt double #000000; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"> 7,071,062</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom: 2.8pt double #000000; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(48,643)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom: 2.8pt double #000000; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"> 1,914</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom: 2.8pt double #000000; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"> 1,078</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom: 2.8pt double #000000; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"> 9,745,342</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom: 2.8pt double #000000; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(792)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"> 9,744,550</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times;">(i)<font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: normal;">&nbsp;&nbsp;&nbsp;&nbsp; </font>Refers, substantially to losses on the hedging instruments of exchange rate related to firm commitment and highly probable transactions designated as cash flows hedges, see Note 33.h.2.</font></p>
</div>
</div>
<br>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>51</font></font></td>
</tr>

</table>
<hr style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<div style="width: 8.5in; margin: 0 auto;">
<p style="font-size: 11pt; line-height: 115%; margin: 0pt 0pt 10pt; text-align: justify;"><br></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Notes to the Parent&#8217;s Separate and Consolidated Interim Financial Information</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font><br><br></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 356px; width: 100%;" width="100%">

<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 198.45pt; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td colspan="9" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 56.7pt; border-bottom: 1pt solid #000000; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Subsidiaries</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 56.7pt; border-bottom: 1pt solid #000000; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Joint-venture</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 57.35pt; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 85px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 198.45pt; height: 85px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 85px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; border-bottom: 1pt solid #000000; height: 85px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Ultracargo - Opera&#231;&#245;es Log&#237;sticas e Participa&#231;&#245;es Ltda. </font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 85px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; border-bottom: 1pt solid #000000; height: 85px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Oxiteno S.A. Ind&#250;stria e Com&#233;rcio&nbsp; </font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 85px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; border-bottom: 1pt solid #000000; height: 85px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Ipiranga Produtos de Petr&#243;leo S.A.</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 85px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; border-bottom: 1pt solid #000000; height: 85px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Ultrapar International S.A.</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 85px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; border-bottom: 1pt solid #000000; height: 85px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Total</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 85px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; border-bottom: 1pt solid #000000; height: 85px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Refinaria de Petr&#243;leo Riograndense S.A.</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; height: 85px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 57.35pt; border-bottom: 1pt solid #000000; height: 85px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Total</font></p>
</td>
</tr>
<tr style="height: 34px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 198.45pt; background-color: #cceeff; height: 34px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Balance as of December 31, 2018</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt; background-color: #cceeff; height: 34px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 56.7pt; background-color: #cceeff; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">1,277,423</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt; background-color: #cceeff; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 56.7pt; background-color: #cceeff; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2,806,655</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt; background-color: #cceeff; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 56.7pt; background-color: #cceeff; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">5,415,812</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt; background-color: #cceeff; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 56.7pt; background-color: #cceeff; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">9,590</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt; background-color: #cceeff; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 56.7pt; background-color: #cceeff; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">9,509,480</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt; background-color: #cceeff; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 56.7pt; background-color: #cceeff; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">20,118</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt; background-color: #cceeff; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 57.35pt; background-color: #cceeff; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">9,529,598</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 198.45pt; height: 10px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Share of profit (loss) of subsidiaries and joint venture</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt; height: 10px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 56.7pt; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(467)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 56.7pt; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">74,844</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 56.7pt; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">281,563</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 56.7pt; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(31,904)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 56.7pt; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">324,036</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 56.7pt; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">521</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 57.35pt; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">324,557</font></p>
</td>
</tr>
<tr style="height: 12px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 198.45pt; background-color: #cceeff; height: 12px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Dividends&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt; background-color: #cceeff; height: 12px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 56.7pt; background-color: #cceeff; height: 12px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(50,015)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt; background-color: #cceeff; height: 12px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 56.7pt; background-color: #cceeff; height: 12px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(991,490)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt; background-color: #cceeff; height: 12px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 56.7pt; background-color: #cceeff; height: 12px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt; background-color: #cceeff; height: 12px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 56.7pt; background-color: #cceeff; height: 12px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt; background-color: #cceeff; height: 12px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 56.7pt; background-color: #cceeff; height: 12px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(1,041,505)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt; background-color: #cceeff; height: 12px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 56.7pt; background-color: #cceeff; height: 12px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(1,221)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt; background-color: #cceeff; height: 12px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 57.35pt; background-color: #cceeff; height: 12px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(1,042,726)</font></p>
</td>
</tr>
<tr style="height: 34px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 198.45pt; height: 34px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Tax liabilities on equity - method revaluation reserve</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt; height: 34px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 56.7pt; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 56.7pt; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 56.7pt; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(25)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 56.7pt; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 56.7pt; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(25)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 56.7pt; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 57.35pt; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(25)</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 198.45pt; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Equity instrument granted</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 56.7pt; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">89</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 56.7pt; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">284</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 56.7pt; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2,863</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 56.7pt; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 56.7pt; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">3,236</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 56.7pt; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 57.35pt; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">3,236</font></p>
</td>
</tr>
<tr style="height: 34px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 198.45pt; height: 34px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Valuation adjustment of subsidiaries</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt; height: 34px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 56.7pt; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">19</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 56.7pt; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">15,842</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 56.7pt; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">121</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 56.7pt; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 56.7pt; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">15,982</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 56.7pt; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(2,369)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 57.35pt; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">13,613</font></p>
</td>
</tr>
<tr style="height: 34px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 198.45pt; background-color: #cceeff; height: 34px;">
<p style="margin: 0pt;"><font lang="DE" style="font-size: 10pt; font-family: 'Times New Roman', serif; color: black;"> Translation adjustments of foreign-based subsidiaries </font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt; background-color: #cceeff; height: 34px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 56.7pt; background-color: #cceeff; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt; background-color: #cceeff; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 56.7pt; background-color: #cceeff; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(5,946)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt; background-color: #cceeff; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 56.7pt; background-color: #cceeff; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt; background-color: #cceeff; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 56.7pt; background-color: #cceeff; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt; background-color: #cceeff; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 56.7pt; background-color: #cceeff; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(5,946)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt; background-color: #cceeff; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 56.7pt; background-color: #cceeff; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt; background-color: #cceeff; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 57.35pt; background-color: #cceeff; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(5,946)</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 198.45pt; height: 10px;">
<p style="margin: 0pt;"><font lang="DE" style="font-size: 10pt; font-family: 'Times New Roman', serif; color: black;"> Capital increase in cash </font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt; height: 10px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 56.7pt; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 56.7pt; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 56.7pt; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,450,000</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 56.7pt; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 56.7pt; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,450,000</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 56.7pt; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 57.35pt; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,450,000</font></p>
</td>
</tr>
<tr style="height: 51px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 198.45pt; background-color: #cceeff; height: 51px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Redemption of non-controlling shares of Oxiteno Nordeste</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt; background-color: #cceeff; height: 51px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 56.7pt; background-color: #cceeff; border-bottom: 1pt solid #000000; height: 51px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">402</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt; background-color: #cceeff; height: 51px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 56.7pt; background-color: #cceeff; border-bottom: 1pt solid #000000; height: 51px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(856)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt; background-color: #cceeff; height: 51px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 56.7pt; background-color: #cceeff; border-bottom: 1pt solid #000000; height: 51px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt; background-color: #cceeff; height: 51px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 56.7pt; background-color: #cceeff; border-bottom: 1pt solid #000000; height: 51px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt; background-color: #cceeff; height: 51px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 56.7pt; background-color: #cceeff; border-bottom: 1pt solid #000000; height: 51px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(454)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt; background-color: #cceeff; height: 51px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 56.7pt; background-color: #cceeff; border-bottom: 1pt solid #000000; height: 51px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt; background-color: #cceeff; height: 51px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 57.35pt; background-color: #cceeff; border-bottom: 1pt solid #000000; height: 51px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(454)</font></p>
</td>
</tr>
<tr style="height: 18px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 198.45pt; height: 18px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Balance as of June 30, 2019</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt; height: 18px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 56.7pt; border-bottom: 2.8pt double #000000; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,227,451</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 56.7pt; border-bottom: 2.8pt double #000000; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,899,333</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 56.7pt; border-bottom: 2.8pt double #000000; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">7,150,334</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 56.7pt; border-bottom: 2.8pt double #000000; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(22,314)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 56.7pt; border-bottom: 2.8pt double #000000; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">10,254,804</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 56.7pt; border-bottom: 2.8pt double #000000; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">17,049</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 57.35pt; border-bottom: 2.8pt double #000000; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">10,271,853</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</div>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>52</font></font></td>
</tr>

</table>
<hr style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<p style="margin: 0pt; text-align: right;"><br></p>
</div>
<div>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Ultrapar Participa&#231;&#245;es S.A. and Subsidiaries</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Notes to the Parent&#8217;s Separate and Consolidated Interim Financial Information</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(In thousands of Brazilian Reais, unless otherwise stated)</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt;" width="100%">

<tr style="height: 15.45pt;">
<td style="vertical-align: top; width: 26.55pt;">
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="font-style: italic; font-weight: bold;">b.</font><font style="font-style: italic; font-weight: bold;">&nbsp;</font></font></p>
</td>
<td style="vertical-align: top; width: 398.7pt;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold;">Joint Ventures (Consolidated)</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;">The Company holds an interest in Refinaria de Petr&#243;leo Riograndense (&#8220;RPR&#8221;), which is primarily engaged in oil refining.</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;">The subsidiary Ultracargo &#8211; Opera&#231;&#245;es Log&#237;sticas e Participa&#231;&#245;es Ltda. (&#8220;Ultracargo Participa&#231;&#245;es&#8221;) holds an interest in Uni&#227;o Vopak &#8211; Armaz&#233;ns Gerais Ltda. (&#8220;Uni&#227;o Vopak&#8221;), which is primarily engaged in liquid bulk storage in the port of Paranagu&#225;.</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;">The subsidiary IPP holds an interest in ConectCar, which is primarily engaged in automatic payment of tolls and parking in the States of Bahia, Cear&#225;, Esp&#237;rito Santo, Goi&#225;s, Mato Grosso, Mato Grosso do Sul, Minas Gerais, Paran&#225;, Pernambuco, Rio de Janeiro, Rio Grande do Sul, Santa Catarina, S&#227;o Paulo and Distrito Federal.</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;">On September 23, 2019, for the port concession BEL02A at the port of Miramar, Latitude Log&#237;stica Portu&#225;ria S.A. (&#8220;Latitude&#8221;) was incorporated. On August 5, 2019, Navegantes Log&#237;stica Portu&#225;ria S.A. (&#8220;Navegantes&#8221;) was incorporated for the port of Vit&#243;ria. On August 19, 2019, in the city of Cabedelo, Nordeste Log&#237;stica I S.A. ("Nordeste Log&#237;stica I"), Nordeste Log&#237;stica II S.A. ("Nordeste Log&#237;stica II") and Nordeste Log&#237;stica III S.A. ("Nordeste Log&#237;stica III&#8221;) were incorporated (see Note 34.c).</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;">These investments are accounted for under the equity method of accounting based on their interim financial information as of June 30, 2020.</font></p>
</div>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><br></font></p>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>53</font></font></td>
</tr>

</table>
<hr style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<div style="width: 8.5in; margin: 0 auto;">
<div>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><br></font></p>
<p style="margin: 0pt; text-align: left;">Ultrapar<font style="font-size: 10pt; text-align: justify;"> </font>Participa&#231;&#245;es<font style="font-size: 10pt; text-align: justify;"> S.A. and Subsidiaries</font></p>
</div>
<div>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Notes to the Parent&#8217;s Separate and Consolidated Interim Financial Information</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(In thousands of Brazilian Reais, unless otherwise stated)</font><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Balances and changes in joint ventures are as follows:</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; height: 154px; width: 100%; text-indent: 0px;" width="100%">

<tr style="height: 34px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px; border-bottom: 1pt solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Uni&#227;o Vopak</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px; border-bottom: 1pt solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">RPR</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 34px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px; border-bottom: 1pt solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">ConectCar</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px; border-bottom: 1pt solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Latitude Log&#237;stica</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px; border-bottom: 1pt solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Navegantes Log&#237;stica</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px; border-bottom: 1pt solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Nordeste Log&#237;stica I</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px; border-bottom: 1pt solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Nordeste Log&#237;stica II</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px; border-bottom: 1pt solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Nordeste Log&#237;stica III</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px; border-bottom: 1pt solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Total</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px; width: 25%;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Balance as of December 31, 2019</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px; width: 7%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">7,342</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px; width: 1%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px; width: 7%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">18,792</font></p>
</td>
<td style="padding: 0px; vertical-align: middle; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; width: 1%;">
<p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px; width: 7%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">82,818</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px; width: 7%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">10,351</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px; width: 7%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">23,581</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px; width: 8%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,930</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px; width: 8%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">4,183</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px; width: 9%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">4,079</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px; width: 7%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">153,076</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Capital increase</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">10,000</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">10,000</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Valuation adjustments&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,860</font></p>
</td>
<td style="padding: 0px; vertical-align: middle; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,860</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Dividends&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(165)</font></p>
</td>
<td style="padding: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(165)</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Share of profit (loss) of joint ventures</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px; border-bottom: 1pt solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">354</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px; border-bottom: 1pt solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(21,279)</font></p>
</td>
<td style="padding: 0px; vertical-align: middle; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px; border-bottom: 1pt solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(6,282)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px; border-bottom: 1pt solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px; border-bottom: 1pt solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px; border-bottom: 1pt solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px; border-bottom: 1pt solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px; border-bottom: 1pt solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px; border-bottom: 1pt solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(27,207)</font></p>
</td>
</tr>
<tr style="height: 18px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px;">
<p style="margin: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Balance as of June 30, 2020</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; border-bottom: 2.8pt double #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">7,696</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; border-bottom: 2.8pt double #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(792)</font></p>
</td>
<td style="padding: 0px; vertical-align: middle; height: 18px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; border-bottom: 2.8pt double #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">86,536</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; border-bottom: 2.8pt double #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">10,351</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; border-bottom: 2.8pt double #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">23,581</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; border-bottom: 2.8pt double #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,930</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; border-bottom: 2.8pt double #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">4,183</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; border-bottom: 2.8pt double #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">4,079</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; border-bottom: 2.8pt double #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">137,564</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; height: 120px; width: 100%; text-indent: 0px;" width="100%">

<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Uni&#227;o Vopak</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">RPR</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">ConectCar</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Total</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 61%;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Balance as of December 31, 2018</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 9%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">7,446</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 9%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">20,118</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%;">
<p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 9%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">74,390</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 9%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">101,954</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Capital increase</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">8,750</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">8,750</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Valuation adjustments</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(2,369)</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(2,369)</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Dividends&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(1,473)</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(1,221)</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(2,694)</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Share of profit (loss) of joint ventures</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,082</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">521</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(12,920)</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(11,317)</font></p>
</td>
</tr>
<tr style="height: 18px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Balance as of June 30, 2019</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">7,055</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 18px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">17,049</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 18px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">70,220</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 18px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">94,324</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</div>
</div>
</div>
<div>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>54</font></font></td>
</tr>

</table>
<hr style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
</div>
<div>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Ultrapar Participa&#231;&#245;es S.A. and Subsidiaries</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Notes to the Parent&#8217;s Separate and Consolidated Interim Financial Information</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(In thousands of Brazilian Reais, unless otherwise stated)</font><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;">The table below presents the statements of financial position and statements of profit or loss of joint ventures: </font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt;" width="100%">

<tr style="height: 11.35pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>
</td>
<td colspan="5" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1pt solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">06/30/2020</font></p>
</td>
</tr>
<tr style="height: 11.35pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Uni&#227;o Vopak</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">RPR</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">ConectCar</font></p>
</td>
</tr>
<tr style="height: 11.35pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; width: 51%;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Current assets</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; width: 15%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">8,564</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; width: 2%;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; width: 15%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">361,522</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; width: 2%;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; width: 15%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">126,415</font></p>
</td>
</tr>
<tr style="height: 11.35pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Non-current assets</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">8,928</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">141,283</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">165,626</font></p>
</td>
</tr>
<tr style="height: 11.35pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Current liabilities</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,966</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">436,611</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">118,645</font></p>
</td>
</tr>
<tr style="height: 11.35pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Non-current liabilities</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">134</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">68,578</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">324</font></p>
</td>
</tr>
<tr style="height: 11.35pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Equity</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">15,392</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(2,384)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">173,072</font></p>
</td>
</tr>
<tr style="height: 11.35pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Net revenue from sales and services</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">8,488</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">784,649</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">45,171</font></p>
</td>
</tr>
<tr style="height: 11.35pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Costs, operating expenses and income</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(7,264)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(861,172)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(60,969)</font></p>
</td>
</tr>
<tr style="height: 11.35pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Net financial income and income and social contribution taxes</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(516)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">12,470</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">3,234</font></p>
</td>
</tr>
<tr style="height: 11.35pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Net income (loss)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">708</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(64,053)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(12,564)</font></p>
</td>
</tr>
<tr style="height: 11.35pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 11.35pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Number of shares or units held</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">29,995</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">5,078,888</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">248,768,000</font></p>
</td>
</tr>
<tr style="height: 11.35pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">% of capital held</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">50</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">33</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">50</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt;" width="100%">

<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td colspan="5" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom: 1pt solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">12/31/2019</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Uni&#227;o Vopak</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">RPR</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">ConectCar</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; width: 51%;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Current assets</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; width: 15%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">6,818</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; width: 2%;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; width: 15%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">428,880</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; width: 2%;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; width: 15%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">159,972</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Non-current assets</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">9,182</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">133,565</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">161,817</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Current liabilities</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,116</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">418,289</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">155,542</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Non-current liabilities</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">200</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">87,562</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">612</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Equity</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">14,684</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">56,594</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">165,635</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Number of shares or units held</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">29,995</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">5,078,888</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">228,768,000</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">% of capital held</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">50</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">33</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">50</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt;" width="100%">

<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td colspan="5" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom: 1pt solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">06/30/2019</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Uni&#227;o Vopak</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">RPR</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">ConectCar</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; width: 51%;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Net revenue from sales and services</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; width: 15%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">8,404</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; width: 2%;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; width: 15%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,010,002</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; width: 2%;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; width: 15%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">36,584</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Costs, operating expenses and income</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(5,922)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(1,007,683)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(63,856)</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Net financial income and income and social contribution taxes</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(316)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(751)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,432</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Net income (loss)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2,166</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,568</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(25,840)</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Number of shares or units held</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">29,995</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">5,078,888</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">193,768,000</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">% of capital held</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">50</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">33</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">50</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">The percentages in the table above are rounded.&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
</div>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>55</font></font></td>
</tr>

</table>
<hr style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<div style="width: 8.5in; margin: 0 auto;">
<div>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="font-size: 11pt; line-height: 115%; margin: 0pt 0pt 10pt; text-align: justify;"><font style="font-size: 10pt;">Ultrapar Participa&#231;&#245;es S.A. and Subsidiaries&nbsp;</font></p>
</div>
<div>
<p style="margin: 0pt; text-align: justify;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Notes to the Parent&#8217;s Separate and Consolidated Interim Financial Information</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(In thousands of Brazilian Reais, unless otherwise stated)</font><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp; &nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt;" width="100%">

<tr style="height: 15.45pt;">
<td style="vertical-align: top; width: 18pt;">
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="font-style: italic; font-weight: bold;">c.</font><font style="font-style: italic; font-weight: bold;">&nbsp;</font></font></p>
</td>
<td style="vertical-align: top; width: 334.95pt;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold;">Associates (Consolidated)</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;">Subsidiary IPP holds an interest in Transportadora Sulbrasileira de G&#225;s S.A., which is primarily engaged in natural gas transportation services.</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;">Subsidiary Oxiteno S.A. holds an interest in Oxicap Ind&#250;stria de Gases Ltda. (&#8220;Oxicap&#8221;), which is primarily engaged in the supply of nitrogen and oxygen for its shareholders in the Mau&#225; petrochemical complex. The subsidiary Oxiteno S.A. holds an interest in Qu&#237;mica da Bahia Ind&#250;stria e Com&#233;rcio S.A., which is primarily engaged in manufacturing, marketing, and processing of chemicals. The operations of this associate are currently suspended.</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;">Subsidiary Cia. Ultragaz holds an interest in Metal&#250;rgica Plus S.A., which is primarily engaged in the manufacture and trading of LPG containers. The operations of this associate are currently suspended.</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;">Subsidiary Cia. Ultragaz holds an interest in Plenog&#225;s Distribuidora de G&#225;s S.A., which is primarily engaged in the marketing of LPG. The operations of this associate are currently suspended.</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font><font style="font-size: 10pt; font-family: 'times new roman', times;">These investments are accounted for under the equity method of accounting based on the interim financial information as of June 30, 2020.</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="font-size: 11pt; line-height: 115%; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Balances and changes in associates are as follows:</font></p>
<p style="font-size: 11pt; line-height: 115%; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; text-indent: 0px; width: 100%; height: 120px;" width="100%">

<tr style="height: 51px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 51px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1pt solid #000000; height: 51px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Transportadora Sulbrasileira de G&#225;s S.A. </font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 51px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1pt solid #000000; height: 51px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Oxicap Ind&#250;stria de Gases Ltda.</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 51px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1pt solid #000000; height: 51px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Qu&#237;mica da Bahia Ind&#250;stria e Com&#233;rcio S.A.</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 51px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1pt solid #000000; height: 51px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Metal&#250;rgica Plus S.A.</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 51px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1pt solid #000000; height: 51px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Plenog&#225;s Distribuidora de G&#225;s S.A.</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 51px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1pt solid #000000; height: 51px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Total</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 26%; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Balance as of December 31, 2019</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 12%; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">5,661</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; width: 2%; background-color: #cceeff; height: 17px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 10%; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">15,934</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; width: 2%; background-color: #cceeff; height: 17px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 12%; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">3,554</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; width: 2%; background-color: #cceeff; height: 17px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 10%; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">138</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; width: 2%; background-color: #cceeff; height: 17px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 10%; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">463</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; width: 2%; background-color: #cceeff; height: 17px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 10%; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">25,750</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Dividends</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(1,808)</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(1,808)</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Share of profit (loss) of associates</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; border-bottom: 1pt solid #000000; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,128</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; border-bottom: 1pt solid #000000; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">354</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; border-bottom: 1pt solid #000000; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(9)</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; border-bottom: 1pt solid #000000; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(46)</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; border-bottom: 1pt solid #000000; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">82</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;">
<p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; border-bottom: 1pt solid #000000; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,509</font></p>
</td>
</tr>
<tr style="height: 18px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px;">
<p style="margin: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times;">Balance as of June 30, 2020</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom: 2.8pt double #000000; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">4,981</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 18px;">
<p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom: 2.8pt double #000000; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">16,288</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 18px;">
<p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom: 2.8pt double #000000; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">3,545</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 18px;">
<p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom: 2.8pt double #000000; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">92</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 18px;">
<p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom: 2.8pt double #000000; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">545</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 18px;">
<p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom: 2.8pt double #000000; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">25,451</font></p>
</td>
</tr>

</table>
<p style="font-size: 11pt; line-height: 115%; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</div>
</div>
<p style="font-size: 11pt; line-height: 115%; margin: 0pt 0pt 10pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
</div>
<div>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>56</font></font></td>
</tr>

</table>
<hr style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<p style="font-size: 11pt; line-height: 115%; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Notes to the Parent&#8217;s Separate and Consolidated Interim Financial Information</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)<br><br></font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; text-indent: 0px; height: 120px; width: 100%;" width="100%">

<tr style="height: 51px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 51px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1pt solid #000000; height: 51px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Transportadora Sulbrasileira de G&#225;s S.A. </font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 51px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1pt solid #000000; height: 51px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Oxicap Ind&#250;stria de Gases Ltda.</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 51px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1pt solid #000000; height: 51px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Qu&#237;mica da Bahia Ind&#250;stria e Com&#233;rcio S.A.</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 51px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1pt solid #000000; height: 51px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Metal&#250;rgica Plus S.A.</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 51px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1pt solid #000000; height: 51px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Plenog&#225;s Distribuidora de G&#225;s S.A.</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 51px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 51px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Total</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; width: 26%; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Balance as of December 31, 2018</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; width: 12%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">4,689</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 2%; height: 17px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; width: 10%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">15,366</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 2%; height: 17px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; width: 12%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">3,590</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 2%; height: 17px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; width: 10%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">228</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 2%; height: 17px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; width: 10%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">465</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 2%; height: 17px;">
<p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; width: 10%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">24,338</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Dividends</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(381)</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">30</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(351)</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Share of profit (loss) of associates</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; border-bottom: 1pt solid #000000; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">921</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; border-bottom: 1pt solid #000000; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">360</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; border-bottom: 1pt solid #000000; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(19)</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; border-bottom: 1pt solid #000000; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(46)</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; border-bottom: 1pt solid #000000; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">53</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; border-bottom: 1pt solid #000000; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,269</font></p>
</td>
</tr>
<tr style="height: 18px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px;">
<p style="margin: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Balance as of June 30, 2019</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom: 2.8pt double #000000; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">5,229</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 18px;">
<p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom: 2.8pt double #000000; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">15,726</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 18px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom: 2.8pt double #000000; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">3,571</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 18px;">
<p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom: 2.8pt double #000000; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">182</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 18px;">
<p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom: 2.8pt double #000000; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">548</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 18px;">
<p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom: 2.8pt double #000000; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">25,256</font></p>
</td>
</tr>

</table>
<p style="font-size: 11pt; line-height: 115%; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</div>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>57</font></font></td>
</tr>

</table>
<hr style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<div style="width: 8.5in; margin: 0 auto;">
<div>
<p style="font-size: 11pt; line-height: 115%; margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><br></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Notes to the Parent&#8217;s Separate and Consolidated Interim Financial Information</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></p>
</div>
<div>
<p style="font-size: 11pt; line-height: 115%; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="font-size: 11pt; line-height: 115%; margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;">The table below presents the statements of financial position and statements of profit or loss of associates: </font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt;" width="100%">

<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>
</td>
<td colspan="9" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom: 1pt solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">06/30/2020</font></p>
</td>
</tr>
<tr style="height: 36pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Transportadora Sulbrasileira de G&#225;s S.A. </font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Oxicap Ind&#250;stria de Gases Ltda.</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Qu&#237;mica da Bahia Ind&#250;stria e Com&#233;rcio S.A.</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Metal&#250;rgica Plus S.A.</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Plenog&#225;s Distribuidora de G&#225;s S.A.</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; width: 32%;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Current assets</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; width: 12%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">7,954</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 2%;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; width: 12%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">55,181</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 2%;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; width: 12%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">53</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 2%;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; width: 12%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">59</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 2%;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; width: 12%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">303</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Non-current assets</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">13,431</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">82,176</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">10,146</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">558</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2,439</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Current liabilities</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">861</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">19,445</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">39</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">187</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Non-current liabilities</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">602</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">9,945</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">3,109</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">302</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">918</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Equity</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">19,923</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">107,967</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">7,090</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">276</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,637</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Net revenue from sales and services</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">5,776</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">30,335</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Costs, operating expenses and income</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(2,992)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(26,412)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(18)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(112)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">265</font></p>
</td>
</tr>
<tr style="height: 24pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Net financial income and income and social contribution taxes</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(261)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(1,576)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(29)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(18)</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Net income (loss)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2,523</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2,347</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(18)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(141)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">247</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Number of shares or units held</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">20,124,996</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,987</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,493,120</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">3,000</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,384,308</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">% of capital held</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">25</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">15</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">50</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">33</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">33</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt;" width="100%">

<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td colspan="9" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom: 1pt solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">12/31/2019</font></p>
</td>
</tr>
<tr style="height: 36pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
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<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Transportadora Sulbrasileira de G&#225;s S.A. </font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Oxicap Ind&#250;stria de Gases Ltda.</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Qu&#237;mica da Bahia Ind&#250;stria e Com&#233;rcio S.A.</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Metal&#250;rgica Plus S.A.</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Plenog&#225;s Distribuidora de G&#225;s S.A.</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; width: 32%;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Current assets</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; width: 12%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">12,172</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 2%;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; width: 12%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">45,178</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 2%;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; width: 12%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">71</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 2%;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; width: 12%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">40</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; width: 2%;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; width: 12%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">151</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Non-current assets</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">14,041</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">84,705</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">10,147</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">703</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2,440</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Current liabilities</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2,944</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">11,041</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">25</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">34</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Non-current liabilities</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">626</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">9,634</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">3,110</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">302</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,167</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Equity</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">22,643</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">109,208</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">7,108</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">416</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,390</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 13.7pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Number of shares or units held</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">20,124,996</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,987</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,493,120</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">3,000</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,384,308</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">% of capital held</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">25</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">15</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">50</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">33</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">33</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 181px; width: 100%;" width="100%">

<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>
</td>
<td colspan="9" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom: 1pt solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">06/30/2019</font></p>
</td>
</tr>
<tr style="height: 35px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 35px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 35px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Transportadora Sulbrasileira de G&#225;s S.A. </font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 35px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 35px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Oxicap Ind&#250;stria de Gases Ltda.</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 35px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 35px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Qu&#237;mica da Bahia Ind&#250;stria e Com&#233;rcio S.A.</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 35px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 35px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Metal&#250;rgica Plus S.A.</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 35px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 35px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Plenog&#225;s Distribuidora de G&#225;s S.A.</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 32%;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Net revenue from sales and services</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 12%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">6,530</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 2%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 12%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">27,566</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 2%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 12%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 2%;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 12%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 2%;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 12%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Costs, operating expenses and income</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(2,524)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(23,799)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(48)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(111)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">170</font></p>
</td>
</tr>
<tr style="height: 27px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 27px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Net financial income and income and social contribution taxes</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 27px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(107)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 27px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 27px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(1,380)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 27px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 27px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">10</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 27px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 27px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(28)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 27px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 27px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(11)</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Net income (loss)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">3,899</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2,387</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(38)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(139)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">159</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Number of shares or units held</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">20,124,996</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,987</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,493,120</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">3,000</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,384,308</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">% of capital held</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">25</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">15</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">50</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">33</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">33</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">The percentages in the table above are rounded.</font></p>
</div>
</div>
<p style="font-size: 11pt; line-height: 115%; margin: 0pt; text-align: justify;"><br></p>
</div>
<div>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>58</font></font></td>
</tr>

</table>
<hr style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
</div>
</div><div style="font-family: 'times new roman', times; font-size: 10pt;">
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-style: initial; text-decoration-color: initial;">Ultrapar<font style="font-family: 'Times New Roman'; font-size: 10pt; text-align: justify;"><font>&nbsp;</font></font>Participa&#231;&#245;es<font style="font-family: 'Times New Roman'; font-size: 10pt; text-align: justify;"><font>&nbsp;</font>S.A. and Subsidiaries</font><br></p>
<div style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-style: initial; text-decoration-color: initial;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Notes to the Parent&#8217;s Separate and Consolidated Interim Financial Information</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></p>
</div>
<div>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">13.</font><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: normal; font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman'; font-weight: bold;">&nbsp;</font><font style="font-family: 'Times New Roman'; font-weight: bold;">Right to Use Assets and Leases payable&nbsp;</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Some of the subsidiaries of the Company have real estate leases, substantially related to: (i) Ipiranga: fuel stations</font><font style="font-family: 'Times New Roman';"> and distribution center</font><font style="font-family: 'Times New Roman';">; (ii) Extrafarma: pharmacies</font><font style="font-family: 'Times New Roman';"> and distribution center</font><font style="font-family: 'Times New Roman';">; (iii) Ultragaz: points of sale and bottling base; (iv) Ultracargo: port areas; and (v) Oxiteno: industrial plant. </font><font style="font-family: 'Times New Roman';">Some subsidiaries also have lease agreements relating to vehicles.</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<ol type="a" style="margin: 0pt; padding-left: 0pt;">
<li style="font-family: 'Times New Roman'; font-size: 11pt; font-style: italic; font-weight: bold; list-style-position: inside; margin: 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt;"><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: normal; font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">Right to Use Assets</font></font></li>
</ol>
<br>
<table style="width: 100%; margin-left: 0.1px; height: 10px; font-family: 'times new roman'; font-size: 10pt;">

<tr style="height: 10px;">
<td style="width: 5%; height: 10px; padding: 0px; text-align: center;"><font style="font-size: 10pt;">&#8226;</font><br></td>
<td style="width: 95%; height: 10px;"><font style="font-size: 10pt;"> <b style="mso-bidi-font-weight: normal;"><i style="mso-bidi-font-style: normal;"><font lang="DE" style="font-family: 'Times New Roman', serif;"><font style="mso-prop-change: 'Angelica Miguel dos Santos' 20200811T0122;">Parent</font></font></i></b> </font></td>
</tr>

</table>
<table cellspacing="0" cellpadding="0" style="height: 188px; border-collapse: collapse; margin-left: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%;" width="100%">

<tr style="height: 49px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 49px; width: 26.8382%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 49px; width: 10.6618%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Weighted average useful life (years)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 49px; border-bottom: 1pt solid #000000; width: 10.7843%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Balance on 12/31/2019</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 49px; width: 1.59314%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 49px; border-bottom: 1pt solid #000000; width: 10.7843%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Additions and remeasurement</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 49px; width: 1.59314%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 49px; border-bottom: 1pt solid #000000; width: 10.7843%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Assignment of contract (i)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 49px; width: 1.59314%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 49px; border-bottom: 1pt solid #000000; width: 10.9069%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Amortization</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 49px; width: 1.59314%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 49px; border-bottom: 1pt solid #000000; width: 11.152%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Balance on 06/30/2020</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 26.8382%; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Cost:</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 10.6618%; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 10.7843%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 1.59314%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 10.7843%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 1.59314%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 10.7843%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 1.59314%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 10.9069%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 1.59314%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 11.152%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 26.8382%;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Real estate</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 10.6618%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">7</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 10.7843%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">5,799</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 1.59314%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 10.7843%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,007</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 1.59314%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 10.7843%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">35,001</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 1.59314%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 10.9069%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 1.59314%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 11.152%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">41,807</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 26.8382%; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Vehicles</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 10.6618%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom: 1pt solid #000000; width: 10.7843%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 1.59314%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom: 1pt solid #000000; width: 10.7843%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,474</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 1.59314%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom: 1pt solid #000000; width: 10.7843%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 1.59314%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom: 1pt solid #000000; width: 10.9069%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 1.59314%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom: 1pt solid #000000; width: 11.152%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,474</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 26.8382%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 10.6618%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 10.7843%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">5,799</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 1.59314%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 10.7843%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,481</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 1.59314%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 10.7843%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">35,001</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 1.59314%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 10.9069%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 1.59314%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 11.152%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">43,281</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 26.8382%; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Accumulated amortization:</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 10.6618%; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 10.7843%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 1.59314%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 10.7843%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 1.59314%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 10.7843%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 1.59314%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 10.9069%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 1.59314%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 11.152%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 26.8382%;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Real estate</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 10.6618%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 10.7843%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 1.59314%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 10.7843%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 1.59314%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 10.7843%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(4,763)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 1.59314%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 10.9069%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,731)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 1.59314%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 11.152%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(6,494)</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 26.8382%; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Vehicles</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 10.6618%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 10.7843%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 1.59314%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 10.7843%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 1.59314%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 10.7843%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 1.59314%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 10.9069%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(123)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 1.59314%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 11.152%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(123)</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; width: 26.8382%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; width: 10.6618%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; border-bottom: 1pt solid #000000; width: 10.7843%; border-top: 1pt solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; width: 1.59314%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; border-bottom: 1pt solid #000000; width: 10.7843%; border-top: 1pt solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; width: 1.59314%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; border-bottom: 1pt solid #000000; width: 10.7843%; border-top: 1pt solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(4,763)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; width: 1.59314%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; border-bottom: 1pt solid #000000; width: 10.9069%; border-top: 1pt solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,854)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; width: 1.59314%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; border-bottom: 1pt solid #000000; width: 11.152%; border-top: 1pt solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(6,617)</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; width: 26.8382%; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Net amount</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; width: 10.6618%; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; width: 10.7843%; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">5,799</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; width: 1.59314%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; width: 10.7843%; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,481</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; width: 1.59314%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; width: 10.7843%; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">30,238</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; width: 1.59314%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; width: 10.9069%; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,854)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; width: 1.59314%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; width: 11.152%; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">36,664</font></p>
</td>
</tr>

</table>
<p align="left" style="text-align: left; margin: 0cm 0cm 0.0001pt; font-size: 11pt; font-family: 'Times New Roman', serif;"><font lang="EN-US" style="font-size: 10pt;"><br></font></p>
<p align="left" style="text-align: left; margin: 0cm 0cm 0.0001pt; font-size: 11pt; font-family: 'Times New Roman', serif;"><font lang="EN-US" style="font-size: 10pt;">(i) Assignment of contract of the Company Ultragaz from Ultrapar due implantation of Shared Service Center (&#8220;SSC&#8221;).</font><font lang="EN-US" style="font-size: 8.5pt; font-family: 'Segoe UI','sans-serif'; mso-ansi-language: EN-US; mso-fareast-language: PT-BR; mso-bidi-font-weight: bold;"></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</div>
</div>
<div>
<div style="width: 8.5in; margin: 0 auto;">
<table style="width: 100%; margin-left: 0.1px; height: 10px; font-family: 'times new roman'; font-size: 10pt;">

<tr style="height: 10px;">
<td style="width: 5%; height: 10px; padding: 0px; text-align: center;"><font style="font-size: 10pt;">&#8226;</font><br></td>
<td style="width: 95%; height: 10px;"><font style="font-weight: bold; font-style: italic;">Consolidated</font></td>
</tr>

</table>
<table cellspacing="0" cellpadding="0" width="100%" style="font-size: 10pt; margin-left: 0pt; font-family: 'times new roman'; height: 356px; width: 100%;">

<tr style="height: 49px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 49px; width: 23.4069%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 49px; width: 9.68137%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Weighted average useful life (years)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 49px; width: 9.80392%; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Balance on 12/31/2019</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 49px; width: 1.59314%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 49px; width: 9.92647%; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Additions and remeasurement</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 49px; width: 1.59314%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 49px; width: 9.68137%; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Write-offs</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 49px; width: 1.59314%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 49px; width: 9.68137%; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Effect of foreign currency exchange rate variation</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 49px; width: 1.59314%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 49px; border-bottom: 1pt solid #000000; width: 9.92647%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Amortization</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 49px; width: 1.59314%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 49px; border-bottom: 1pt solid #000000; width: 9.80392%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Balance on 06/30/2020</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 23.4069%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Cost:</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 9.68137%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 9.80392%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 1.59314%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 9.92647%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 1.59314%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 9.68137%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 1.59314%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 9.68137%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 1.59314%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 9.92647%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 1.59314%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 9.80392%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 23.4069%;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Real estate</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 9.68137%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">10</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 9.80392%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,068,254</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 1.59314%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 9.92647%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">93,964</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 1.59314%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 9.68137%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(29,989)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 1.59314%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 9.68137%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4,722</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 1.59314%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 9.92647%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 1.59314%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 9.80392%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,136,951</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 23.4069%;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Port area (i)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 9.68137%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">20</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 9.80392%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">68,006</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 1.59314%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 9.92647%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">200,430</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 1.59314%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 9.68137%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 1.59314%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 9.68137%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 1.59314%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 9.92647%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 1.59314%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 9.80392%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">268,436</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 23.4069%;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Vehicles</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 9.68137%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 9.80392%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">91,868</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 1.59314%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 9.92647%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">21,990</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 1.59314%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 9.68137%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(2,140)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 1.59314%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 9.68137%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,188</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 1.59314%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 9.92647%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 1.59314%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 9.80392%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">114,906</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 23.4069%;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Equipment</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 9.68137%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">6</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 9.80392%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">31,822</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 1.59314%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 9.92647%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,822</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 1.59314%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 9.68137%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(203)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 1.59314%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 9.68137%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,734</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 1.59314%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 9.92647%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 1.59314%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 9.80392%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">36,175</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 23.4069%;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Other</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 9.68137%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">20</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom: 1pt solid #000000; width: 9.80392%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">27,847</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 1.59314%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom: 1pt solid #000000; width: 9.92647%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 1.59314%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom: 1pt solid #000000; width: 9.68137%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 1.59314%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom: 1pt solid #000000; width: 9.68137%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 1.59314%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom: 1pt solid #000000; width: 9.92647%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 1.59314%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom: 1pt solid #000000; width: 9.80392%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">27,847</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 23.4069%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 9.68137%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 9.80392%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,287,797</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 1.59314%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 9.92647%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">318,206</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 1.59314%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 9.68137%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(32,332)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 1.59314%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 9.68137%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">10,644</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 1.59314%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 9.92647%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 1.59314%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 9.80392%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,584,315</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 23.4069%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Accumulated amortization:</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 9.68137%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 9.80392%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 1.59314%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 9.92647%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 1.59314%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 9.68137%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 1.59314%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 9.68137%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 1.59314%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 9.92647%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 1.59314%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 9.80392%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 23.4069%;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Real estate</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 9.68137%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 9.80392%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(256,430)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 1.59314%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 9.92647%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 1.59314%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 9.68137%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">17,625</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 1.59314%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 9.68137%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(717)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 1.59314%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 9.92647%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(135,196)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 1.59314%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 9.80392%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(374,718)</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 23.4069%;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Port area (i)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 9.68137%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 9.80392%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 1.59314%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 9.92647%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 1.59314%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 9.68137%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 1.59314%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 9.68137%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 1.59314%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 9.92647%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(568)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 1.59314%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 9.80392%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(568)</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 23.4069%;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Vehicles</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 9.68137%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 9.80392%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(27,492)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 1.59314%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 9.92647%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 1.59314%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 9.68137%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,000</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 1.59314%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 9.68137%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">265</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 1.59314%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 9.92647%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(17,678)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 1.59314%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 9.80392%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(43,905)</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 23.4069%;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Equipment</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 9.68137%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 9.80392%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(7,600)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 1.59314%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 9.92647%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 1.59314%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 9.68137%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">203</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 1.59314%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 9.68137%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,723)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 1.59314%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 9.92647%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(4,538)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 1.59314%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 9.80392%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(13,658)</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 23.4069%;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Other</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 9.68137%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom: 1pt solid #000000; width: 9.80392%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(15,363)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 1.59314%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom: 1pt solid #000000; width: 9.92647%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 1.59314%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom: 1pt solid #000000; width: 9.68137%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 1.59314%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom: 1pt solid #000000; width: 9.68137%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 1.59314%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom: 1pt solid #000000; width: 9.92647%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(648)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 1.59314%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom: 1pt solid #000000; width: 9.80392%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(16,011)</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 23.4069%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 9.68137%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom: 1pt solid #000000; width: 9.80392%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(306,885)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 1.59314%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom: 1pt solid #000000; width: 9.92647%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 1.59314%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom: 1pt solid #000000; width: 9.68137%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">18,828</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 1.59314%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom: 1pt solid #000000; width: 9.68137%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(2,175)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 1.59314%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom: 1pt solid #000000; width: 9.92647%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(158,628)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 1.59314%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom: 1pt solid #000000; width: 9.80392%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(448,860)</font></p>
</td>
</tr>
<tr style="height: 18px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; width: 23.4069%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Net amount</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; width: 9.68137%;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom: 2.8pt double #000000; height: 18px; width: 9.80392%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,980,912</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; width: 1.59314%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; border-bottom: 2.8pt double #000000; width: 9.92647%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">318,206</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; width: 1.59314%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; border-bottom: 2.8pt double #000000; width: 9.68137%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(13,504)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; width: 1.59314%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; border-bottom: 2.8pt double #000000; width: 9.68137%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">8,469</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; width: 1.59314%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; border-bottom: 2.8pt double #000000; width: 9.92647%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(158,628)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; width: 1.59314%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; border-bottom: 2.8pt double #000000; width: 9.80392%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,135,455</font></p>
</td>
</tr>

</table>
<p style="line-height: 115%; margin: 0cm 0cm 0.0001pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font lang="EN-US" style="font-size: 9pt; line-height: 115%; color: #000000;"><br></font></p>
<p style="line-height: 115%; margin: 0cm 0cm 0.0001pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font lang="EN-US" style="font-size: 9pt; line-height: 115%; color: #000000;">(i) </font><font lang="EN-US" style="font-size: 9.0pt; line-height: 115%; mso-ansi-language: EN-US;">Refers to the area port lease (see Note 34.c).</font></p>
</div>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>59</font></font></td>
</tr>

</table>
<hr style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-style: initial; text-decoration-color: initial;"><br></p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-style: initial; text-decoration-color: initial;">Ultrapar<font style="font-family: 'Times New Roman'; font-size: 10pt; text-align: justify;"><font>&nbsp;</font></font>Participa&#231;&#245;es<font style="font-family: 'Times New Roman'; font-size: 10pt; text-align: justify;"><font>&nbsp;</font>S.A. and Subsidiaries</font><br></p>
<div style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-style: initial; text-decoration-color: initial;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Notes to the Parent&#8217;s Separate and Consolidated Interim Financial Information</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)&nbsp;</font></p>
</div>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The amortization expenses were recognized in the </font><font style="font-family: 'Times New Roman';">f</font><font style="font-family: 'Times New Roman';">inancial statements</font><font style="font-family: 'Times New Roman';"> as shown below:&nbsp;</font></font></p>
<p style="font-size: 11pt; line-height: 115%; margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 100px; width: 99.8771%;" width="100%">

<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; text-align: center; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; text-align: center; height: 17px;" colspan="3"><font style="font-size: 8pt; font-weight: bold;">Parent</font></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; text-align: center; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; text-align: center; height: 17px;" colspan="3"><font style="font-size: 8pt; font-weight: bold;">Consolidated</font></td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">06/30/2020</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">06/30/2019</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; text-align: right; height: 17px;"><font style="color: #000000; font-family: 'Times New Roman'; font-size: 10.6667px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">06/30/2020</font></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; text-align: right; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; text-align: right; height: 17px;"><font style="color: #000000; font-family: 'Times New Roman'; font-size: 10.6667px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">06/30/2019</font></td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px; width: 54%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Cost of products and services sold</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px; width: 10%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,854</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 2%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px; width: 10%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; width: 2%; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; width: 10%; height: 17px; text-align: right;"><font style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">29,752</font></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; width: 2%; height: 17px; text-align: right;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; width: 10%; height: 17px; text-align: right;"><font style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">24,522</font></td>
</tr>
<tr style="height: 14px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 14px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Selling and marketing</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 14px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 14px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 14px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 14px; text-align: right;"><font style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">127,053</font></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 14px; text-align: right;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 14px; text-align: right;"><font style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">125,138</font></td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">General and administrative</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px; border-bottom: 1pt solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px; border-bottom: 1pt solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; border-bottom: 1pt solid #000000; height: 17px; text-align: right;"><font style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">1,823</font></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px; text-align: right;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; border-bottom: 1pt solid #000000; height: 17px; text-align: right;"><font style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">3,597</font></td>
</tr>
<tr style="height: 18px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; border-bottom: 2.8pt double #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,854</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; border-bottom: 2.8pt double #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom: 2.8pt double #000000; height: 18px; text-align: right;"><font style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">158,628</font></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; text-align: right;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom: 2.8pt double #000000; height: 18px; text-align: right;"><font style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">153,257</font></td>
</tr>

</table>
<p style="font-size: 11pt; line-height: 115%; margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<ol start="2" type="a" style="margin: 0pt; padding-left: 0pt;">
<li style="font-family: 'Times New Roman'; font-size: 11pt; font-style: italic; font-weight: bold; line-height: 115%; margin: 0pt 0pt 10pt 13.25pt; padding-left: 0.95pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">Lease</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">s</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;"> </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">P</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">ayable</font></font></li>
</ol>
<p style="font-size: 11pt; line-height: 115%; margin: 0pt 0pt 10pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The changes in leases </font><font style="font-family: 'Times New Roman';">payable </font><font style="font-family: 'Times New Roman';">are shown below:</font></font></p>
<table cellspacing="0" cellpadding="0" style="height: 199px; border-collapse: collapse; margin-left: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%;" width="100%">

<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; text-align: center; height: 17px;"><font style="color: #000000; font-family: 'times new roman'; font-size: 10.6667px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: center; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Parent</font></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; text-align: center; height: 17px;"><font style="color: #000000; font-family: 'times new roman'; font-size: 10.6667px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: center; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Consolidated</font></td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 78%; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Balance as of December 31, 2019</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 10%; height: 17px; text-align: right; background-color: #cceeff;">5,599</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 2%; height: 17px; background-color: #cceeff;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 10%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,588,673</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Interest accrued</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; text-align: right;">2,585</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">69,683</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Payments</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; text-align: right; background-color: #cceeff;">(2,321)</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(172,273)</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Additions and remeasurement</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; text-align: right;">2,481</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">293,685</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Write-offs</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; text-align: right; background-color: #cceeff;">-</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(13,410)</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Effect of foreign currency exchange rate variation</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; text-align: right;">-</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">8,918</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff;"><font lang="DE" style="font-size: 10pt; font-family: 'Times New Roman', serif; color: black;"> Assignment of contract <font style="font-size: 8pt;"><sup>(i)</sup> </font></font></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom: 1pt solid #000000; height: 10px; text-align: right; background-color: #cceeff;">30,238</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom: 1pt solid #000000; height: 10px; background-color: #cceeff; text-align: right;">-</td>
</tr>
<tr style="height: 18px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Balance as of June 30, 2020</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom: 2.8pt double #000000; height: 18px; text-align: right;">38,892</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom: 2.8pt double #000000; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,775,276</font></p>
</td>
</tr>
<tr style="height: 18px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; background-color: #cceeff;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; background-color: #cceeff;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Current</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; text-align: right;">4,271</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">238,543</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Non-current</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; text-align: right; background-color: #cceeff;">34,711</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,536,733</font></p>
</td>
</tr>

</table>
<p style="margin: 0cm 0cm 0.0001pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font lang="EN-US" style="font-size: 9.0pt; mso-ansi-language: EN-US; mso-fareast-language: PT-BR; mso-bidi-font-weight: bold;"><font style="font-size: 10pt;">(i) Assignment of contract of the Company Ultragaz from Ultrapar due implantation of&nbsp; SSC.</font></font></p>
<p style="margin: 0cm 0cm 0.0001pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font lang="EN-US" style="font-size: 9.0pt; mso-ansi-language: EN-US; mso-fareast-language: PT-BR; mso-bidi-font-weight: bold;"><br></font></p>
<p style="font-size: 11pt; line-height: 115%; margin: 0pt 0pt 10pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The future disbursements (installments) assumed under </font><font style="font-family: 'Times New Roman';">leases</font><font style="font-family: 'Times New Roman';"> contracts are presented below:&nbsp;</font></font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 137px; width: 99.8774%;" width="100%">

<tr>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; text-align: center; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;" colspan="3"><font style="color: #000000; font-family: 'Times New Roman'; font-size: 10.6667px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">06/30/2020</font></td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; text-align: center;"><font style="color: #000000; font-family: 'times new roman'; font-size: 10.6667px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: center; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Parent</font></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; text-align: center;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; text-align: center;">
<p style="margin: 0pt; text-align: right;"><font style="color: #000000; font-family: 'times new roman'; font-size: 10.6667px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: center; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Consolidated</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 78%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Up to 1 year</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; width: 10%; text-align: right;">7,447</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; width: 2%;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 10%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">372,753</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">From 1 to 2 years</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; text-align: right;">14,439</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">641,414</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">From 2 to 3 years</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; text-align: right;">13,491</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">521,865</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">From 3 to 4 years</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; text-align: right;">13,491</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">348,412</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">From 4 to 5 years</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; text-align: right;">3,834</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">210,272</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">More than 5 years</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom: 1pt solid #000000; text-align: right;">-</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom: 1pt solid #000000; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">589,932</font></p>
</td>
</tr>
<tr style="height: 18px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Total</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; border-bottom: 2.8pt double #000000; text-align: right;">52,702</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; background-color: #cceeff; border-bottom: 2.8pt double #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,684,648</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="font-size: 11pt; line-height: 115%; margin: 0pt 0pt 10pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">The contracts related to the leases payable are substantially indexed by the IGP-M (General Market Price Index is a measure of Brazilian inflation, calculated by the Get&#250;lio Vargas Foundation).</font></p>
</div>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>60</font></font></td>
</tr>

</table>
<hr style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-style: initial; text-decoration-color: initial;"><br></p>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-style: initial; text-decoration-color: initial;">Ultrapar<font style="font-family: 'Times New Roman'; font-size: 10pt; text-align: justify;"><font>&nbsp;</font></font>Participa&#231;&#245;es<font style="font-family: 'Times New Roman'; font-size: 10pt; text-align: justify;"><font>&nbsp;</font>S.A. and Subsidiaries</font><br></p>
<div style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-style: initial; text-decoration-color: initial;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Notes to the Parent&#8217;s Separate and Consolidated Interim Financial Information</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"><br></font></p>
</div>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt;" width="100%">

<tr style="height: 15.45pt;">
<td style="vertical-align: top; width: 18pt;">
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">c.</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">&nbsp;</font></font></p>
</td>
<td style="vertical-align: top; width: 407.35pt;">
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">Lease Contracts</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;"> </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">of Low Amount Assets</font></font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Subsidiaries </font><font style="font-family: 'Times New Roman';">Cia. Ultragaz, Bahiana, </font><font style="font-family: 'Times New Roman';">Extrafarma, Ipiranga</font><font style="font-family: 'Times New Roman';">, Serma and Oxiteno S.A</font><font style="font-family: 'Times New Roman';">.</font><font style="font-family: 'Times New Roman';"> have operating lease contracts </font><font style="font-family: 'Times New Roman';">consider as low value, short term and variable payments </font><font style="font-family: 'Times New Roman';">for the use of</font><font style="font-family: 'Times New Roman';">&nbsp;factory and IT&nbsp;</font><font style="font-family: 'Times New Roman';">equipment</font><font style="font-family: 'Times New Roman';">s, vehicles and real states</font><font style="font-family: 'Times New Roman';">.&nbsp; The subsidiaries have the option to purchase the assets </font><font style="font-family: 'Times New Roman';">referring to IT equipment </font><font style="font-family: 'Times New Roman';">at a price equal to the fair </font><font style="font-family: 'Times New Roman';">value</font><font style="font-family: 'Times New Roman';"> on the date of option, and management does not intend to exercise such option. The future disbursements (</font><font style="font-family: 'Times New Roman';">payments</font><font style="font-family: 'Times New Roman';">), assumed </font><font style="font-family: 'Times New Roman';">as a result of</font><font style="font-family: 'Times New Roman';">r these contracts, amount approximately to:</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 44px; width: 100%;" width="100%">

<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 85.05pt; height: 10px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 85.05pt; height: 10px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Up to 1 year</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 85.05pt; height: 10px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Between 1 and 5 years</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 85.05pt; height: 10px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">More than 5 years</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 85.05pt; height: 10px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Total</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 85.05pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">06/30/2020</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 85.05pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,094</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 85.05pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">16,913</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 85.05pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">19,260</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 85.05pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">39,267</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The</font><font style="font-family: 'Times New Roman';"> amount of lease considered</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">as low value, short term and variable payments, recognized as an </font><font style="font-family: 'Times New Roman';">expense </font><font style="font-family: 'Times New Roman';">f</font><font style="font-family: 'Times New Roman';">or the </font><font style="font-family: 'Times New Roman';">six</font><font style="font-family: 'Times New Roman';">-month period ended </font><font style="font-family: 'Times New Roman';">June</font><font style="font-family: 'Times New Roman';"> 3</font><font style="font-family: 'Times New Roman';">0</font><font style="font-family: 'Times New Roman';">, 2020</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">was R$ </font><font style="font-family: 'Times New Roman';">11,596</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">(R$ </font><font style="font-family: 'Times New Roman';">7,142</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">f</font><font style="font-family: 'Times New Roman';">or the </font><font style="font-family: 'Times New Roman';">six</font><font style="font-family: 'Times New Roman';">-month period ended </font><font style="font-family: 'Times New Roman';">June</font><font style="font-family: 'Times New Roman';"> 3</font><font style="font-family: 'Times New Roman';">0</font><font style="font-family: 'Times New Roman';">, 2019</font><font style="font-family: 'Times New Roman';">).</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">d. </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">Inflation effect</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">The effects of inflation are as follows:</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 330px; width: 100%;" width="100%">

<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Net right to use asset</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Parent</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="color: #323130; font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Consolidated</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 66%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Nominal base</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 16%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">36,664</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 2%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="color: #323130; font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 16%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,135,455</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Inflated base</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom: 1pt solid #000000; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">43,946</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="color: #323130; font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom: 1pt solid #000000; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,528,999</font></p>
</td>
</tr>
<tr style="height: 18px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="color: #323130; font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom: 2.8pt double #000000; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">19.9%</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom: 2.8pt double #000000; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">18.4%</font></p>
</td>
</tr>
<tr style="height: 18px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt;"><font style="color: #323130; font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="color: #323130; font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="color: #323130; font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="color: #323130; font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Lease liability</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Parent</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="color: #323130; font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Consolidated</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Nominal base</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">38,982</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="color: #323130; font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,775,276</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Inflated base</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom: 1pt solid #000000; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">46,264</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="color: #323130; font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom: 1pt solid #000000; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,168,820</font></p>
</td>
</tr>
<tr style="height: 18px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom: 2.8pt double #000000; height: 18px; text-align: right;"><font style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">18.7%</font></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; text-align: right;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom: 2.8pt double #000000; height: 18px; text-align: right;"><font style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">22.2%</font></td>
</tr>
<tr style="height: 18px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="color: #323130; font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="color: #323130; font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="color: #323130; font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="color: #323130; font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Financial expense</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Parent</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="color: #323130; font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Consolidated</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Nominal base</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,211</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="color: #323130; font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">69,683</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Inflated base</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom: 1pt solid #000000; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,036</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="color: #323130; font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom: 1pt solid #000000; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">91,647</font></p>
</td>
</tr>
<tr style="height: 18px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt;"><br></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom: 2.8pt double #000000; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">68.1%</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom: 2.8pt double #000000; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">31.5%</font></p>
</td>
</tr>
<tr style="height: 18px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt;"><font style="color: #323130; font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="color: #323130; font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="color: #323130; font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="color: #323130; font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Amortization expense</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Parent</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="color: #323130; font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Consolidated</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Nominal base</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,854</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="color: #323130; font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">158,628</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Inflated base</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom: 1pt solid #000000; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,312</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="color: #323130; font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom: 1pt solid #000000; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">177,556</font></p>
</td>
</tr>
<tr style="height: 18px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt;"><font style="color: #323130; font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom: 2.8pt double #000000; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">24.7%</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom: 2.8pt double #000000; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">11.9%</font></p>
</td>
</tr>

</table>
</div>
</div>
<p><br></p>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>61</font></font></td>
</tr>

</table>
<hr style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<div>
<div style="/* width: 8.5in; */margin: 0 auto;">
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ultrapar Participa&#231;&#245;es S.A. and Subsidiaries</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Notes to the Parent&#8217;s Separate and Consolidated Interim Financial Information</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(In thousands of Brazilian Reais, unless otherwise stated)&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><br></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-weight: bold;"><font style="font-family: 'Times New Roman';">14. Property, Plant, and Equipment&nbsp;</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';"><br></font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Balances and changes in </font><font style="font-family: 'Times New Roman';">PP&amp;E</font><font style="font-family: 'Times New Roman';"> are as follows:</font></font></p>
<p style="margin: 0pt; text-align: justify;"><br></p>
<table style="width: 100%; margin-left: 0.1px; height: 10px; font-family: 'times new roman'; font-size: 10pt;">

<tr style="height: 10px;">
<td style="width: 5%; height: 10px; padding: 0px; text-align: center;"><font style="font-size: 10pt;">&#8226;</font><br></td>
<td style="width: 95%; height: 10px;"><font style="font-size: 10pt;"> <b style="mso-bidi-font-weight: normal;"><i style="mso-bidi-font-style: normal;"><font lang="DE" style="font-family: 'Times New Roman', serif;"><font style="mso-prop-change: 'Angelica Miguel dos Santos' 20200811T0122;">Parent</font></font></i></b> </font></td>
</tr>

</table>
<table cellspacing="0" cellpadding="0" width="100%" style="font-size: 10pt; height: 247px; margin-left: 0px; font-family: 'times new roman'; width: 100%;">

<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 19.0515%; height: 10px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 8.17661%; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Weighted average useful life (years)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 8.17661%; height: 10px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Balance on 12/31/2019</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1.71709%; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 8.17661%; height: 10px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Additions</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1.71709%; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 8.99428%; height: 10px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Depreciation</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1.71709%; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 8.25838%; height: 10px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Transfer (i)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1.71709%; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 10.3025%; height: 10px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Balance on 06/30/2020</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 19.0515%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Cost:&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 8.17661%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 8.17661%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.71709%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 8.17661%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.71709%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 8.99428%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.71709%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 8.25838%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.71709%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 10.3025%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 19.0515%; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Leasehold improvements</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 8.17661%; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">9</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 8.17661%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.71709%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 8.17661%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">171</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.71709%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 8.99428%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.71709%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 8.25838%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,052</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.71709%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 10.3025%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,223</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 19.0515%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Machinery and equipment</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 8.17661%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">10</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 8.17661%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.71709%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 8.17661%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.71709%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 8.99428%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.71709%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 8.25838%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">82</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.71709%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 10.3025%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">82</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 19.0515%; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Furniture and utensils</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 8.17661%; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 8.17661%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.71709%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 8.17661%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">59</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.71709%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 8.99428%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.71709%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 8.25838%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">398</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.71709%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 10.3025%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">457</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 19.0515%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Construction in progress</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 8.17661%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 8.17661%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,532</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.71709%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 8.17661%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.71709%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 8.99428%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.71709%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 8.25838%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(2,532)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.71709%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 10.3025%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 19.0515%; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">IT equipment</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 8.17661%; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 8.17661%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.71709%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 8.17661%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">5,365</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.71709%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 8.99428%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.71709%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 8.25838%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,997</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.71709%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 10.3025%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">9,362</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 19.0515%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 8.17661%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 8.17661%; height: 17px; border-bottom: 1pt solid #000000; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,532</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.71709%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 8.17661%; height: 17px; border-bottom: 1pt solid #000000; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">5,595</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.71709%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 8.99428%; height: 17px; border-bottom: 1pt solid #000000; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.71709%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 8.25838%; height: 17px; border-bottom: 1pt solid #000000; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,997</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.71709%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 10.3025%; height: 17px; border-bottom: 1pt solid #000000; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">12,124</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 19.0515%; height: 17px;"><font style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Accumulated depreciation:</font></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 8.17661%; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 8.17661%; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.71709%; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 8.17661%; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.71709%; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 8.99428%; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.71709%; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 8.25838%; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.71709%; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 10.3025%; height: 17px;"><br></td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding: 0px 4px; vertical-align: middle; width: 19.0515%; height: 17px; background-color: #cceeff;"><font style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0.533333px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; margin: 0pt 0pt 0pt 10pt;">Leasehold improvements</font><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 8.17661%; height: 17px; background-color: #cceeff;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 8.17661%; text-align: right; height: 17px; background-color: #cceeff;">-</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.71709%; text-align: right; height: 17px; background-color: #cceeff;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 8.17661%; text-align: right; height: 17px; background-color: #cceeff;">-</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.71709%; text-align: right; height: 17px; background-color: #cceeff;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 8.99428%; text-align: right; height: 17px; background-color: #cceeff;">
<p>(113)<br></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.71709%; text-align: right; height: 17px; background-color: #cceeff;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 8.25838%; text-align: right; height: 17px; background-color: #cceeff;">-</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.71709%; text-align: right; height: 17px; background-color: #cceeff;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 10.3025%; text-align: right; height: 17px; background-color: #cceeff;">(113)</td>
</tr>
<tr style="height: 17px;">
<td style="padding: 0px 4px; vertical-align: middle; width: 19.0515%; height: 17px;"><font style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0.533333px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; margin: 0pt 0pt 0pt 10pt;">Machinery and equipment</font></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 8.17661%; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 8.17661%; text-align: right; height: 17px;">-</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.71709%; text-align: right; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 8.17661%; text-align: right; height: 17px;">-</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.71709%; text-align: right; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 8.99428%; text-align: right; height: 17px;">(4)</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.71709%; text-align: right; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 8.25838%; text-align: right; height: 17px;">-</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.71709%; text-align: right; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 10.3025%; text-align: right; height: 17px;">(4)</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding: 0px 4px; vertical-align: middle; width: 19.0515%; height: 17px; background-color: #cceeff;"><font style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0.533333px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; margin: 0pt 0pt 0pt 10pt;">Furniture and utensils</font></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 8.17661%; height: 17px; background-color: #cceeff;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 8.17661%; text-align: right; height: 17px; background-color: #cceeff;">-</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.71709%; text-align: right; height: 17px; background-color: #cceeff;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 8.17661%; text-align: right; height: 17px; background-color: #cceeff;">-</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.71709%; text-align: right; height: 17px; background-color: #cceeff;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 8.99428%; text-align: right; height: 17px; background-color: #cceeff;">(22)</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.71709%; text-align: right; height: 17px; background-color: #cceeff;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 8.25838%; text-align: right; height: 17px; background-color: #cceeff;">-</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.71709%; text-align: right; height: 17px; background-color: #cceeff;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 10.3025%; text-align: right; height: 17px; background-color: #cceeff;">(22)</td>
</tr>
<tr style="height: 17px;">
<td style="padding: 0px 4px; vertical-align: middle; width: 19.0515%; height: 17px;"><font style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0.533333px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; margin: 0pt 0pt 0pt 10pt;">IT equipment</font></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 8.17661%; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 8.17661%; text-align: right; border-bottom: 1pt solid #000000; height: 17px;">-</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.71709%; text-align: right; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 8.17661%; text-align: right; border-bottom: 1pt solid #000000; height: 17px;">-</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.71709%; text-align: right; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 8.99428%; text-align: right; border-bottom: 1pt solid #000000; height: 17px;">(419)</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.71709%; text-align: right; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 8.25838%; text-align: right; border-bottom: 1pt solid #000000; height: 17px;">-</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.71709%; text-align: right; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 10.3025%; text-align: right; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">(419)</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 19.0515%; height: 17px; background-color: #cceeff;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 8.17661%; height: 17px; background-color: #cceeff;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 8.17661%; text-align: right; height: 17px; border-bottom: 1pt solid #000000; background-color: #cceeff;">-</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.71709%; text-align: right; height: 17px; background-color: #cceeff;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 8.17661%; text-align: right; height: 17px; border-bottom: 1pt solid #000000; background-color: #cceeff;">-</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.71709%; text-align: right; height: 17px; background-color: #cceeff;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 8.99428%; text-align: right; height: 17px; border-bottom: 1pt solid #000000; background-color: #cceeff;">(558)</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.71709%; text-align: right; height: 17px; background-color: #cceeff;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 8.25838%; text-align: right; height: 17px; border-bottom: 1pt solid #000000; background-color: #cceeff;">-</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.71709%; text-align: right; height: 17px; background-color: #cceeff;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 10.3025%; text-align: right; height: 17px; border-bottom: 1pt solid #000000; background-color: #cceeff;">(558)</td>
</tr>
<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 19.0515%; height: 16px;"><font style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Net amount</font></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 8.17661%; height: 16px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 8.17661%; text-align: right; height: 16px; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;"><font style="color: #000000; font-family: 'times new roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">2,532</font></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.71709%; text-align: right; height: 16px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 8.17661%; text-align: right; height: 16px; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;"><font style="color: #000000; font-family: 'times new roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">5,595</font></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.71709%; text-align: right; height: 16px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 8.99428%; text-align: right; height: 16px; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;"><font style="color: #000000; font-family: 'times new roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(558)</font></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.71709%; text-align: right; height: 16px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 8.25838%; text-align: right; height: 16px; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;"><font style="color: #000000; font-family: 'times new roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">3,997</font></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.71709%; text-align: right; height: 16px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 10.3025%; text-align: right; height: 16px; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;"><font style="color: #000000; font-family: 'times new roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">11,566</font></td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</div>
<div style="width: 8.5in; margin: 0 auto;">
<div style="width: 8.5in; margin: 0 auto;">
<table style="width: 100%; margin-left: 0.1px; height: 10px; font-family: 'times new roman'; font-size: 10pt;">

<tr style="height: 10px;">
<td style="width: 5%; height: 10px; padding: 0px; text-align: center;"><font style="font-size: 10pt;">&#8226;</font><br></td>
<td style="width: 95%; height: 10px;"><font style="font-weight: bold; font-style: italic;">Consolidated</font></td>
</tr>

</table>
</div>
<div style="width: 8.5in; margin: 0 auto;">
<table cellspacing="0" cellpadding="0" width="100%" style="font-size: 10pt; margin-left: 0pt; font-family: 'times new roman'; width: 100%; height: 282px;">

<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 19.0515%; height: 10px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 8.17661%; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Weighted average useful life (years)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 8.17661%; height: 10px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Balance on 12/31/2019</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1.71709%; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 8.17661%; height: 10px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Additions</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1.71709%; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 8.99428%; height: 10px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Depreciation</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1.71709%; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 8.25838%; height: 10px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Transfer (i)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1.71709%; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 8.25838%; height: 10px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Write-offs and disposals</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1.71709%; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 10.139%; height: 10px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Effect of foreign currency exchange rate variation</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1.79886%; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 10.3025%; height: 10px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Balance on 06/30/2020</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 19.0515%; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Cost:&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 8.17661%; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 8.17661%; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.71709%; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 8.17661%; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.71709%; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 8.99428%; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.71709%; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 8.25838%; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.71709%; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 8.25838%; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.71709%; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 10.139%; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.79886%; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 10.3025%; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 19.0515%; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Land</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 8.17661%; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 8.17661%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">667,865</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.71709%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 8.17661%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.71709%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 8.99428%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.71709%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 8.25838%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">137</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.71709%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 8.25838%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(5,640)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.71709%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 10.139%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">12,227</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.79886%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 10.3025%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">674,589</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 19.0515%; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Buildings</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 8.17661%; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">32</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 8.17661%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,925,946</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.71709%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 8.17661%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">5,643</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.71709%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 8.99428%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.71709%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 8.25838%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">114,588</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.71709%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 8.25838%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(10,238)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.71709%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 10.139%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">94,259</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.79886%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 10.3025%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,130,198</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 19.0515%; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Leasehold improvements</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 8.17661%; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">10</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 8.17661%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,121,528</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.71709%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 8.17661%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">7,270</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.71709%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 8.99428%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.71709%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 8.25838%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">35,365</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.71709%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 8.25838%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(3,503)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.71709%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 10.139%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">342</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.79886%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 10.3025%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,161,002</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 19.0515%; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Machinery and equipment</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 8.17661%; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">13</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 8.17661%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">5,707,721</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.71709%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 8.17661%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">47,567</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.71709%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 8.99428%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.71709%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 8.25838%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">127,017</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.71709%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 8.25838%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,503)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.71709%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 10.139%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">315,991</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.79886%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 10.3025%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">6,196,793</font></p>
</td>
</tr>
<tr style="height: 34px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 19.0515%; height: 34px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Automotive fuel/lubricant distribution equipment and facilities</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 8.17661%; height: 34px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">13</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 8.17661%; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,991,472</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.71709%; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 8.17661%; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">38,266</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.71709%; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 8.99428%; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.71709%; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 8.25838%; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">121,429</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.71709%; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 8.25838%; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(24,853)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.71709%; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 10.139%; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.79886%; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 10.3025%; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,126,314</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 19.0515%; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">LPG tanks and bottles</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 8.17661%; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">10</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 8.17661%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">755,460</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.71709%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 8.17661%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">41,001</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.71709%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 8.99428%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.71709%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 8.25838%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">46</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.71709%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 8.25838%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(15,237)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.71709%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 10.139%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.79886%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 10.3025%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">781,270</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 19.0515%; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Vehicles</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 8.17661%; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">8</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 8.17661%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">320,161</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.71709%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 8.17661%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">9,115</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.71709%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 8.99428%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.71709%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 8.25838%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">7,471</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.71709%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 8.25838%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(14,749)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.71709%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 10.139%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">374</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.79886%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 10.3025%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">322,372</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 19.0515%; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Furniture and utensils</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 8.17661%; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">9</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 8.17661%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">295,604</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.71709%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 8.17661%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4,754</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.71709%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 8.99428%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.71709%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 8.25838%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">895</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.71709%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 8.25838%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(2,191)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.71709%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 10.139%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,892</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.79886%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 10.3025%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">302,954</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 19.0515%; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Construction in progress</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 8.17661%; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 8.17661%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">827,086</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.71709%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 8.17661%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">199,044</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.71709%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 8.99428%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.71709%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 8.25838%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(403,399)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.71709%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 8.25838%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(31)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.71709%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 10.139%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">16,516</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.79886%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 10.3025%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">639,216</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 19.0515%; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Advances to suppliers</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 8.17661%; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 8.17661%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">12,544</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.71709%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 8.17661%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">262</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.71709%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 8.99428%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.71709%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 8.25838%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(4,562)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.71709%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 8.25838%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.71709%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 10.139%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.79886%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 10.3025%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">8,244</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 19.0515%; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Imports in progress</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 8.17661%; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 8.17661%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">250</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.71709%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 8.17661%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">367</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.71709%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 8.99428%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.71709%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 8.25838%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.71709%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 8.25838%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.71709%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 10.139%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.79886%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 10.3025%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">619</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 19.0515%; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">IT equipment</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 8.17661%; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">5</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 8.17661%; height: 17px; border-bottom: 1pt solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">412,809</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.71709%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 8.17661%; height: 17px; border-bottom: 1pt solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">11,322</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.71709%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 8.99428%; height: 17px; border-bottom: 1pt solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.71709%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 8.25838%; height: 17px; border-bottom: 1pt solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4,726</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.71709%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 8.25838%; height: 17px; border-bottom: 1pt solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(2,079)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.71709%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 10.139%; height: 17px; border-bottom: 1pt solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,375</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.79886%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 10.3025%; height: 17px; border-bottom: 1pt solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">429,153</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 19.0515%; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 8.17661%; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 8.17661%; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">15,038,446</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.71709%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 8.17661%; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">364,611</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.71709%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 8.99428%; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.71709%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 8.25838%; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,712</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.71709%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 8.25838%; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(80,024)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.71709%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 10.139%; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">445,979</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.79886%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 10.3025%; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">15,772,724</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</div>
</div>
</div>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>62</font></font></td>
</tr>

</table>
<hr style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<div style="width: 8.5in; margin: 0 auto;">
<div>
<p><br></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Notes to the Parent&#8217;s Separate and Consolidated Interim Financial Information</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"><br></font></p>
</div>
<div>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 387px; width: 100%;" width="100%">

<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 167.65pt; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7.1pt; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 53.85pt; height: 10px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Balance on 12/31/2019</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7.1pt; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 52.9pt; height: 10px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Additions</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7.1pt; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 62.35pt; height: 10px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Depreciation</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7.1pt; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; height: 10px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Transfer (i)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7.1pt; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 52.9pt; height: 10px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Write-offs and disposals</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7.1pt; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 67.05pt; height: 10px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Effect of foreign currency exchange rate variation</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7.1pt; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 70.85pt; height: 10px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Balance on 06/30/2020</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 167.65pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Accumulated depreciation:</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.1pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 53.85pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.1pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 52.9pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.1pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 62.35pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.1pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 56.7pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.1pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 52.9pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.1pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 67.05pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.1pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 70.85pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 167.65pt; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Buildings</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.1pt; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 53.85pt; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(793,835)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.1pt; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 52.9pt; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.1pt; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 62.35pt; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(31,725)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.1pt; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 56.7pt; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.1pt; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 52.9pt; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">7,845</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.1pt; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 67.05pt; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(16,482)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.1pt; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 70.85pt; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(834,197)</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 167.65pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Leasehold improvements</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.1pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 53.85pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(614,379)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.1pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 52.9pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.1pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 62.35pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(39,924)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.1pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 56.7pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.1pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 52.9pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,086</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.1pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 67.05pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(109)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.1pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 70.85pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(652,326)</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 167.65pt; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Machinery and equipment</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.1pt; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 53.85pt; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(3,231,627)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.1pt; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 52.9pt; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.1pt; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 62.35pt; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(156,244)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.1pt; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 56.7pt; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">47</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.1pt; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 52.9pt; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,255</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.1pt; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 67.05pt; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(55,370)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.1pt; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 70.85pt; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(3,441,939)</font></p>
</td>
</tr>
<tr style="height: 34px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 167.65pt; height: 34px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Automotive fuel/lubricant distribution equipment and facilities</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.1pt; height: 34px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 53.85pt; height: 34px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,766,878)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.1pt; height: 34px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 52.9pt; height: 34px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.1pt; height: 34px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 62.35pt; height: 34px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(87,424)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.1pt; height: 34px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 56.7pt; height: 34px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.1pt; height: 34px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 52.9pt; height: 34px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">19,677</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.1pt; height: 34px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 67.05pt; height: 34px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.1pt; height: 34px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 70.85pt; height: 34px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,834,625)</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 167.65pt; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">LPG tanks and bottles</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.1pt; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 53.85pt; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(425,554)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.1pt; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 52.9pt; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.1pt; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 62.35pt; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(27,195)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.1pt; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 56.7pt; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(48)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.1pt; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 52.9pt; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">9,242</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.1pt; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 67.05pt; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.1pt; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 70.85pt; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(443,555)</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 167.65pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Vehicles</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.1pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 53.85pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(139,045)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.1pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 52.9pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.1pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 62.35pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(12,718)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.1pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 56.7pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">48</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.1pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 52.9pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">8,394</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.1pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 67.05pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(274)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.1pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 70.85pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(143,595)</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 167.65pt; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Furniture and utensils</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.1pt; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 53.85pt; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(171,475)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.1pt; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 52.9pt; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.1pt; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 62.35pt; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(10,328)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.1pt; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 56.7pt; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.1pt; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 52.9pt; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,856</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.1pt; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 67.05pt; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(2,118)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.1pt; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 70.85pt; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(182,065)</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 167.65pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">IT equipment</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.1pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 53.85pt; height: 17px; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(318,063)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.1pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 52.9pt; height: 17px; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.1pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 62.35pt; height: 17px; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(17,338)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.1pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 56.7pt; height: 17px; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(47)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.1pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 52.9pt; height: 17px; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,920</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.1pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 67.05pt; height: 17px; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(2,063)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.1pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 70.85pt; height: 17px; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(335,591)</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 167.65pt; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.1pt; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 53.85pt; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(7,460,856)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.1pt; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 52.9pt; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.1pt; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 62.35pt; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(382,896)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.1pt; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 56.7pt; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.1pt; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 52.9pt; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">52,275</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.1pt; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 67.05pt; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(76,416)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.1pt; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 70.85pt; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(7,867,893)</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 167.65pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7.1pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 53.85pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.1pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 52.9pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.1pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 62.35pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.1pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 56.7pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.1pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 52.9pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.1pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 67.05pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.1pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 70.85pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 167.65pt; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Provision for losses:</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7.1pt; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 53.85pt; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.1pt; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 52.9pt; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.1pt; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 62.35pt; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.1pt; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 56.7pt; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.1pt; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 52.9pt; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.1pt; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 67.05pt; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.1pt; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 70.85pt; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 167.65pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Advances to suppliers</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.1pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 53.85pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(110)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.1pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 52.9pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.1pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 62.35pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.1pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 56.7pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.1pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 52.9pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.1pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 67.05pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.1pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 70.85pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(110)</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 167.65pt; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Land</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.1pt; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 53.85pt; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(146)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.1pt; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 52.9pt; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.1pt; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 62.35pt; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.1pt; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 56.7pt; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.1pt; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 52.9pt; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.1pt; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 67.05pt; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.1pt; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 70.85pt; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(146)</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 167.65pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Leasehold improvements</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.1pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 53.85pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,599)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.1pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 52.9pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,199)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.1pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 62.35pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.1pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 56.7pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.1pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 52.9pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">618</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.1pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 67.05pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(13)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.1pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 70.85pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(2,193)</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 167.65pt; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Machinery and equipment</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.1pt; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 53.85pt; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(2,875)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.1pt; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 52.9pt; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.1pt; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 62.35pt; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.1pt; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 56.7pt; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.1pt; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 52.9pt; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.1pt; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 67.05pt; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(170)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.1pt; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 70.85pt; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(3,045)</font></p>
</td>
</tr>
<tr style="height: 34px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 167.65pt; height: 34px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Automotive fuel/lubricant distribution equipment and facilities</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.1pt; height: 34px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 53.85pt; height: 34px; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(98)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.1pt; height: 34px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 52.9pt; height: 34px; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.1pt; height: 34px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 62.35pt; height: 34px; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.1pt; height: 34px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 56.7pt; height: 34px; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.1pt; height: 34px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 52.9pt; height: 34px; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">12</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.1pt; height: 34px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 67.05pt; height: 34px; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.1pt; height: 34px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 70.85pt; height: 34px; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(86)</font></p>
</td>
</tr>
<tr style="height: 19px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 167.65pt; height: 19px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.1pt; height: 19px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 53.85pt; height: 19px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(4,828)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.1pt; height: 19px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 52.9pt; height: 19px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,199)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.1pt; height: 19px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 62.35pt; height: 19px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.1pt; height: 19px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 56.7pt; height: 19px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.1pt; height: 19px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 52.9pt; height: 19px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">630</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.1pt; height: 19px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 67.05pt; height: 19px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(183)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.1pt; height: 19px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 70.85pt; height: 19px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(5,580)</font></p>
</td>
</tr>
<tr style="height: 18px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 167.65pt; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Net amount</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.1pt; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 53.85pt; border-bottom: 2.8pt double #000000; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">7,572,762</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.1pt; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 52.9pt; border-bottom: 2.8pt double #000000; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">363,412</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.1pt; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 62.35pt; border-bottom: 2.8pt double #000000; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(382,896)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.1pt; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 56.7pt; border-bottom: 2.8pt double #000000; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,712</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.1pt; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 52.9pt; border-bottom: 2.8pt double #000000; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(27,119)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.1pt; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 67.05pt; border-bottom: 2.8pt double #000000; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">369,380</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.1pt; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 70.85pt; border-bottom: 2.8pt double #000000; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">7,899,251</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">(i) </font><font style="font-family: 'Times New Roman';">Refers to amounts transferred </font><font style="font-family: 'Times New Roman';">from</font><font style="font-family: 'Times New Roman';"> intangible assets.</font></font></p>
<p style="margin: 0pt; text-align: justify;"><br></p>
</div>
</div>
</div>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>63</font></font></td>
</tr>

</table>
<hr style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<p><br></p>
<div>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ultrapar Participa&#231;&#245;es S.A. and Subsidiaries</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Notes to the Parent&#8217;s Separate and Consolidated Interim Financial Information</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(In thousands of Brazilian Reais, unless otherwise stated)</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Construction in progress relates substantially to expansions, renovations, constructions and upgrade of industrial facilities, terminals, stores, service stations and distribution bases.</font></p>
<p style="font-size: 11pt; line-height: 115%; margin: 0pt 0pt 10pt; text-align: justify;"><br><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Advances to suppliers is related, basically, to manufacturing of assets for expansion of plants, terminals, stores</font><font style="font-family: 'Times New Roman';">, service stations</font><font style="font-family: 'Times New Roman';"> and bases and acquisition of real estate.</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The depreciation expenses were recognized in the </font><font style="font-family: 'Times New Roman';">interim f</font><font style="font-family: 'Times New Roman';">inancial </font><font style="font-family: 'Times New Roman';">information </font><font style="font-family: 'Times New Roman';">as shown below:</font><font style="font-family: 'Times New Roman';">&nbsp;&nbsp;&nbsp;&nbsp;</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; width: 99.0667%; height: 104px;" width="100%">

<tr style="height: 18px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; text-align: center; height: 18px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; text-align: center; height: 18px; vertical-align: middle;" colspan="3" valign="middle"><font style="font-size: 8pt; font-weight: bold;">Parent&nbsp;</font></td>
<td style="padding-left: 3pt; padding-right: 3pt; text-align: center; height: 18px; vertical-align: middle;" valign="middle"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; text-align: center; height: 18px; vertical-align: middle;" colspan="3" valign="middle"><font style="font-size: 8pt; font-weight: bold;">Consolidated</font></td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; text-align: right; height: 17px;"><font style="color: #000000; font-family: 'Times New Roman'; font-size: 10.6667px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">06/30/2020</font></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; text-align: right; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; text-align: right; height: 17px;"><font style="color: #000000; font-family: 'Times New Roman'; font-size: 10.6667px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">06/30/2019</font></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">06/30/2020</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">06/30/2019</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; width: 54%; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Inventories and cost of products and services sold</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; width: 10%; text-align: right; height: 17px;">-</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; width: 2%; text-align: right; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; width: 10%; text-align: right; height: 17px;">-</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; width: 2%; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; width: 10%; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">210,754</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; width: 2%; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; width: 10%; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">201,309</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Selling and marketing</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; text-align: right; height: 17px;">-</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; text-align: right; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; text-align: right; height: 17px;">-</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">147,284</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">143,245</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">General and administrative</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; border-bottom: 1pt solid #000000; text-align: right; height: 17px;">558</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; text-align: right; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; border-bottom: 1pt solid #000000; text-align: right; height: 17px;">-</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; border-bottom: 1pt solid #000000; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">24,858</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; border-bottom: 1pt solid #000000; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">24,763</font></p>
</td>
</tr>
<tr style="height: 18px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom: 2.8pt double #000000; text-align: right; height: 18px;">558</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; text-align: right; height: 18px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom: 2.8pt double #000000; text-align: right; height: 18px;">-</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom: 2.8pt double #000000; height: 18px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">382,896</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom: 2.8pt double #000000; height: 18px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">369,317</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt 0pt 0pt 17.85pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</div>
</div>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>64</font></font></td>
</tr>

</table>
<hr style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<div>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"><br></font></p>
<div style="/* width: 8.5in; */margin: 0 auto;">
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ultrapar Participa&#231;&#245;es S.A. and Subsidiaries</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Notes to the Parent&#8217;s Separate and Consolidated Interim Financial Information</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(In thousands of Brazilian Reais, unless otherwise stated)</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-weight: bold;"><font style="font-family: 'Times New Roman';">15. Intangible Assets</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';"><br></font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Balances and changes in intangible assets are </font><font style="font-family: 'Times New Roman';">as follows</font><font style="font-family: 'Times New Roman';">:</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';"><br></font></font></p>
<table style="width: 100%; margin-left: 0.1px; height: 10px; font-family: 'times new roman'; font-size: 10pt;">

<tr style="height: 10px;">
<td style="width: 5%; height: 10px; padding: 0px; text-align: center;"><font style="font-size: 10pt;">&#8226;</font><br></td>
<td style="width: 95%; height: 10px;"><font style="font-size: 10pt;"> <b style="mso-bidi-font-weight: normal;"><i style="mso-bidi-font-style: normal;"><font lang="DE" style="font-family: 'Times New Roman', serif;"><font style="mso-prop-change: 'Angelica Miguel dos Santos' 20200811T0122;">Parent</font></font></i></b> </font></td>
</tr>

</table>
<table cellspacing="0" cellpadding="0" width="100%" style="font-size: 10pt; margin-left: 0pt; font-family: 'times new roman'; width: 99.8365%; height: 218px;">

<tr style="height: 64px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 37.6942%; height: 64px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 8.50368%; height: 64px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Weighted average useful life (years)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1pt solid #000000; width: 9.64841%; height: 64px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Balance on 12/31/2019</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1.22649%; height: 64px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1pt solid #000000; width: 9.73017%; height: 64px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Additions</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1.22649%; height: 64px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1pt solid #000000; width: 9.73017%; height: 64px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Amortization</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1.22649%; height: 64px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1pt solid #000000; width: 9.81194%; height: 64px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Transfer (i)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1.22649%; height: 64px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1pt solid #000000; width: 9.8937%; height: 64px;">
<p style="margin: 0pt; text-align: right;"><font style="color: #000000; font-family: 'Times New Roman'; font-size: 10.6667px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Balance on 06/30/2020</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 37.6942%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Cost:</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 8.50368%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 9.64841%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1.22649%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 9.73017%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1.22649%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 9.73017%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1.22649%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 9.81194%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1.22649%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 9.8937%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 37.6942%; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Goodwill (a)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 8.50368%; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 9.64841%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">246,163</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1.22649%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 9.73017%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.22649%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 9.73017%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.22649%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 9.81194%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.22649%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 9.8937%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">246,163</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 37.6942%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Software (b)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 8.50368%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">5</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 9.64841%; border-bottom: 1pt solid #000000; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1.22649%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 9.73017%; border-bottom: 1pt solid #000000; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">10,023</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.22649%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 9.73017%; border-bottom: 1pt solid #000000; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.22649%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 9.81194%; border-bottom: 1pt solid #000000; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(3,997)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.22649%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 9.8937%; border-bottom: 1pt solid #000000; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">6,026</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 37.6942%; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 8.50368%; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom: 1pt solid #000000; width: 9.64841%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">246,163</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1.22649%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom: 1pt solid #000000; width: 9.73017%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">10,023</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.22649%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom: 1pt solid #000000; width: 9.73017%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.22649%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom: 1pt solid #000000; width: 9.81194%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(3,667)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.22649%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom: 1pt solid #000000; width: 9.8937%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">252,189</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 37.6942%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 8.50368%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 9.64841%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1.22649%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 9.73017%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.22649%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 9.73017%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.22649%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 9.81194%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.22649%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 9.8937%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 37.6942%; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Accumulated amortization:</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 8.50368%; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 9.64841%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1.22649%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 9.73017%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.22649%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 9.73017%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.22649%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 9.81194%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.22649%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 9.8937%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 37.6942%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Software</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 8.50368%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 9.64841%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1.22649%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 9.73017%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.22649%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 9.73017%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(413)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.22649%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 9.81194%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.22649%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 9.8937%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(413)</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 37.6942%; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 8.50368%; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom: 1pt solid #000000; width: 9.64841%; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1.22649%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom: 1pt solid #000000; width: 9.73017%; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.22649%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 9.73017%; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(413)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.22649%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom: 1pt solid #000000; width: 9.81194%; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.22649%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom: 1pt solid #000000; width: 9.8937%; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(413)</font></p>
</td>
</tr>
<tr style="background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 37.6942%; background-color: #cceeff;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 8.50368%; background-color: #cceeff;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 9.64841%; background-color: #cceeff;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1.22649%; background-color: #cceeff;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 9.73017%; background-color: #cceeff;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.22649%; background-color: #cceeff;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 9.73017%; background-color: #cceeff;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.22649%; background-color: #cceeff;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 9.81194%; background-color: #cceeff;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.22649%; background-color: #cceeff;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 9.8937%; background-color: #cceeff;"><br></td>
</tr>
<tr style="height: 18px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 37.6942%; height: 18px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Net amount</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 8.50368%; height: 18px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom: 2.8pt double #000000; width: 9.64841%; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">246,163</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1.22649%; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom: 2.8pt double #000000; width: 9.73017%; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">10,023</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.22649%; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom: 2.8pt double #000000; width: 9.73017%; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(413)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.22649%; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom: 2.8pt double #000000; width: 9.81194%; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(3,997)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.22649%; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom: 2.8pt double #000000; width: 9.8937%; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">251,776</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</div>
<div style="width: 8.5in; margin: 0 auto;">
<table style="width: 100%; margin-left: 0.1px; height: 10px; font-family: 'times new roman'; font-size: 10pt;">

<tr style="height: 10px;">
<td style="width: 5%; height: 10px; padding: 0px; text-align: center;"><font style="font-size: 10pt;">&#8226;</font><br></td>
<td style="width: 95%; height: 10px;"><font style="font-weight: bold; font-style: italic;">Consolidated</font></td>
</tr>

</table>
<table cellspacing="0" cellpadding="0" width="100%" style="font-size: 10pt; margin-left: 0pt; font-family: 'times new roman'; width: 100%; height: 444px;">

<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 27.6961%; height: 10px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 6.98529%; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Weighted average useful life (years)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1pt solid #000000; width: 7.96569%; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Balance on 12/31/2019</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1.59314%; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1pt solid #000000; width: 7.84314%; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Additions</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1.59314%; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1pt solid #000000; width: 8.57843%; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Amortization</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1.59314%; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1pt solid #000000; width: 7.72059%; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Transfer (i)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1.59314%; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1pt solid #000000; width: 7.72059%; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Write-offs and disposals</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1.59314%; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1pt solid #000000; width: 7.84314%; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Effect of foreign currency exchange rate variation</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1.59314%; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1pt solid #000000; width: 7.96569%; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Balance on 06/30/2020</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 27.6961%; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Cost:</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 6.98529%; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7.96569%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1.59314%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7.84314%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1.59314%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 8.57843%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1.59314%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7.72059%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1.59314%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7.72059%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1.59314%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7.84314%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1.59314%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7.96569%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 27.6961%; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Goodwill (a)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 6.98529%; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.96569%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,525,088</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1.59314%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.84314%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.59314%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 8.57843%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.59314%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.72059%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.59314%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.72059%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.59314%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.84314%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.59314%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.96569%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,525,088</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 27.6961%; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Software (b)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 6.98529%; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.96569%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,210,529</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1.59314%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.84314%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">78,207</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.59314%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 8.57843%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.59314%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.72059%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(3,712)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.59314%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.72059%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(3,337)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.59314%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.84314%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4,860</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.59314%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.96569%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,286,547</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 27.6961%; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Technology (c) </font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 6.98529%; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.96569%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">32,617</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1.59314%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.84314%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.59314%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 8.57843%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.59314%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.72059%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.59314%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.72059%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.59314%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.84314%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.59314%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.96569%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">32,617</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 27.6961%; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Commercial property rights</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 6.98529%; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">5</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.96569%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">7,934</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1.59314%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.84314%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">21</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.59314%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 8.57843%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.59314%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.72059%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,117</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.59314%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.72059%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,481)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.59314%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.84314%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.59314%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.96569%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">7,591</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 27.6961%; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Distribution rights</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 6.98529%; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">9</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.96569%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">133,599</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1.59314%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.84314%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.59314%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 8.57843%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.59314%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.72059%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.59314%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.72059%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.59314%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.84314%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.59314%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.96569%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">133,599</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 27.6961%; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Brands (d)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 6.98529%; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.96569%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">122,504</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.59314%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.84314%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.59314%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 8.57843%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.59314%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.72059%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.59314%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.72059%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.59314%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.84314%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">17,922</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.59314%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.96569%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">140,426</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 27.6961%; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Trademark rights (d)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 6.98529%; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">39</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.96569%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">114,792</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1.59314%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.84314%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.59314%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 8.57843%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.59314%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.72059%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.59314%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.72059%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.59314%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.84314%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.59314%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.96569%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">114,792</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 27.6961%; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Others (e)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 6.98529%; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">10</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom: 1pt solid #000000; width: 7.96569%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">44,900</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1.59314%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom: 1pt solid #000000; width: 7.84314%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">379</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.59314%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom: 1pt solid #000000; width: 8.57843%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.59314%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom: 1pt solid #000000; width: 7.72059%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.59314%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom: 1pt solid #000000; width: 7.72059%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.59314%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom: 1pt solid #000000; width: 7.84314%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4,251</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.59314%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom: 1pt solid #000000; width: 7.96569%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">49,530</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 27.6961%; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 6.98529%; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom: 1pt solid #000000; width: 7.96569%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,191,963</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1.59314%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom: 1pt solid #000000; width: 7.84314%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">78,607</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.59314%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom: 1pt solid #000000; width: 8.57843%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.59314%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom: 1pt solid #000000; width: 7.72059%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(2,595)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.59314%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom: 1pt solid #000000; width: 7.72059%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(4,818)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.59314%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom: 1pt solid #000000; width: 7.84314%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">27,033</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.59314%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom: 1pt solid #000000; width: 7.96569%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,290,190</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 27.6961%; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 6.98529%; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.96569%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1.59314%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.84314%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.59314%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 8.57843%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.59314%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.72059%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.59314%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.72059%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.59314%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.84314%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.59314%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.96569%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 27.6961%; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Accumulated amortization:</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 6.98529%; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.96569%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1.59314%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.84314%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.59314%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 8.57843%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.59314%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.72059%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.59314%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.72059%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.59314%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.84314%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.59314%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.96569%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 27.6961%; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Software</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 6.98529%; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.96569%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(648,861)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1.59314%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.84314%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.59314%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 8.57843%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(85,562)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.59314%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.72059%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.59314%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.72059%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,337</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.59314%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.84314%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(3,407)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.59314%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.96569%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(734,493)</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 27.6961%; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Technology</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 6.98529%; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.96569%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(32,616)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1.59314%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.84314%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.59314%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 8.57843%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.59314%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.72059%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.59314%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.72059%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.59314%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.84314%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.59314%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.96569%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(32,616)</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 27.6961%; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Commercial property rights</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 6.98529%; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.96569%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(6,384)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1.59314%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.84314%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.59314%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 8.57843%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(42)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.59314%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.72059%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,117)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.59314%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.72059%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">112</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.59314%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.84314%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.59314%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.96569%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(7,431)</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 27.6961%; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Distribution rights</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 6.98529%; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.96569%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(108,932)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.59314%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.84314%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.59314%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 8.57843%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(2,382)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.59314%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.72059%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.59314%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.72059%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.59314%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.84314%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.59314%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.96569%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(111,314)</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 27.6961%; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Trademark rights</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 6.98529%; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.96569%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(6,119)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1.59314%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.84314%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.59314%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 8.57843%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,469)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.59314%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.72059%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.59314%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.72059%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.59314%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.84314%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.59314%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.96569%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(7,588)</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 27.6961%; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Others</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 6.98529%; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom: 1pt solid #000000; width: 7.96569%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(32,713)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1.59314%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom: 1pt solid #000000; width: 7.84314%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.59314%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom: 1pt solid #000000; width: 8.57843%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(58)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.59314%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom: 1pt solid #000000; width: 7.72059%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.59314%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom: 1pt solid #000000; width: 7.72059%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.59314%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom: 1pt solid #000000; width: 7.84314%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(6)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.59314%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom: 1pt solid #000000; width: 7.96569%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(32,777)</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 27.6961%; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 6.98529%; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom: 1pt solid #000000; width: 7.96569%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(835,625)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1.59314%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom: 1pt solid #000000; width: 7.84314%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.59314%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom: 1pt solid #000000; width: 8.57843%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(89,513)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.59314%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom: 1pt solid #000000; width: 7.72059%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,117)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.59314%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom: 1pt solid #000000; width: 7.72059%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,449</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.59314%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom: 1pt solid #000000; width: 7.84314%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(3,413)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.59314%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom: 1pt solid #000000; width: 7.96569%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(926,219)</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 27.6961%; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 6.98529%; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.96569%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1.59314%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.84314%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.59314%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 8.57843%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.59314%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.72059%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.59314%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.72059%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.59314%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.84314%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.59314%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.96569%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 25px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 27.6961%; height: 25px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Provision for losses and impairment:</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 6.98529%; height: 25px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.96569%; height: 25px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1.59314%; height: 25px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.84314%; height: 25px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.59314%; height: 25px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 8.57843%; height: 25px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.59314%; height: 25px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.72059%; height: 25px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.59314%; height: 25px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.72059%; height: 25px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.59314%; height: 25px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.84314%; height: 25px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.59314%; height: 25px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.96569%; height: 25px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 27.6961%; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Goodwill (a)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 6.98529%; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.96569%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(593,280)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1.59314%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.84314%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.59314%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 8.57843%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.59314%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.72059%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.59314%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.72059%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.59314%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.84314%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.59314%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.96569%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(593,280)</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 27.6961%; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Commercial property rights</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 6.98529%; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom: 1pt solid #000000; width: 7.96569%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(465)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1.59314%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom: 1pt solid #000000; width: 7.84314%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(126)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.59314%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom: 1pt solid #000000; width: 8.57843%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.59314%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom: 1pt solid #000000; width: 7.72059%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.59314%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom: 1pt solid #000000; width: 7.72059%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">350</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.59314%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom: 1pt solid #000000; width: 7.84314%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.59314%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom: 1pt solid #000000; width: 7.96569%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(241)</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 27.6961%; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 6.98529%; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1pt solid #000000; width: 7.96569%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(593,745)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1.59314%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1pt solid #000000; width: 7.84314%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(126)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.59314%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1pt solid #000000; width: 8.57843%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.59314%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1pt solid #000000; width: 7.72059%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.59314%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1pt solid #000000; width: 7.72059%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">350</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.59314%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1pt solid #000000; width: 7.84314%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.59314%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1pt solid #000000; width: 7.96569%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(593,521)</font></p>
</td>
</tr>
<tr style="height: 18px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 27.6961%; height: 18px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Net amount</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 6.98529%; height: 18px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.96569%; height: 18px; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,762,593</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 1.59314%; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.84314%; border-bottom: 2.8pt double #000000; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">78,481</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.59314%; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 8.57843%; border-bottom: 2.8pt double #000000; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(89,513)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.59314%; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.72059%; border-bottom: 2.8pt double #000000; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(3,712)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.59314%; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.72059%; border-bottom: 2.8pt double #000000; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,019)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.59314%; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.84314%; border-bottom: 2.8pt double #000000; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">23,620</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.59314%; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom: 2.8pt double #000000; width: 7.96569%; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,770,450</font></p>
</td>
</tr>

</table>
<p style="font-size: 9pt; line-height: 115%; margin: 0pt 0pt 10pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">(i)</font><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: normal; font-family: 'Times New Roman';">&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Times New Roman';">Refers to amounts transferred to PP&amp;E.</font></font></p>
</div>
</div>
</div>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>65</font></font></td>
</tr>

</table>
<hr style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<div>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"><br></font></p>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ultrapar Participa&#231;&#245;es S.A. and Subsidiaries</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Notes to the Parent&#8217;s Separate and Consolidated Interim Financial Information</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(In thousands of Brazilian Reais, unless otherwise stated)</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The amortization expenses were recognized in the </font><font style="font-family: 'Times New Roman';">interim financial information </font><font style="font-family: 'Times New Roman';">as shown below:</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; width: 99.7551%; height: 103px;" width="100%">

<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; text-align: center; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; text-align: center; height: 17px; vertical-align: middle;" colspan="3" valign="middle"><font style="font-weight: bold; font-size: 8pt;">Parent&nbsp;</font></td>
<td style="padding-left: 3pt; padding-right: 3pt; text-align: center; height: 17px; vertical-align: middle;" valign="middle"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; text-align: center; height: 17px; vertical-align: middle;" colspan="3" valign="middle"><font style="font-weight: bold; font-size: 8pt;">Consolidated</font></td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; text-align: right;"><font style="color: #000000; font-family: 'Times New Roman'; font-size: 10.6667px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">06/30/2020</font></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; text-align: right;"><font style="color: #000000; font-family: 'Times New Roman'; font-size: 10.6667px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">06/30/2019</font></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">06/30/2020</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">06/30/2019</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; width: 54%; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Inventories and cost of products and services sold</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; width: 10%; height: 17px; text-align: right;">-</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; width: 2%; height: 17px; text-align: right;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; width: 10%; height: 17px; text-align: right;">-</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; width: 2%; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; width: 10%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4,588</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; width: 2%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; width: 10%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">5,731</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Selling and marketing</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; text-align: right;">-</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; text-align: right;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; text-align: right;">-</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,961</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,501</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">General and administrative</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; border-bottom: 1pt solid #000000; height: 17px; text-align: right;">413</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px; text-align: right;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; border-bottom: 1pt solid #000000; height: 17px; text-align: right;">-</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; border-bottom: 1pt solid #000000; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">80,964</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; border-bottom: 1pt solid #000000; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">45,549</font></p>
</td>
</tr>
<tr style="height: 18px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom: 2.8pt double #000000; height: 18px; text-align: right;">413</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; text-align: right;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom: 2.8pt double #000000; height: 18px; text-align: right;">-</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom: 2.8pt double #000000; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">89,513</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom: 2.8pt double #000000; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">52,781</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold;">a. Goodwill</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The balance </font><font style="font-family: 'Times New Roman';">of the goodwill </font><font style="font-family: 'Times New Roman';">is tested annually for impairment</font><font style="font-family: 'Times New Roman';"> and</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">is represented by</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">the following </font><font style="font-family: 'Times New Roman';">acquisitions</font><font style="font-family: 'Times New Roman';">:</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt;" width="100%">

<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 206.95pt;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 74.25pt;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Segment</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 68.05pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">06/30/2020</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.1pt;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 68.05pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">12/31/2019</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 206.95pt; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Goodwill on the acquisition of:</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 74.25pt; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 68.05pt; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.1pt; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 68.05pt; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 206.95pt;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Extrafarma </font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 74.25pt;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Extrafarma</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 68.05pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">661,553</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.1pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 68.05pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">661,553</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 206.95pt; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Extrafarma - impairment</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 74.25pt; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Extrafarma</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 68.05pt; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(593,280)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.1pt; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 68.05pt; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(593,280)</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 206.95pt;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Extrafarma - net</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 74.25pt;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Extrafarma</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 68.05pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">68,273</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.1pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 68.05pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">68,273</font></p>
</td>
</tr>
<tr style="height: 15.75pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 206.95pt; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Ipiranga </font><font style="font-family: 'Times New Roman'; vertical-align: super;">(1)</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 74.25pt; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ipiranga</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 68.05pt; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">276,724</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.1pt; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 68.05pt; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">276,724</font></p>
</td>
</tr>
<tr style="height: 19.5pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 206.95pt;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Uni&#227;o Terminais</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 74.25pt;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ultracargo</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 68.05pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">211,089</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.1pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 68.05pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">211,089</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 206.95pt; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Texaco</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 74.25pt; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ipiranga</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 68.05pt; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">177,759</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.1pt; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 68.05pt; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">177,759</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 206.95pt;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Iconic (CBLSA)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 74.25pt;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ipiranga</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 68.05pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">69,807</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.1pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 68.05pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">69,807</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 206.95pt; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Oxiteno Uruguay</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 74.25pt; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Oxiteno</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 68.05pt; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">44,856</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.1pt; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 68.05pt; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">44,856</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 206.95pt;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Temmar</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 74.25pt;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ultracargo</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 68.05pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">43,781</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.1pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 68.05pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">43,781</font></p>
</td>
</tr>
<tr style="height: 13.5pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 206.95pt; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">DNP</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 74.25pt; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ipiranga</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 68.05pt; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">24,736</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.1pt; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 68.05pt; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">24,736</font></p>
</td>
</tr>
<tr style="height: 13.5pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 206.95pt;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Repsol</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 74.25pt;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ultragaz</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 68.05pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">13,403</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.1pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 68.05pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">13,403</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 206.95pt; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">TEAS</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 74.25pt; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ultracargo</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 68.05pt; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">797</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.1pt; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 68.05pt; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">797</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 206.95pt;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Other</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 74.25pt;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Oxiteno</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 68.05pt; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">583</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.1pt; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 68.05pt; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">583</font></p>
</td>
</tr>
<tr style="height: 13.5pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 206.95pt; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 74.25pt; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 68.05pt; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">931,808</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.1pt; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 68.05pt; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">931,808</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt; vertical-align: super;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; vertical-align: super;">(1)</font><font style="font-family: 'Times New Roman';"> Including R$ 246,163 </font><font style="font-family: 'Times New Roman';">at</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">Ultrapar</font><font style="font-family: 'Times New Roman';">.</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">On December 31, </font><font style="font-family: 'Times New Roman';">2019</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">the Company tested the balances of goodwill shown in the table above for impairment. The determination of value in use involves assumptions, judgments</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';"> and estimates of cash flows, such as growth rates of revenues, costs and expenses, estimates of investments and working capital</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';"> and discount rates. The assumptions about growth projections and future cash flows are based on the </font><font style="font-family: 'Times New Roman';">Company&#8217;s </font><font style="font-family: 'Times New Roman';">business plan</font><font style="font-family: 'Times New Roman';"> of </font><font style="font-family: 'Times New Roman';">its </font><font style="font-family: 'Times New Roman';">operating </font><font style="font-family: 'Times New Roman';">segments</font><font style="font-family: 'Times New Roman';">, as well as comparable market data, and represent management&#8217;s best estimate of the economic conditions that will exist over the economic life of the various CGUs, to which goodwill is related.</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">The main key-assumptions used by the Company to calculate the value in use are described below:</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; text-decoration: underline;">Period of evaluation</font><font style="font-family: 'Times New Roman';">: t</font><font style="font-family: 'Times New Roman';">he evaluation of the value in use is calculated for a period of </font><font style="font-family: 'Times New Roman';">five</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">years</font><font style="font-family: 'Times New Roman';"> (exce</font><font style="font-family: 'Times New Roman';">p</font><font style="font-family: 'Times New Roman';">t </font><font style="font-family: 'Times New Roman';">the </font><font style="font-family: 'Times New Roman';">Extrafarma</font><font style="font-family: 'Times New Roman';"> segment</font><font style="font-family: 'Times New Roman';">)</font><font style="font-family: 'Times New Roman';">, after which </font><font style="font-family: 'Times New Roman';">the Company</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">calculate</font><font style="font-family: 'Times New Roman';">d</font><font style="font-family: 'Times New Roman';"> the perpetuity, considering the possibility of carrying the business on indefinitely.</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">For </font><font style="font-family: 'Times New Roman';">the </font><font style="font-family: 'Times New Roman';">Extrafarma segment, a period of </font><font style="font-family: 'Times New Roman';">ten</font><font style="font-family: 'Times New Roman';"> years </font><font style="font-family: 'Times New Roman';">was used </font><font style="font-family: 'Times New Roman';">due to </font><font style="font-family: 'Times New Roman';">a four-year</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">period </font><font style="font-family: 'Times New Roman';">to maturity </font><font style="font-family: 'Times New Roman';">of </font><font style="font-family: 'Times New Roman';">new stores</font><font style="font-family: 'Times New Roman';"> were considered</font><font style="font-family: 'Times New Roman';">.</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; text-decoration: underline;">Discount and real growth rates</font><font style="font-family: 'Times New Roman';">:</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">o</font><font style="font-family: 'Times New Roman';">n December 31, </font><font style="font-family: 'Times New Roman';">201</font><font style="font-family: 'Times New Roman';">9</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';"> t</font><font style="font-family: 'Times New Roman';">he discount and </font><font style="font-family: 'Times New Roman';">real </font><font style="font-family: 'Times New Roman';">growth rates used to extrapolate the projections ranged from </font><font style="font-family: 'Times New Roman';">8.</font><font style="font-family: 'Times New Roman';">9</font><font style="font-family: 'Times New Roman';">% to </font><font style="font-family: 'Times New Roman';">1</font><font style="font-family: 'Times New Roman';">2.1</font><font style="font-family: 'Times New Roman';">% </font><font style="font-family: 'Times New Roman';">and </font><font style="font-family: 'Times New Roman';">from </font><font style="font-family: 'Times New Roman';">0</font><font style="font-family: 'Times New Roman';">% to </font><font style="font-family: 'Times New Roman';">1</font><font style="font-family: 'Times New Roman';">% p.a., respectively, depending on the CGU analyzed.</font></font></p>
</div>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';"><br></font></font></p>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>66</font></font></td>
</tr>

</table>
<hr style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';"><br></font></font></p>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-style: initial; text-decoration-color: initial;">Ultrapar<font style="font-family: 'Times New Roman'; font-size: 10pt; text-align: justify;"><font>&nbsp;</font></font>Participa&#231;&#245;es<font style="font-family: 'Times New Roman'; font-size: 10pt; text-align: justify;"><font>&nbsp;</font>S.A. and Subsidiaries</font><br></p>
<div style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-style: initial; text-decoration-color: initial;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Notes to the Parent&#8217;s Separate and Consolidated Interim Financial Information</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"><br></font></p>
</div>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; text-decoration: underline;">Revenue from sales and services, costs and expenses, and gross margin</font><font style="font-family: 'Times New Roman';">:</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">considers</font><font style="font-family: 'Times New Roman';"> the budget prepared</font><font style="font-family: 'Times New Roman';"> for </font><font style="font-family: 'Times New Roman';">2020</font><font style="font-family: 'Times New Roman';"> and the long-term strategic plan prepared</font><font style="font-family: 'Times New Roman';"> by management and approved by the Board of Directors.</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The goodwill impairment tests and net assets</font><font style="font-family: 'Times New Roman';"> of the Company and its subsidiaries </font><font style="font-family: 'Times New Roman';">result in the recognition of impairment in the amount of R$ 593,280 for subsidiary Extrafarma for the year ended December 31, 201</font><font style="font-family: 'Times New Roman';">9</font><font style="font-family: 'Times New Roman';"> (see Note 2.u).</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The Company </font><font style="font-family: 'Times New Roman';">assessed</font><font style="font-family: 'Times New Roman';"> a sensitivity analysis of discount and growth rate of perpetuity, due to </font><font style="font-family: 'Times New Roman';">their</font><font style="font-family: 'Times New Roman';"> significant impact on cash flows</font><font style="font-family: 'Times New Roman';"> and value in use</font><font style="font-family: 'Times New Roman';">. An increase of 0.5 percentage points in the discount rate or a decrease of 0.5 percentage </font><font style="font-family: 'Times New Roman';">points </font><font style="font-family: 'Times New Roman';">in the growth rate of the perpetuity of the cash flow of each business segment </font><font style="font-family: 'Times New Roman';">would</font><font style="font-family: 'Times New Roman';"> not result in </font><font style="font-family: 'Times New Roman';">the </font><font style="font-family: 'Times New Roman';">recognition of </font><font style="font-family: 'Times New Roman';">impairment</font><font style="font-family: 'Times New Roman';">.</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold;">b. Software</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">I</font><font style="font-family: 'Times New Roman';">ncludes user licenses and costs for the implementation of the various systems used by the Company and its subsidiaries, such as: integrated management and control, financial management, foreign trade, industrial automation, operational and storage management, accounting information</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';"> and other systems. <font lang="EN-US" style="font-family: 'Times New Roman', serif; color: black;">Also include expenses related to software in progress </font><font lang="EN-US" style="font-family: 'Times New Roman', serif;">in the amount of R$ 37,327 on June 30, 2020 and R$ 56,472 on December 31, 2019.</font> </font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold;">c. Technology</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The subsidiaries Oxiteno S.A.</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">and Oleoqu&#237;mica</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">recognize as technology certain rights of use held by them. Such licenses include the production of ethylene oxide, ethylene glycols, ethanolamines, glycol ethers, ethoxylates, solvents, fatty acids from vegetable oils, fatty alcohols, and specialty chemicals, which are products that are supplied to various industries.</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold;">d. Brands and Trademark rights</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Brands </font><font style="font-family: 'Times New Roman';">are represented by the acquisition cost of the &#8216;am/pm&#8217; brand in Brazil</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">and</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">of the </font><font style="font-family: 'Times New Roman';">Extrafarma</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">brand</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">acquired in the business combination</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">and Chevron</font><font style="font-family: 'Times New Roman';"> and Texaco</font><font style="font-family: 'Times New Roman';"> trademark rights</font><font style="font-family: 'Times New Roman';">.</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt 0pt 12pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold;">e. Other intangibles</font></p>
<p style="margin: 0pt 0pt 12pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">R</font><font style="font-family: 'Times New Roman';">efer</font><font style="font-family: 'Times New Roman';">s</font><font style="font-family: 'Times New Roman';"> mainly to </font><font style="font-family: 'Times New Roman';">the </font><font style="font-family: 'Times New Roman';">loyalty program </font><font style="font-family: 'Times New Roman';">&#8220;</font><font style="font-family: 'Times New Roman';">Clube Extrafarma</font><font style="font-family: 'Times New Roman';">&#8221;</font><font style="font-family: 'Times New Roman';">.&nbsp;</font></font></p>
</div>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>67</font></font></td>
</tr>

</table>
<hr style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
</div>
</div><div style="font-family: 'times new roman', times; font-size: 10pt;">
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-style: initial; text-decoration-color: initial;">Ultrapar<font style="font-family: 'Times New Roman'; font-size: 10pt; text-align: justify;"><font>&nbsp;</font></font>Participa&#231;&#245;es<font style="font-family: 'Times New Roman'; font-size: 10pt; text-align: justify;"><font>&nbsp;</font>S.A. and Subsidiaries</font><br></p>
<div style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-style: initial; text-decoration-color: initial;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Notes to the <font style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Parent's Separate</font> and Consolidated Interim Financial Information</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(In thousands of Brazilian Reais, unless otherwise stated)</font></p>
</div>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;"><br></font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">16. Loans, Financing, Debentures and Hedge Derivative Financial Instruments</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;"><br></font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">a.</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">&nbsp;</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">&nbsp;</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">Composition</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold;">a.1 Parent</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 130px; width: 100%;" width="100%">

<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Description</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">06/30/2020</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">12/31/2019</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Index/ Currency</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Weighted average financial charges 06/30/2020 &#8211; % p.a.</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Maturity</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 46%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Brazilian Reais:</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 10%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 2%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 10%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 2%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 10%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 10%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 10%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Debentures &#8211; 6th issuance (g.5)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,741,482</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,752,081</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">DI</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">105.3</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2023</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Notes - Ultrapar (h.1)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,009,997</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">R$ + DI</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3.1</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2021</font></p>
</td>
</tr>
<tr style="height: 18px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Total </font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,751,479</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,752,081</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Current</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,027,740</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">28,713</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Non-current</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,723,739</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,723,368</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold;">a.2 Consolidated</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 174px; width: 100%;" width="100%">

<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Description</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">06/30/2020</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">12/31/2019</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Index/ Currency</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Weighted average financial charges 06/30/2020 &#8211; % p.a.</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Maturity</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 46%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Foreign currency &#8211; denominated loans:</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 10%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 2%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 10%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 2%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 10%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 10%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 10%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Notes in the foreign market (b) (*)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">5,747,009</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4,213,662</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">US$</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">5.3</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2026 to 2029</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Foreign loan (c.1) (*)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,474,151</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,057,407</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">US$</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3.9</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2021 to 2023</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Foreign loan (c.1) (*)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">818,834</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">608,685</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">US$ + LIBOR (1)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">0.9</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2022 to 2023</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Financial institutions (e)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">659,380</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">604,741</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">US$ + LIBOR (1)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1.8</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2020 to 2023</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Financial institutions (e)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">174,345</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">132,417</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">US$</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2.6</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2020 to 2022</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Financial institutions (e)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">57,436</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">41,164</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">MX$ (2)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">10.5</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2020</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Foreign loan (c.2)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">243,837</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">US$</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">+ LIBOR (1)</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2020</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">BNDES (d)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">208</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">US$</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2020</font></p>
</td>
</tr>
<tr style="height: 18px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Total foreign currency</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; border-bottom: 2.8pt double #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">8,931,155</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; border-bottom: 2.8pt double #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">6,902,121</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</div>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>68</font></font></td>
</tr>

</table>
<hr style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"><br></font></p>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-style: initial; text-decoration-color: initial;">Ultrapar<font style="font-family: 'Times New Roman'; font-size: 10pt; text-align: justify;"><font>&nbsp;</font></font>Participa&#231;&#245;es<font style="font-family: 'Times New Roman'; font-size: 10pt; text-align: justify;"><font>&nbsp;</font>S.A. and Subsidiaries</font><br></p>
<div style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-style: initial; text-decoration-color: initial;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Notes to the <font style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Parent's Separate</font> and Consolidated Interim Financial Information</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(In thousands of Brazilian Reais, unless otherwise stated)</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"><br></font></p>
</div>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 395px; width: 100%;" width="100%">

<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Description</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">06/30/2020</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">12/31/2019</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Index/ Currency</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Weighted average financial charges 06/30/2020 &#8211; % p.a.</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Maturity</font></p>
</td>
</tr>
<tr style="height: 19px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px; width: 46%; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Brazilian Reais &#8211; denominated loans:</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 19px; width: 10%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 19px; width: 2%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 19px; width: 10%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 19px; width: 2%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 19px; width: 10%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 19px; width: 10%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 19px; width: 10%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 19px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Debentures &#8211; CRA (g.2, g.4 and g.6)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 2,035,647</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 2,036,647</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 19px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">DI</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">95.8</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2022 to 2023</font></p>
</td>
</tr>
<tr style="height: 19px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Debentures &#8211; Ipiranga (g.1 and g.3)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 1,730,060</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 1,868,612</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 19px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">DI</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">105.0</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2020 to 2022</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Debentures &#8211; 6&#170; issuance (g.5)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 1,741,482</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 1,752,080</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">DI</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">105.3</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2023</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Notes - Ultrapar (h.1)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 1,009,997</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">R$ + DI</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3.1</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2021</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Debentures &#8211; CRA (g.2, g.4 and g.6) (*)&nbsp; </font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 947,390</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 941,614</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">IPCA</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4.6</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2024 to 2025</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Banco do Brasil (f)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 406,789</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 611,276</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">DI</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">110.9</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2020 to 2022</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Notes - Ipiranga (h.2)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 301,885</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">R$ + DI</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2.0</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2021</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Bank Credit Bill</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 233,949</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">R$ + DI</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3.5</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2021</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Debentures &#8211; Tequimar (g.7)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 85,254</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 89,278</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">R$</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">6.5</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2024</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">BNDES (d)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 38,693</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 62,578</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">TJLP (3)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2.2</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2020 to 2023</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">FINEP</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 35,565</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 41,345</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">TJLP (3)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1.6</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2020 to 2023</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">BNDES (d)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 18,622</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 30,392</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">SELIC (5)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2.4</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2020 to 2023</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">FINEP</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 9,614</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 12,820</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">R$</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4.0</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2020 to 2021</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Banco do Nordeste do Brasil</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 8,257</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 10,039</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">R$ (4)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">8.5</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2020 to 2021</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">BNDES (d)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 1,615</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 3,913</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">R$</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">8.4</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2020 to 2022</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">FINAME</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1pt solid #000000; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 8</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1pt solid #000000; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 22</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">TJLP (3)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">5.7</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2020 to 2022</font></p>
</td>
</tr>
<tr style="height: 18px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Total in Brazilian Reais</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 8,604,827</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 7,460,616</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Total foreign currency and Brazilian Reais</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 17,535,982</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 14,362,737</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Currency and interest rate hedging instruments (**)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 228,190</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 29,985</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 18px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 20pt; text-indent: 0.75pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Total </font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 17,764,172</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 14,392,722</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Current</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 2,597,216</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 1,117,441</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Non-current</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 15,166,956</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 13,275,281</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">(*) These transactions were designated for hedge accounting (see Note </font><font style="font-family: 'Times New Roman';">3</font><font style="font-family: 'Times New Roman';">3</font><font style="font-family: 'Times New Roman';">.h</font><font style="font-family: 'Times New Roman';">).</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">(**) </font><font style="font-family: 'Times New Roman';">Accumulated</font><font style="font-family: 'Times New Roman';"> losses (see Note 3</font><font style="font-family: 'Times New Roman';">3</font><font style="font-family: 'Times New Roman';">.</font><font style="font-family: 'Times New Roman';">i</font><font style="font-family: 'Times New Roman';">).</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt;" width="100%">

<tr style="height: 15.5pt;">
<td style="vertical-align: top; width: 18.45pt;">
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; vertical-align: super;">(</font><font style="font-family: 'Times New Roman'; vertical-align: super;">1</font><font style="font-family: 'Times New Roman'; vertical-align: super;">)</font></font></p>
</td>
<td style="vertical-align: top; width: 441.25pt;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">LIBOR = London Interbank Offered Rate.</font></p>
</td>
</tr>
<tr style="height: 15.5pt;">
<td style="vertical-align: top; width: 18.45pt;">
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; vertical-align: super;">(</font><font style="font-family: 'Times New Roman'; vertical-align: super;">2</font><font style="font-family: 'Times New Roman'; vertical-align: super;">)</font></font></p>
</td>
<td style="vertical-align: top; width: 441.25pt;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">MX$ = Mexican Peso; TIIE = the Mexican interbank balance interest rate.</font></p>
</td>
</tr>
<tr style="height: 24.85pt;">
<td style="vertical-align: top; width: 18.45pt;">
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; vertical-align: super;">(</font><font style="font-family: 'Times New Roman'; vertical-align: super;">3</font><font style="font-family: 'Times New Roman'; vertical-align: super;">)</font></font></p>
</td>
<td style="vertical-align: top; width: 441.25pt;">
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">TJLP (Long-term Interest Rate) = set by the National Monetary Council, TJLP is the basic financing cost of </font><font style="font-family: 'Times New Roman';">Banco Nacional de Desenvolvimento</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">Econ&#244;mico e Social </font><font style="font-family: 'Times New Roman';">(&#8220;</font><font style="font-family: 'Times New Roman';">BNDES</font><font style="font-family: 'Times New Roman';">&#8221;)</font><font style="font-family: 'Times New Roman';">, the Brazilian Development Bank</font><font style="font-family: 'Times New Roman';">. </font><font style="font-family: 'Times New Roman';">On</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">June</font><font style="font-family: 'Times New Roman';"> 3</font><font style="font-family: 'Times New Roman';">0</font><font style="font-family: 'Times New Roman';">, 20</font><font style="font-family: 'Times New Roman';">20</font><font style="font-family: 'Times New Roman';">, TJLP was fixed at </font><font style="font-family: 'Times New Roman';">4.94</font><font style="font-family: 'Times New Roman';">%</font><font style="font-family: 'Times New Roman';"> p.a.</font></font></p>
</td>
</tr>
<tr style="height: 24.85pt;">
<td style="vertical-align: top; width: 18.45pt;">
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; vertical-align: super;">(</font><font style="font-family: 'Times New Roman'; vertical-align: super;">4</font><font style="font-family: 'Times New Roman'; vertical-align: super;">)</font></font></p>
</td>
<td style="vertical-align: top; width: 441.25pt;">
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Contract linked to the rate of FNE (Northeast Constitutional Financing Fund) fund whose purpose is to </font><font style="font-family: 'Times New Roman';">promote</font><font style="font-family: 'Times New Roman';"> the development of the industrial sector, </font><font style="font-family: 'Times New Roman';">managed</font><font style="font-family: 'Times New Roman';"> by Banco do Nordeste do Brasil. On </font><font style="font-family: 'Times New Roman';">June</font><font style="font-family: 'Times New Roman';"> 3</font><font style="font-family: 'Times New Roman';">0</font><font style="font-family: 'Times New Roman';">, 20</font><font style="font-family: 'Times New Roman';">20</font><font style="font-family: 'Times New Roman';">, the FNE interest rate was 10% p.a</font><font style="font-family: 'Times New Roman';">.</font><font style="font-family: 'Times New Roman';"> FNE grants a discount of 15% </font><font style="font-family: 'Times New Roman';">on</font><font style="font-family: 'Times New Roman';"> the interest rate for timely payments.</font></font></p>
</td>
</tr>
<tr style="height: 12.6pt;">
<td style="background-color: #ffffff; vertical-align: top; width: 18.45pt;">
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; vertical-align: super;">(</font><font style="font-family: 'Times New Roman'; vertical-align: super;">5</font><font style="font-family: 'Times New Roman'; vertical-align: super;">)</font></font></p>
</td>
<td style="background-color: #ffffff; vertical-align: top; width: 441.25pt;">
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">SELIC = </font><font style="font-family: 'Times New Roman';">bas</font><font style="font-family: 'Times New Roman';">ic</font><font style="font-family: 'Times New Roman';"> interest rate</font><font style="font-family: 'Times New Roman';"> set by the Brazilian Central Bank</font><font style="font-family: 'Times New Roman';">.</font></font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</div>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>69</font></font></td>
</tr>

</table>
<hr style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"><br></font></p>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-style: initial; text-decoration-color: initial;">Ultrapar<font style="font-family: 'Times New Roman'; font-size: 10pt; text-align: justify;"><font>&nbsp;</font></font>Participa&#231;&#245;es<font style="font-family: 'Times New Roman'; font-size: 10pt; text-align: justify;"><font>&nbsp;</font>S.A. and Subsidiaries</font><br></p>
<div style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-style: initial; text-decoration-color: initial;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Notes to the <font style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Parent's Separate</font> and Consolidated Interim Financial Information</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(In thousands of Brazilian Reais, unless otherwise stated)</font></p>
</div>
<p style="font-size: 11pt; line-height: 115%; margin: 0pt 0pt 10pt; text-align: justify;"><br><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The changes in </font><font style="font-family: 'Times New Roman';">loans</font><font style="font-family: 'Times New Roman';"> and</font><font style="font-family: 'Times New Roman';"> debentures </font><font style="font-family: 'Times New Roman';">are shown below:</font></font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; width: 100%; height: 88px;" width="100%">

<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 90.7604%; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Balance as of December 31, 2019</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 9.15781%; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">14,362,737</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 90.7604%; height: 10px;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">New loans and debentures with cash effect</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 9.15781%; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,611,155</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 90.7604%; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Interest accrued</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 9.15781%; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">373,256</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 90.7604%; height: 10px;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Principal payment</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 9.15781%; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(984,871)</font></p>
</td>
</tr>
<tr style="height: 18px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 90.7604%; background-color: #cceeff; height: 18px;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Interest payment</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 9.15781%; background-color: #cceeff; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(336,187)</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 90.7604%; height: 10px;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Monetary and exchange rate variation</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 9.15781%; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,466,214</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 90.7604%; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Change in fair value</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 9.15781%; background-color: #cceeff; border-bottom: 1pt solid #000000; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">43,678</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 90.7604%; height: 10px;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Balance as of June 30, 2020</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 9.15781%; border-bottom: 2.8pt double #000000; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">17,535,982</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The long-term consolidated debt had the following </font><font style="font-family: 'Times New Roman';">principal </font><font style="font-family: 'Times New Roman';">maturity schedule:</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; width: 100%;" width="100%">

<tr style="height: 15pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; text-align: right;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; text-align: right; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">06/30/2020</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; text-align: right;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; text-align: right; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">12/31/2019</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 78%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">From 1 to 2 years</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 10%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,787,002</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 2%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 10%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,424,775</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">From 2 to 3 years</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,591,433</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,115,495</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">From 3 to 4 years</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,455,162</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,451,988</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">From 4 to 5 years</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">328,191</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">765,263</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">More than 5 years</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">6,005,168</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4,517,760</font></p>
</td>
</tr>
<tr style="height: 13.5pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom: 2.8pt double #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">15,166,956</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom: 2.8pt double #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">13,275,281</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">T</font><font style="font-family: 'Times New Roman';">he transaction costs and issuance premiums associated with debt issuance were added to their financial liabilities, as shown in Note 1</font><font style="font-family: 'Times New Roman';">6</font><font style="font-family: 'Times New Roman';">.</font><font style="font-family: 'Times New Roman';">i</font><font style="font-family: 'Times New Roman';">.</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The Company&#8217;s management entered into hedging instruments against foreign exchange and interest rate variations for a portion of its debt obligations (see Note </font><font style="font-family: 'Times New Roman';">3</font><font style="font-family: 'Times New Roman';">3</font><font style="font-family: 'Times New Roman';">.h</font><font style="font-family: 'Times New Roman';">).</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt;" width="100%">

<tr style="height: 15.45pt;">
<td style="vertical-align: top; width: 18pt;">
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">b.</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">&nbsp;</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">&nbsp;</font></font></p>
</td>
<td style="vertical-align: top; width: 407.35pt;">
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">Notes in the </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">Foreign </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">Market</font></font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">On October 6, 2016, </font><font style="font-family: 'Times New Roman';">the subsidiary Ultrapar Internat</font><font style="font-family: 'Times New Roman';">ional </font><font style="font-family: 'Times New Roman';">S.A. (&#8220;Ultrapar International&#8221;) </font><font style="font-family: 'Times New Roman';">issued US$ 750</font><font style="font-family: 'Times New Roman';">,000</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">(equivalent </font><font style="font-family: 'Times New Roman';">to R$ </font><font style="font-family: 'Times New Roman';">4,107,000</font><font style="font-family: 'Times New Roman';"> as of </font><font style="font-family: 'Times New Roman';">June</font><font style="font-family: 'Times New Roman';"> 3</font><font style="font-family: 'Times New Roman';">0</font><font style="font-family: 'Times New Roman';">, 20</font><font style="font-family: 'Times New Roman';">20</font><font style="font-family: 'Times New Roman';">)</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">in notes</font><font style="font-family: 'Times New Roman';"> in the foreign market, maturing in </font><font style="font-family: 'Times New Roman';">October</font><font style="font-family: 'Times New Roman';"> 2026</font><font style="font-family: 'Times New Roman';">, with interest rate o</font><font style="font-family: 'Times New Roman';">f 5.25% p</font><font style="font-family: 'Times New Roman';">.</font><font style="font-family: 'Times New Roman';">a</font><font style="font-family: 'Times New Roman';">.</font><font style="font-family: 'Times New Roman';">, paid semiannually. The issue price was 98.097% of the face value of the note. The notes were guaranteed by the Company and </font><font style="font-family: 'Times New Roman';">its subsidiary </font><font style="font-family: 'Times New Roman';">IPP</font><font style="font-family: 'Times New Roman';">. </font><font style="font-family: 'Times New Roman';">The Company has designated hedge</font><font style="font-family: 'Times New Roman';"> relationships</font><font style="font-family: 'Times New Roman';"> for this transaction (see </font><font style="font-family: 'Times New Roman';">N</font><font style="font-family: 'Times New Roman';">ote 3</font><font style="font-family: 'Times New Roman';">3</font><font style="font-family: 'Times New Roman';">.h</font><font style="font-family: 'Times New Roman';">.3</font><font style="font-family: 'Times New Roman';">).</font></font></p>
<p style="background-color: #ffffff; margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt 0pt 12pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">On</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">June 6, 2019, the</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">subsidiary</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">Ultrapar International</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">issued US$ 500</font><font style="font-family: 'Times New Roman';">,000</font><font style="font-family: 'Times New Roman';"> (equivalent</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">to R$ </font><font style="font-family: 'Times New Roman';">2,738,000</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">a</font><font style="font-family: 'Times New Roman';">s</font><font style="font-family: 'Times New Roman';"> of</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">June</font><font style="font-family: 'Times New Roman';"> 3</font><font style="font-family: 'Times New Roman';">0</font><font style="font-family: 'Times New Roman';">, 20</font><font style="font-family: 'Times New Roman';">20</font><font style="font-family: 'Times New Roman';">) in notes in the</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">foreign</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">market, maturing in</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">June</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">2029, with</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">interest rate of</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">5.25% p. a., paid</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">semiannually. The issue</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">price</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">was 100% of</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">the face value</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">of</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">the note. The notes were</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">guaranteed</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">by</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">the</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">Company</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">and its subsidiary IPP. The Company</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">has</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">designated hedge relationships for </font><font style="font-family: 'Times New Roman';">part of </font><font style="font-family: 'Times New Roman';">this</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">transaction (see Note 3</font><font style="font-family: 'Times New Roman';">3</font><font style="font-family: 'Times New Roman';">.h.3).</font></font></p>
<p style="font-size: 11pt; line-height: 115%; margin: 0pt 0pt 10pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">On June 21, </font><font style="font-family: 'Times New Roman';">2019, </font><font style="font-family: 'Times New Roman';">the subsidiary </font><font style="font-family: 'Times New Roman';">Ultrapar International</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">repurchased</font><font style="font-family: 'Times New Roman';"> US$ 200</font><font style="font-family: 'Times New Roman';">,000</font><font style="font-family: 'Times New Roman';"> (equivalent</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">to</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">R$ </font><font style="font-family: 'Times New Roman';">1,095,200</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">as of </font><font style="font-family: 'Times New Roman';">June</font><font style="font-family: 'Times New Roman';"> 3</font><font style="font-family: 'Times New Roman';">0</font><font style="font-family: 'Times New Roman';">, </font><font style="font-family: 'Times New Roman';">20</font><font style="font-family: 'Times New Roman';">20</font><font style="font-family: 'Times New Roman';">) </font><font style="font-family: 'Times New Roman';">in notes in the foreign market maturing in October 2026</font><font style="font-family: 'Times New Roman';">.</font><font style="font-family: 'Times New Roman';"> </font></font></p>
<p style="font-size: 11pt; line-height: 115%; margin: 0pt 0pt 10pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">As a result of the issuance of</font><font style="font-family: 'Times New Roman';"> the</font><font style="font-family: 'Times New Roman';"> notes</font><font style="font-family: 'Times New Roman';"> in the foreign market</font><font style="font-family: 'Times New Roman';">, </font><font style="font-family: 'Times New Roman';">the Company and its subsidiaries are </font><font style="font-family: 'Times New Roman';">required </font><font style="font-family: 'Times New Roman';">to </font><font style="font-family: 'Times New Roman';">perform</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">certain </font><font style="font-family: 'Times New Roman';">obligations</font><font style="font-family: 'Times New Roman';">, including:</font></font></p>
</div>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>70</font></font></td>
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</table>
<hr style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"><br></font></p>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-style: initial; text-decoration-color: initial;">Ultrapar<font style="font-family: 'Times New Roman'; font-size: 10pt; text-align: justify;"><font>&nbsp;</font></font>Participa&#231;&#245;es<font style="font-family: 'Times New Roman'; font-size: 10pt; text-align: justify;"><font>&nbsp;</font>S.A. and Subsidiaries</font><br></p>
<div style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-style: initial; text-decoration-color: initial;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Notes to the <font style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Parent's Separate</font> and Consolidated Interim Financial Information</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"><br></font></p>
</div>
<p style="background-color: #ffffff; margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">&#8226; Restriction on sale of all or </font><font style="font-family: 'Times New Roman';">substantially</font><font style="font-family: 'Times New Roman';"> all assets of the Company and subsidiaries Ultrapar International and IPP.</font></font></p>
<p style="background-color: #ffffff; margin: 0pt; text-align: justify;"><br><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">&#8226; Restriction o</font><font style="font-family: 'Times New Roman';">n</font><font style="font-family: 'Times New Roman';"> encumbrance </font><font style="font-family: 'Times New Roman';">of</font><font style="font-family: 'Times New Roman';"> assets </font><font style="font-family: 'Times New Roman';">exceeding</font><font style="font-family: 'Times New Roman';"> US$ 150</font><font style="font-family: 'Times New Roman';">,000</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">(</font><font style="font-family: 'Times New Roman';">equivalent </font><font style="font-family: 'Times New Roman';">to R$ </font><font style="font-family: 'Times New Roman';">821,400</font><font style="font-family: 'Times New Roman';"> as of </font><font style="font-family: 'Times New Roman';">June</font><font style="font-family: 'Times New Roman';"> 3</font><font style="font-family: 'Times New Roman';">0</font><font style="font-family: 'Times New Roman';">, 20</font><font style="font-family: 'Times New Roman';">20</font><font style="font-family: 'Times New Roman';">)</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">or 15% of the </font><font style="font-family: 'Times New Roman';">amount</font><font style="font-family: 'Times New Roman';"> of </font><font style="font-family: 'Times New Roman';">the </font><font style="font-family: 'Times New Roman';">consolidated tangible assets</font><font style="font-family: 'Times New Roman';">.</font></font></p>
<p style="background-color: #ffffff; margin: 0pt; text-align: justify;"><font style="background-color: #ffffff; font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="background-color: #ffffff; margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The Company and its subsidiaries </font><font style="font-family: 'Times New Roman';">are in compliance with the levels of covenants required by </font><font style="font-family: 'Times New Roman';">this</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">debt</font><font style="font-family: 'Times New Roman';">. The restrictions imposed on the Company and its subsidiaries are customary in transactions of this </font><font style="font-family: 'Times New Roman';">nature</font><font style="font-family: 'Times New Roman';"> and have not limited their ability to conduct their business to date.</font></font></p>
<p style="background-color: #ffffff; margin: 0pt; text-align: justify;"><font style="color: #212121; font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt;" width="100%">

<tr style="height: 15.45pt;">
<td style="vertical-align: top; width: 18pt;">
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">c</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">.</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">&nbsp;</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">&nbsp;</font></font></p>
</td>
<td style="vertical-align: top; width: 407.35pt;">
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">Foreign </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">L</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">oan</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">s</font></font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">c.1</font><font style="font-family: 'Times New Roman'; font-weight: bold;">.</font><font style="font-family: 'Times New Roman'; font-weight: bold;"> </font><font style="font-family: 'Times New Roman';">T</font><font style="font-family: 'Times New Roman';">he subsidiary IPP </font><font style="font-family: 'Times New Roman';">has </font><font style="font-family: 'Times New Roman';">foreign loan</font><font style="font-family: 'Times New Roman';">s</font><font style="font-family: 'Times New Roman';"> in the amount of US$ </font><font style="font-family: 'Times New Roman';">395</font><font style="font-family: 'Times New Roman';">,000</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">(equivalent </font><font style="font-family: 'Times New Roman';">to R</font><font style="font-family: 'Times New Roman';">$ </font><font style="font-family: 'Times New Roman';">2,</font><font style="font-family: 'Times New Roman';">163,020</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">as</font><font style="font-family: 'Times New Roman';"> of </font><font style="font-family: 'Times New Roman';">June</font><font style="font-family: 'Times New Roman';"> 3</font><font style="font-family: 'Times New Roman';">0</font><font style="font-family: 'Times New Roman';">, 20</font><font style="font-family: 'Times New Roman';">20</font><font style="font-family: 'Times New Roman';">)</font><font style="font-family: 'Times New Roman';">. IPP also contracted hedging instruments with floating interest rate in U.S. dollar and exchange rate variation, changing the foreign loan</font><font style="font-family: 'Times New Roman';">s</font><font style="font-family: 'Times New Roman';"> charge</font><font style="font-family: 'Times New Roman';">s</font><font style="font-family: 'Times New Roman';">, on average,</font><font style="font-family: 'Times New Roman';"> to </font><font style="font-family: 'Times New Roman';">10</font><font style="font-family: 'Times New Roman';">4.</font><font style="font-family: 'Times New Roman';">4</font><font style="font-family: 'Times New Roman';">% of DI. </font><font style="font-family: 'Times New Roman';">IPP designated th</font><font style="font-family: 'Times New Roman';">ese</font><font style="font-family: 'Times New Roman';"> hedging instrument</font><font style="font-family: 'Times New Roman';">s</font><font style="font-family: 'Times New Roman';"> as a fair value hedge</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">(see Note 3</font><font style="font-family: 'Times New Roman';">3</font><font style="font-family: 'Times New Roman';">.h.1)</font><font style="font-family: 'Times New Roman';">; therefore, loan</font><font style="font-family: 'Times New Roman';">s</font><font style="font-family: 'Times New Roman';"> and hedging instrument</font><font style="font-family: 'Times New Roman';">s</font><font style="font-family: 'Times New Roman';"> are both </font><font style="font-family: 'Times New Roman';">measured </font><font style="font-family: 'Times New Roman';">at fair value from inception</font><font style="font-family: 'Times New Roman';">, with changes in fair value recognized through profit or loss</font><font style="font-family: 'Times New Roman';">. </font><font style="font-family: 'Times New Roman';">The foreign loan</font><font style="font-family: 'Times New Roman';">s</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">are </font><font style="font-family: 'Times New Roman';">secured by the Company.</font></font></p>
<p style="margin: 0pt 0pt 0pt 18pt; orphans: 0; text-align: justify; text-indent: -18pt; widows: 0;"><br></p>
<p style="margin: 0pt 0pt 0pt 18pt; orphans: 0; text-align: justify; text-indent: -18pt; widows: 0;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The foreign loans ha</font><font style="font-family: 'Times New Roman';">ve</font><font style="font-family: 'Times New Roman';"> the maturity distributed as follows:</font></font></p>
<p style="margin: 0pt 0pt 0pt 18pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt; vertical-align: super;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 175px; width: 100%;" width="100%">

<tr style="height: 21px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 21px; width: 62%;">
<p style="margin: 0pt; text-align: left;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Maturity</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 21px; width: 12%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">US$ (thousands)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 21px; width: 1%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 21px; width: 12%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">R$ (thousands)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 21px; width: 1%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 21px; width: 12%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Cost in % of DI</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Charges<font style="font-size: 9pt;"><sup>(1)</sup></font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">23,734</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">129,965</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Jul/2021</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">60,000</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">328,560</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">101.8</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Jun/2022</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100,000</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">547,600</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">105.0</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Jul/2023</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">50,000</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">273,800</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">104.8</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Sep/2023</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">60,000</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">328,560</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">105.0</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Sep/2023</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">65,000</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">355,940</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">104.7</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Nov/2023</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">60,000</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">328,560</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">104.5</font></p>
</td>
</tr>
<tr style="height: 18px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Total / average cost</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom: 2.8pt double #000000; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">418,734</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom: 2.8pt double #000000; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,292,985</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom: 2.8pt double #000000; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">104.4</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt 0pt 0pt 18pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt; vertical-align: super;">&nbsp;</font></p>
<p style="margin: 0pt 0pt 6pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; vertical-align: super; font-size: 8pt;">(1)</font><font style="font-family: 'Times New Roman';"> Includes interest, transaction costs </font><font style="font-family: 'Times New Roman';">and </font><font style="font-family: 'Times New Roman';">mark to market</font><font style="font-family: 'Times New Roman';">.</font></font></p>
</div>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>71</font></font></td>
</tr>

</table>
<hr style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-style: initial; text-decoration-color: initial;"><br></p>
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<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-style: initial; text-decoration-color: initial;">Ultrapar<font style="font-family: 'Times New Roman'; font-size: 10pt; text-align: justify;"><font>&nbsp;</font></font>Participa&#231;&#245;es<font style="font-family: 'Times New Roman'; font-size: 10pt; text-align: justify;"><font>&nbsp;</font>S.A. and Subsidiaries</font><br></p>
<div style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-style: initial; text-decoration-color: initial;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Notes to the <font style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Parent's Separate</font> and Consolidated Interim Financial Information</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"><br></font></p>
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<p style="margin: 0pt 0pt 6pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">During these contracts, the Company shall maintain the following financial ratios, calculated based on its audited consolidated </font><font style="font-family: 'Times New Roman';">Financial statements</font><font style="font-family: 'Times New Roman';">:</font></font></p>
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<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#8226;</font></p>
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<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Maintenance of a financial ratio, determined by the ratio between consolidated net debt and consolidated Earnings before Interest, Taxes, Depreciation, and Amortization (EBITDA), at less than or equal to 3.5.</font></p>
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<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
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<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#8226;</font></p>
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<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Maintenance of a financial ratio determined by the ratio between consolidated EBITDA and consolidated net financial expenses, higher than or equal to 1.5.</font></p>
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<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"><br></font></p>
<p style="margin: 0pt 0pt 10pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The C</font><font style="font-family: 'Times New Roman';">ompany complies with the levels of covenants required by these loans. The restrictions imposed on the Company and its subsidiaries are usual for this type of transaction and have not limited their ability to conduct their business to date.</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">c.2</font><font style="font-family: 'Times New Roman'; font-weight: bold;"> </font><font style="font-family: 'Times New Roman';">The subsidiary</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">Global Petroleum Products Trading Corporation</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">(&#8220;GPPTC&#8221;) </font><font style="font-family: 'Times New Roman';">contracted</font><font style="font-family: 'Times New Roman';"> a </font><font style="font-family: 'Times New Roman';">foreign loan in the amount of US$ 60</font><font style="font-family: 'Times New Roman';">,000</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">with maturity on June 22, 2020 and interest of LIBOR + 2.0% p.a</font><font style="font-family: 'Times New Roman';">.</font><font style="font-family: 'Times New Roman';">, paid quarterly. The Company, through the subsidiary Cia. Ultragaz, contracted </font><font style="font-family: 'Times New Roman';">hedging instruments </font><font style="font-family: 'Times New Roman';">subject to </font><font style="font-family: 'Times New Roman';">floating interest rate</font><font style="font-family: 'Times New Roman';">s</font><font style="font-family: 'Times New Roman';"> in dollar and exchange </font><font style="font-family: 'Times New Roman';">rate </font><font style="font-family: 'Times New Roman';">variation, changing the </font><font style="font-family: 'Times New Roman';">foreign loan</font><font style="font-family: 'Times New Roman';"> charge to 105.9% of DI. </font><font style="font-family: 'Times New Roman';">The foreign loan</font><font style="font-family: 'Times New Roman';"> is guaranteed by the Company and </font><font style="font-family: 'Times New Roman';">its</font><font style="font-family: 'Times New Roman';"> subsidiary Oxiteno</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">S.A</font><font style="font-family: 'Times New Roman';">.</font><font style="font-family: 'Times New Roman';"> The foreign loan were settled by sudsidiary GPPTC on the maturity date.</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
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<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">d</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">.</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">&nbsp;</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">&nbsp;</font></font></p>
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<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold;">BNDES</font></p>
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<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">The subsidiaries have financing from BNDES for some of their investments and for working capital.</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">During the term of these agreements, the Company must maintain the following capitalization and current liquidity levels, as determined in the annual consolidated audited balance sheet:</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
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<p><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
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<li style="font-family: Symbol; font-size: 11pt; margin: 0pt 0pt 0pt 10.06pt; padding-left: 9.29pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">C</font><font style="font-family: 'Times New Roman';">apitalization level: equity / total assets equal to or above 0.3; and</font></font></li>
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<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
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<li style="font-family: Symbol; font-size: 11pt; margin: 0pt 0pt 0pt 10.06pt; padding-left: 9.29pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">C</font><font style="font-family: 'Times New Roman';">urrent liquidity level: current assets / current liabilities equal to or above 1.3.</font></font></li>
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<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The Company compli</font><font style="font-family: 'Times New Roman';">es</font><font style="font-family: 'Times New Roman';"> with the levels of covenants required by these loans. The restrictions imposed on the Company and its subsidiaries are usual for this type of transaction and have not limited their ability to conduct their business to date.</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
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<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">e</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">.</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">&nbsp;</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">&nbsp;</font></font></p>
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<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">Financial </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">I</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">nstitutions</font></font></p>
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<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The subsidiaries Oxiteno Mexico S.A. de C.V., Oxiteno USA LLC</font><font style="font-family: 'Times New Roman';"> (&#8220;Oxiteno USA&#8221;)</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">and Oxiteno</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">Uruguay </font><font style="font-family: 'Times New Roman';">have loans </font><font style="font-family: 'Times New Roman';">for</font><font style="font-family: 'Times New Roman';"> investments and working capital.</font></font></p>
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<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
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<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>72</font></font></td>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
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<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-style: initial; text-decoration-color: initial;"><br></p>
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<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-style: initial; text-decoration-color: initial;">Ultrapar<font style="font-family: 'Times New Roman'; font-size: 10pt; text-align: justify;"><font>&nbsp;</font></font>Participa&#231;&#245;es<font style="font-family: 'Times New Roman'; font-size: 10pt; text-align: justify;"><font>&nbsp;</font>S.A. and Subsidiaries</font><br></p>
<div style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-style: initial; text-decoration-color: initial;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Notes to the <font style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Parent's Separate</font> and Consolidated Interim Financial Information</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></p>
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<div style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-style: initial; text-decoration-color: initial;"><br></div>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The </font><font style="font-family: 'Times New Roman';">subsidiary Oxiteno USA </font><font style="font-family: 'Times New Roman';">has</font><font style="font-family: 'Times New Roman';"> loan</font><font style="font-family: 'Times New Roman';">s</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">with </font><font style="font-family: 'Times New Roman';">bearing interest of LIBOR + </font><font style="font-family: 'Times New Roman';">1.9</font><font style="font-family: 'Times New Roman';">%</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">and maturity as shown below:</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
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<p style="margin: 0pt; text-align: left;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Maturity</font></p>
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<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">US$ (thousands)</font></p>
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<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
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<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">R$ (thousands)</font></p>
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<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Charges<font style="font-size: 9pt;"><sup>(1)</sup></font></font></p>
</td>
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<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">69</font></p>
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<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; width: 12%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">380</font></p>
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<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Aug/2020</font></p>
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<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">10,000</font></p>
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<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">54,917</font></p>
</td>
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<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Feb/2021</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">10,000</font></p>
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<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">54,917</font></p>
</td>
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<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Mar/2022</font></p>
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<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">30,000</font></p>
</td>
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<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
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<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">164,750</font></p>
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<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Oct/2022</font></p>
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<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">40,000</font></p>
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<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">219,666</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Mar/2023</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">30,000</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">164,750</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Total</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; border-bottom: 2.8pt double #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">120,069</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; border-bottom: 2.8pt double #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">659,380</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><font style="font-size: 10pt;"><sub><font style="font-family: 'Times New Roman'; vertical-align: super;">(1)</font></sub><font style="font-family: 'Times New Roman';"> Includes interest and transaction costs.</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<p style="font-size: 11pt; line-height: 115%; margin: 0pt 0pt 10pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The proceeds of this loan </font><font style="font-family: 'Times New Roman';">were</font><font style="font-family: 'Times New Roman';"> used</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">in the working capital and </font><font style="font-family: 'Times New Roman';">to fund the construction of a new alkoxylation plant in the state of Texas.&nbsp;</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">During these contracts, the Company shall maintain the following financial ratios, calculated based on its audited consolidated </font><font style="font-family: 'Times New Roman';">interim f</font><font style="font-family: 'Times New Roman';">inancial </font><font style="font-family: 'Times New Roman';">information</font><font style="font-family: 'Times New Roman';">:</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 10px; width: 100%;" width="100%">

<tr style="height: 10px;">
<td style="vertical-align: top; width: 11.7pt; height: 10px;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#8226;</font></p>
</td>
<td style="vertical-align: top; width: 413.6pt; height: 10px;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Maintenance of a financial ratio, determined by the ratio between consolidated net debt and consolidated Earnings before Interest, Taxes, Depreciation, and Amortization (EBITDA), at less than or equal to 3.5.</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt;" width="100%">

<tr style="height: 3.7pt;">
<td style="vertical-align: top; width: 11.65pt;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#8226;</font></p>
</td>
<td style="vertical-align: top; width: 412.1pt;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Maintenance of a financial ratio determined by the ratio between consolidated EBITDA and consolidated net financial expenses, higher than or equal to 1.5.</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt 0pt 10pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">The Company complies with the levels of covenants required by these loans. The restrictions imposed on the Company and its subsidiaries are usual for this type of transaction and have not limited their ability to conduct their business to date.</font></p>
<p style="/* margin: 0pt 0pt 10pt; */text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The subsidiary Oxiteno USA </font><font style="font-family: 'Times New Roman';">paid off in advance the amount of</font><font style="font-family: 'Times New Roman';"> US$ 20 million of </font><font style="font-family: 'Times New Roman';">this </font><font style="font-family: 'Times New Roman';">financing.</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt;" width="100%">

<tr style="height: 15.45pt;">
<td style="vertical-align: top; width: 18pt;">
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">f</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">.</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">&nbsp;</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">&nbsp;</font></font></p>
</td>
<td style="vertical-align: top; width: 407.35pt;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold;">Banco do Brasil</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The subsidiary IPP has floating interest rate loans with Banco do Brasil to marketing, processing</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';"> or manufacturing of agricultural goods (ethanol). </font><font style="font-family: 'Times New Roman';">The subsidiary IPP paid off in advance the amount of R$ 400 million of such loans in December 2019.</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">These loans mature, as follows</font><font style="font-family: 'Times New Roman';"> (</font><font style="font-family: 'Times New Roman';">includes </font><font style="font-family: 'Times New Roman';">accrued</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">interest </font><font style="font-family: 'Times New Roman';">through</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">June</font><font style="font-family: 'Times New Roman';"> 3</font><font style="font-family: 'Times New Roman';">0</font><font style="font-family: 'Times New Roman';">, 20</font><font style="font-family: 'Times New Roman';">20</font><font style="font-family: 'Times New Roman';">)</font><font style="font-family: 'Times New Roman';">:</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 69px; width: 100%;" width="100%">

<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: left;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Maturity</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">06/30/2020</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 88%; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">May/2021</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 2%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 10%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">203,789</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">May/2022</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">203,000</font></p>
</td>
</tr>
<tr style="height: 18px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Total</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">406,789</font></p>
</td>
</tr>

</table>
<p style="font-size: 11pt; line-height: 115%; /* margin: 0pt 0pt 10pt; */text-align: justify;"><br></p>
</div>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>73</font></font></td>
</tr>

</table>
<hr style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
&nbsp;</div>
<div style="font-family: 'times new roman', times; font-size: 10pt;">
<div style="width: 8.5in; margin: 0 auto;">
<div style="font-family: 'times new roman', times; font-size: 10pt;">
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-style: initial; text-decoration-color: initial;">Ultrapar<font style="font-family: 'Times New Roman'; font-size: 10pt; text-align: justify;"><font>&nbsp;</font></font>Participa&#231;&#245;es<font style="font-family: 'Times New Roman'; font-size: 10pt; text-align: justify;"><font>&nbsp;</font>S.A. and Subsidiaries</font><br></p>
<div style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-style: initial; text-decoration-color: initial;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Notes to the <font style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Parent's Separate</font> and Consolidated Interim Financial Information</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"><br></font></p>
</div>
</div>
<div style="font-family: 'times new roman', times; font-size: 10pt;">
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt;" width="100%">

<tr style="height: 15.45pt;">
<td style="vertical-align: top; width: 18pt;">
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">g</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">.</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">&nbsp;</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">&nbsp;</font></font></p>
</td>
<td style="vertical-align: top; width: 407.35pt;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold;">Debentures</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"><br></font></p>
<p style="font-size: 11pt; line-height: 115%; margin: 0pt 0pt 10pt 14.2pt; text-align: justify; text-indent: -14.2pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">g.</font><font style="font-family: 'Times New Roman'; font-weight: bold;">1</font><font style="font-family: 'Times New Roman'; font-weight: bold;">. </font><font style="font-family: 'Times New Roman';">In May 2016, the subsidiary IPP made its fourth issuance of public debentures</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';"> in </font><font style="font-family: 'Times New Roman';">one</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">single series of 500 simple</font><font style="font-family: 'Times New Roman';">, </font><font style="font-family: 'Times New Roman';">nominative</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';"> registered debentures,</font><font style="font-family: 'Times New Roman';"> nonconvertible into shares and unsecured, </font><font style="font-family: 'Times New Roman';">which main characteristics </font><font style="font-family: 'Times New Roman';">are </font><font style="font-family: 'Times New Roman';">as follows:</font></font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin: 0px auto; font-family: 'times new roman'; font-size: 10pt; width: 70%;" width="70%">

<tr style="height: 3.5pt; background-color: #cceeff;">
<td style="vertical-align: top; width: 50%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Face value unit:</font></p>
</td>
<td style="vertical-align: top; width: 50%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">R$ 1,000,000.00</font></p>
</td>
</tr>
<tr style="height: 3.5pt;">
<td style="vertical-align: top;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Final maturity:</font></p>
</td>
<td style="vertical-align: top;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">May 25, 2021</font></p>
</td>
</tr>
<tr style="height: 3.5pt; background-color: #cceeff;">
<td style="vertical-align: top; background-color: #cceeff;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Payment of the face value:</font></p>
</td>
<td style="vertical-align: top; background-color: #cceeff;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Annual as from May 2019</font></p>
</td>
</tr>
<tr style="height: 3.5pt;">
<td style="vertical-align: top;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Interest:</font></p>
</td>
<td style="vertical-align: top;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">105.0% of DI</font></p>
</td>
</tr>
<tr style="height: 3.5pt; background-color: #cceeff;">
<td style="vertical-align: top; background-color: #cceeff;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Payment of interest:</font></p>
</td>
<td style="vertical-align: top; background-color: #cceeff;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Semiannually</font></p>
</td>
</tr>
<tr style="height: 15.45pt;">
<td style="vertical-align: top;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Reprice:</font></p>
</td>
<td style="vertical-align: top;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Not applicable</font></p>
</td>
</tr>

</table>
<p style="font-size: 11pt; line-height: 115%; margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
<p style="margin: 0pt 0pt 0pt 14.2pt; text-align: justify; text-indent: -14.2pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">g.</font><font style="font-family: 'Times New Roman'; font-weight: bold;">2</font><font style="font-family: 'Times New Roman'; font-weight: bold;">.</font><font style="font-family: 'Times New Roman'; font-weight: bold;"> </font><font style="font-family: 'Times New Roman';">In April 2017, </font><font style="font-family: 'Times New Roman';">the subsidiary </font><font style="font-family: 'Times New Roman';">IPP carried out its fifth issuance of debentures, in two series</font><font style="font-family: 'Times New Roman';">, being one</font><font style="font-family: 'Times New Roman';"> of 6</font><font style="font-family: 'Times New Roman';">6</font><font style="font-family: 'Times New Roman';">0,139 and </font><font style="font-family: 'Times New Roman';">another of </font><font style="font-family: 'Times New Roman';">352,361, simple, nonconvertible into shares, nominative, book-entry and unsecured debentures. </font><font style="font-family: 'Times New Roman';">The debentures have been subscribed by Eco Consult &#8211; Consultoria de Opera&#231;&#245;es</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">Financeiras</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">Agropecu&#225;rias Ltda. </font><font style="font-family: 'Times New Roman';">T</font><font style="font-family: 'Times New Roman';">he proceeds from this issuance</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">were</font><font style="font-family: 'Times New Roman';"> used</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">exclusively </font><font style="font-family: 'Times New Roman';">for the purchase of ethanol</font><font style="font-family: 'Times New Roman';"> by subsidiary IPP</font><font style="font-family: 'Times New Roman';">.</font></font></p>
<p style="margin: 0pt; text-align: justify;"><br></p>
<p style="margin: 0pt 0pt 0pt 14.2pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The debentures were later assigned and transferred to Eco Securitizadora de Direitos</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">Credit&#243;rios do Agroneg&#243;cio S.A. that acquired these agribusiness credit rights with the purpose to bind the issuance of Certificates of Agribusiness Receivables (CRA). </font><font style="font-family: 'Times New Roman';">The </font><font style="font-family: 'Times New Roman';">debentures have an additional guarantee from Ultrapar and the </font><font style="font-family: 'Times New Roman';">main characteristics of the debentures are as follows:</font></font></p>
<p style="margin: 0pt 0pt 0pt 14.2pt; text-align: justify;"><br></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin: 0px auto; font-family: 'times new roman'; font-size: 10pt; width: 70%;" width="70%">

<tr style="height: 3.5pt; background-color: #cceeff;">
<td style="vertical-align: top; width: 148.85pt; background-color: #cceeff;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Amount:</font></p>
</td>
<td style="vertical-align: top; width: 148.85pt; background-color: #cceeff;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">660,139</font></p>
</td>
</tr>
<tr style="height: 3.5pt;">
<td style="vertical-align: top; width: 148.85pt;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Face value unit:</font></p>
</td>
<td style="vertical-align: top; width: 148.85pt;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">R$ 1,000.00</font></p>
</td>
</tr>
<tr style="height: 3.5pt; background-color: #cceeff;">
<td style="vertical-align: top; width: 148.85pt; background-color: #cceeff;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Final maturity:</font></p>
</td>
<td style="vertical-align: top; width: 148.85pt; background-color: #cceeff;">
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">April</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">18, 2022</font></font></p>
</td>
</tr>
<tr style="height: 3.5pt;">
<td style="vertical-align: top; width: 148.85pt;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Payment of the face value:</font></p>
</td>
<td style="vertical-align: top; width: 148.85pt;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Lump sum at final maturity</font></p>
</td>
</tr>
<tr style="height: 3.5pt; background-color: #cceeff;">
<td style="vertical-align: top; width: 148.85pt; background-color: #cceeff;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Interest:</font></p>
</td>
<td style="vertical-align: top; width: 148.85pt; background-color: #cceeff;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">95% of DI</font></p>
</td>
</tr>
<tr style="height: 3.5pt;">
<td style="vertical-align: top; width: 148.85pt;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Payment of interest:</font></p>
</td>
<td style="vertical-align: top; width: 148.85pt;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Semiannually</font></p>
</td>
</tr>
<tr style="height: 15.45pt; background-color: #cceeff;">
<td style="vertical-align: top; width: 148.85pt; background-color: #cceeff;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Reprice:</font></p>
</td>
<td style="vertical-align: top; width: 148.85pt; background-color: #cceeff;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Not applicable</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt 0pt 0pt 14.2pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin: 0px auto; font-family: 'times new roman'; font-size: 10pt; width: 70%;" width="70%">

<tr style="height: 3.5pt; background-color: #cceeff;">
<td style="vertical-align: top; background-color: #cceeff; width: 50%;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Amount:</font></p>
</td>
<td style="vertical-align: top; background-color: #cceeff; width: 50%;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">352,361</font></p>
</td>
</tr>
<tr style="height: 3.5pt;">
<td style="vertical-align: top;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Face value unit:</font></p>
</td>
<td style="vertical-align: top;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">R$ 1,000.00</font></p>
</td>
</tr>
<tr style="height: 3.5pt; background-color: #cceeff;">
<td style="vertical-align: top; background-color: #cceeff;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Final maturity:</font></p>
</td>
<td style="vertical-align: top; background-color: #cceeff;">
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">April</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">15, 2024</font></font></p>
</td>
</tr>
<tr style="height: 3.5pt;">
<td style="vertical-align: top;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Payment of the face value:</font></p>
</td>
<td style="vertical-align: top;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Lump sum at final maturity</font></p>
</td>
</tr>
<tr style="height: 3.5pt; background-color: #cceeff;">
<td style="vertical-align: top; background-color: #cceeff;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Interest:</font></p>
</td>
<td style="vertical-align: top; background-color: #cceeff;">
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">IPCA + 4.</font><font style="font-family: 'Times New Roman';">68</font><font style="font-family: 'Times New Roman';">%</font></font></p>
</td>
</tr>
<tr style="height: 3.5pt;">
<td style="vertical-align: top;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Payment of interest:</font></p>
</td>
<td style="vertical-align: top;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Annually</font></p>
</td>
</tr>
<tr style="height: 15.45pt; background-color: #cceeff;">
<td style="vertical-align: top; background-color: #cceeff;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Reprice:</font></p>
</td>
<td style="vertical-align: top; background-color: #cceeff;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Not applicable</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt 0pt 0pt 14.2pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt 0pt 0pt 14.2pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The subsidiary IPP </font><font style="font-family: 'Times New Roman';">contracted hedging instruments subjected to</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">IPCA variation,</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">changing the </font><font style="font-family: 'Times New Roman';">debentures</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">charge</font><font style="font-family: 'Times New Roman';">s</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">linked to IPCA</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">to 93.9% of DI. IPP </font><font style="font-family: 'Times New Roman';">designated these hedging instruments as fair value hedge</font><font style="font-family: 'Times New Roman';">s</font><font style="font-family: 'Times New Roman';">; therefore, </font><font style="font-family: 'Times New Roman';">debentures</font><font style="font-family: 'Times New Roman';"> and hedging instruments are both measured at fair value from inception, with changes in fair value recognized through profit or loss.</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</div>
</div>
</div>
<div style="font-family: 'times new roman', times; font-size: 10pt;">
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>74</font></font></td>
</tr>

</table>
<hr style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<br>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-style: initial; text-decoration-color: initial;">Ultrapar<font style="font-family: 'Times New Roman'; font-size: 10pt; text-align: justify;"><font>&nbsp;</font></font>Participa&#231;&#245;es<font style="font-family: 'Times New Roman'; font-size: 10pt; text-align: justify;"><font>&nbsp;</font>S.A. and Subsidiaries</font><br></p>
<div style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-style: initial; text-decoration-color: initial;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Notes to the <font style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Parent's Separate</font> and Consolidated Interim Financial Information</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"><br></font></p>
</div>
<p style="font-size: 11pt; line-height: 115%; margin: 0pt 0pt 10pt 14.2pt; text-align: justify; text-indent: -14.2pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">g.</font><font style="font-family: 'Times New Roman'; font-weight: bold;">3</font><font style="font-family: 'Times New Roman'; font-weight: bold;">.</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">In July</font><font style="font-family: 'Times New Roman';"> 2017</font><font style="font-family: 'Times New Roman';">, the subsidiary IPP made its sixth issuance of public debentures, in one single series of 1,500,000 simple, nonconvertible into shares and unsecured debentures, which main characteristics are as follows:</font></font></p>
<table cellspacing="0" cellpadding="0" style="height: 105px; border-collapse: collapse; margin: 0px auto; font-family: 'times new roman'; font-size: 10pt; width: 70%;" width="70%">

<tr style="height: 17px; background-color: #cceeff;">
<td style="vertical-align: top; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Face value unit:</font></p>
</td>
<td style="vertical-align: top; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">R$ 1,000.00</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="vertical-align: top; height: 17px; width: 50%;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Final maturity:</font></p>
</td>
<td style="vertical-align: top; height: 17px; width: 50%;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">July 28, 2022</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="vertical-align: top; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Payment of the face value:</font></p>
</td>
<td style="vertical-align: top; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Annual as from July 2021</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Interest:</font></p>
</td>
<td style="vertical-align: top; height: 17px;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">105.0% of DI</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="vertical-align: top; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Payment of interest:</font></p>
</td>
<td style="vertical-align: top; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Annually</font></p>
</td>
</tr>
<tr style="height: 20px;">
<td style="vertical-align: top; height: 20px;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Reprice:</font></p>
</td>
<td style="vertical-align: top; height: 20px;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Not applicable</font></p>
</td>
</tr>

</table>
<p style="font-size: 11pt; line-height: 115%; margin: 0pt 0pt 10pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt 0pt 0pt 14.2pt; text-align: justify; text-indent: -14.2pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">g.</font><font style="font-family: 'Times New Roman'; font-weight: bold;">4</font><font style="font-family: 'Times New Roman'; font-weight: bold;">.</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">In October 2017, the subsidiary IPP carried out its seventh issuance of debentures in the amount of R$ 944,077, in two series</font><font style="font-family: 'Times New Roman';">, being on</font><font style="font-family: 'Times New Roman';"> of 730,384 and </font><font style="font-family: 'Times New Roman';">another of </font><font style="font-family: 'Times New Roman';">213,693, simple, nonconvertible into shares, nominative, book-entry and unsecured debentures. The debentures have been subscribed by Vert</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';"> Companhia</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">Securitizadora. </font><font style="font-family: 'Times New Roman';">T</font><font style="font-family: 'Times New Roman';">he proceeds from this issuance were</font><font style="font-family: 'Times New Roman';"> used </font><font style="font-family: 'Times New Roman';">exclusively </font><font style="font-family: 'Times New Roman';">for the purchase of ethanol</font><font style="font-family: 'Times New Roman';"> by subsidiary IPP</font><font style="font-family: 'Times New Roman';">.</font></font></p>
<p style="margin: 0pt; text-align: justify;"><br></p>
<p style="margin: 0pt 0pt 0pt 14.2pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The debentures were later assigned and transferred to Vert Cr&#233;ditos</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">Ltda</font><font style="font-family: 'Times New Roman';">.</font><font style="font-family: 'Times New Roman';">, that acquired these agribusiness credit rights with the purpose to bind the issuance of Certificates of Agribusiness Receivables (CRA).</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">The financial settlement occurred on November 1, 2017</font><font style="font-family: 'Times New Roman';">. T</font><font style="font-family: 'Times New Roman';">he debentures have an additional guarantee from Ultrapar and the main characteristics of the debentures are as follows:</font></font></p>
<p style="margin: 0pt; text-align: justify;"><br></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin: 0px auto; font-family: 'times new roman'; font-size: 10pt; width: 70%;" width="70%">

<tr style="height: 3.5pt; background-color: #cceeff;">
<td style="vertical-align: top; background-color: #cceeff; width: 50%;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Amount:</font></p>
</td>
<td style="vertical-align: top; background-color: #cceeff; width: 50%;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">730,384</font></p>
</td>
</tr>
<tr style="height: 3.5pt;">
<td style="vertical-align: top;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Face value unit:</font></p>
</td>
<td style="vertical-align: top;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">R$ 1,000.00</font></p>
</td>
</tr>
<tr style="height: 3.5pt; background-color: #cceeff;">
<td style="vertical-align: top; background-color: #cceeff;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Final maturity:</font></p>
</td>
<td style="vertical-align: top; background-color: #cceeff;">
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">October</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">24, 2022</font></font></p>
</td>
</tr>
<tr style="height: 3.5pt;">
<td style="vertical-align: top;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Payment of the face value:</font></p>
</td>
<td style="vertical-align: top;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Lump sum at final maturity</font></p>
</td>
</tr>
<tr style="height: 3.5pt; background-color: #cceeff;">
<td style="vertical-align: top; background-color: #cceeff;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Interest:</font></p>
</td>
<td style="vertical-align: top; background-color: #cceeff;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">95% of DI</font></p>
</td>
</tr>
<tr style="height: 3.5pt;">
<td style="vertical-align: top;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Payment of interest:</font></p>
</td>
<td style="vertical-align: top;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Semiannually</font></p>
</td>
</tr>
<tr style="height: 15.45pt; background-color: #cceeff;">
<td style="vertical-align: top; background-color: #cceeff;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Reprice:</font></p>
</td>
<td style="vertical-align: top; background-color: #cceeff;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Not applicable</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt 0pt 0pt 14.2pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin: 0px auto; font-family: 'times new roman'; font-size: 10pt; width: 70%;" width="70%">

<tr style="height: 3.5pt; background-color: #cceeff;">
<td style="vertical-align: top; width: 50.2044%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Amount:</font></p>
</td>
<td style="vertical-align: top; width: 49.7138%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">213,693</font></p>
</td>
</tr>
<tr style="height: 3.5pt;">
<td style="vertical-align: top; width: 50.2044%;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Face value unit:</font></p>
</td>
<td style="vertical-align: top; width: 49.7138%;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">R$ 1,000.00</font></p>
</td>
</tr>
<tr style="height: 3.5pt; background-color: #cceeff;">
<td style="vertical-align: top; width: 50.2044%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Final maturity:</font></p>
</td>
<td style="vertical-align: top; width: 49.7138%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">October</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">24, 2024</font></font></p>
</td>
</tr>
<tr style="height: 3.5pt;">
<td style="vertical-align: top; width: 50.2044%;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Payment of the face value:</font></p>
</td>
<td style="vertical-align: top; width: 49.7138%;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Lump sum at final maturity</font></p>
</td>
</tr>
<tr style="height: 3.5pt; background-color: #cceeff;">
<td style="vertical-align: top; width: 50.2044%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Interest:</font></p>
</td>
<td style="vertical-align: top; width: 49.7138%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">IPCA + 4.</font><font style="font-family: 'Times New Roman';">3</font><font style="font-family: 'Times New Roman';">4</font><font style="font-family: 'Times New Roman';">%</font></font></p>
</td>
</tr>
<tr style="height: 3.5pt;">
<td style="vertical-align: top; width: 50.2044%;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Payment of interest:</font></p>
</td>
<td style="vertical-align: top; width: 49.7138%;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Annually</font></p>
</td>
</tr>
<tr style="height: 15.45pt; background-color: #cceeff;">
<td style="vertical-align: top; width: 50.2044%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Reprice:</font></p>
</td>
<td style="vertical-align: top; width: 49.7138%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Not applicable</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt 0pt 0pt 14.2pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt 0pt 0pt 14.2pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The subsidiary IPP contracted hedging instruments subjected to</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">IPCA variation,</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">changing the debentures charges</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">linked to IPCA to 9</font><font style="font-family: 'Times New Roman';">7</font><font style="font-family: 'Times New Roman';">.</font><font style="font-family: 'Times New Roman';">3</font><font style="font-family: 'Times New Roman';">% of DI. IPP </font><font style="font-family: 'Times New Roman';">designated these hedging instruments as fair value hedges; therefore, debentures and hedging instruments are both measured at fair value from inception, with changes in fair value recognized through profit or loss.</font></font></p>
</div>
<p style="font-size: 11pt; line-height: 115%; margin: 0pt 0pt 0pt 14.2pt; text-align: justify; text-indent: -14.2pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';"><br></font></font></p>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>75</font></font></td>
</tr>

</table>
<hr style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
</div>
<div style="font-family: 'times new roman', times; font-size: 10pt;">
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-style: initial; text-decoration-color: initial;"><br></p>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-style: initial; text-decoration-color: initial;">Ultrapar<font style="font-family: 'Times New Roman'; font-size: 10pt; text-align: justify;"><font>&nbsp;</font></font>Participa&#231;&#245;es<font style="font-family: 'Times New Roman'; font-size: 10pt; text-align: justify;"><font>&nbsp;</font>S.A. and Subsidiaries</font><br></p>
<div style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-style: initial; text-decoration-color: initial;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Notes to the <font style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Parent's Separate</font> and Consolidated Interim Financial Information</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></p>
</div>
<p style="margin: 0pt 0pt 0pt 14.2pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="font-size: 11pt; line-height: 115%; margin: 0pt 0pt 0pt 14.2pt; text-align: justify; text-indent: -14.2pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">g.</font><font style="font-family: 'Times New Roman'; font-weight: bold;">5</font><font style="font-family: 'Times New Roman'; font-weight: bold;">.</font><font style="font-family: 'Times New Roman'; font-weight: bold;"> </font><font style="font-family: 'Times New Roman';">In March 2018, the Company made its sixth issuance of public debentures, in </font><font style="font-family: 'Times New Roman';">a</font><font style="font-family: 'Times New Roman';"> single series of 1,725,000 simple, nonconvertible into shares and unsecured debentures, which main characteristics are as follows:</font></font></p>
<p style="margin: 0pt 0pt 0pt 14.2pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin: 0px auto; font-family: 'times new roman'; font-size: 10pt; width: 70%;" width="70%">

<tr style="height: 3.5pt; background-color: #cceeff;">
<td style="vertical-align: top; width: 50%; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Face value unit:</font></p>
</td>
<td style="vertical-align: top; width: 50%; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">R$ 1,000.00</font></p>
</td>
</tr>
<tr style="height: 3.5pt;">
<td style="vertical-align: top;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Final maturity:</font></p>
</td>
<td style="vertical-align: top;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">March</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">5, 2023</font></font></p>
</td>
</tr>
<tr style="height: 3.5pt; background-color: #cceeff;">
<td style="vertical-align: top; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Payment of the face value:</font></p>
</td>
<td style="vertical-align: top; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Lump sum at final maturity</font></p>
</td>
</tr>
<tr style="height: 3.5pt;">
<td style="vertical-align: top;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Interest:</font></p>
</td>
<td style="vertical-align: top;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">105.</font><font style="font-family: 'Times New Roman';">25</font><font style="font-family: 'Times New Roman';">% of DI</font></font></p>
</td>
</tr>
<tr style="height: 3.5pt; background-color: #cceeff;">
<td style="vertical-align: top; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Payment of interest:</font></p>
</td>
<td style="vertical-align: top; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Semiannually</font></p>
</td>
</tr>
<tr style="height: 15.45pt;">
<td style="vertical-align: top;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Reprice:</font></p>
</td>
<td style="vertical-align: top;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Not applicable</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt 0pt 0pt 14.2pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt 0pt 0pt 14.2pt; text-align: justify; text-indent: -14.2pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">g.6.</font><font style="font-family: 'Times New Roman'; font-weight: bold;"> </font><font style="font-family: 'Times New Roman';">In December 2018, the subsidiary IPP carried out its eighth issuance of debentures in the amount of R$ 900,000, in two series</font><font style="font-family: 'Times New Roman';">, being one</font><font style="font-family: 'Times New Roman';"> of 660,000 and </font><font style="font-family: 'Times New Roman';">another of </font><font style="font-family: 'Times New Roman';">240,000, simple, nonconvertible into shares, nominative, book-entry and unsecured debentures. The debentures have been subscribed by Vert Companhia</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">Securitizadora. The proceeds from this issuance </font><font style="font-family: 'Times New Roman';">were</font><font style="font-family: 'Times New Roman';"> used exclusively for the purchase of ethanol</font><font style="font-family: 'Times New Roman';"> by subsidiary IPP</font><font style="font-family: 'Times New Roman';">. </font><font style="font-family: 'Times New Roman';">The debentures were subscribed with the purpose to bind the issuance of CRA. </font><font style="font-family: 'Times New Roman';">T</font><font style="font-family: 'Times New Roman';">he financial settlement occurred on December 21, 2018</font><font style="font-family: 'Times New Roman';">. T</font><font style="font-family: 'Times New Roman';">he debentures have an additional guarantee from Ultrapar and the main characteristics of the debentures are as follows:</font></font></p>
<p style="margin: 0pt; text-align: justify;"><br></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin: 0px auto; font-family: 'times new roman'; font-size: 10pt; width: 70%;" width="70%">

<tr style="height: 3.5pt; background-color: #cceeff;">
<td style="vertical-align: top; background-color: #cceeff; width: 50%;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Amount:</font></p>
</td>
<td style="vertical-align: top; background-color: #cceeff; width: 50%;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">660,000</font></p>
</td>
</tr>
<tr style="height: 3.5pt;">
<td style="vertical-align: top;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Face value unit:</font></p>
</td>
<td style="vertical-align: top;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">R$ 1,000.00</font></p>
</td>
</tr>
<tr style="height: 3.5pt; background-color: #cceeff;">
<td style="vertical-align: top; background-color: #cceeff;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Final maturity:</font></p>
</td>
<td style="vertical-align: top; background-color: #cceeff;">
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">December</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">18, 2023</font></font></p>
</td>
</tr>
<tr style="height: 3.5pt;">
<td style="vertical-align: top;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Payment of the face value:</font></p>
</td>
<td style="vertical-align: top;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Lump sum at final maturity</font></p>
</td>
</tr>
<tr style="height: 3.5pt; background-color: #cceeff;">
<td style="vertical-align: top; background-color: #cceeff;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Interest:</font></p>
</td>
<td style="vertical-align: top; background-color: #cceeff;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">97.5% of DI</font></p>
</td>
</tr>
<tr style="height: 3.5pt;">
<td style="vertical-align: top;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Payment of interest:</font></p>
</td>
<td style="vertical-align: top;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Semiannually</font></p>
</td>
</tr>
<tr style="height: 15.45pt; background-color: #cceeff;">
<td style="vertical-align: top; background-color: #cceeff;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Reprice:</font></p>
</td>
<td style="vertical-align: top; background-color: #cceeff;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Not applicable</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt 0pt 0pt 14.2pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin: 0px auto; font-family: 'times new roman'; font-size: 10pt; width: 70%;" width="70%">

<tr style="height: 3.5pt; background-color: #cceeff;">
<td style="vertical-align: top; background-color: #cceeff; width: 50%;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Amount:</font></p>
</td>
<td style="vertical-align: top; background-color: #cceeff; width: 50%;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">240,000</font></p>
</td>
</tr>
<tr style="height: 3.5pt;">
<td style="vertical-align: top;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Face value unit:</font></p>
</td>
<td style="vertical-align: top;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">R$ 1,000.00</font></p>
</td>
</tr>
<tr style="height: 3.5pt; background-color: #cceeff;">
<td style="vertical-align: top; background-color: #cceeff;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Final maturity:</font></p>
</td>
<td style="vertical-align: top; background-color: #cceeff;">
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">December</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">15, 2025</font></font></p>
</td>
</tr>
<tr style="height: 3.5pt;">
<td style="vertical-align: top;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Payment of the face value:</font></p>
</td>
<td style="vertical-align: top;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Lump sum at final maturity</font></p>
</td>
</tr>
<tr style="height: 3.5pt; background-color: #cceeff;">
<td style="vertical-align: top; background-color: #cceeff;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Interest:</font></p>
</td>
<td style="vertical-align: top; background-color: #cceeff;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">IPCA + 4.61%</font></p>
</td>
</tr>
<tr style="height: 3.5pt;">
<td style="vertical-align: top;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Payment of interest:</font></p>
</td>
<td style="vertical-align: top;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Annually</font></p>
</td>
</tr>
<tr style="height: 15.45pt; background-color: #cceeff;">
<td style="vertical-align: top; background-color: #cceeff;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Reprice:</font></p>
</td>
<td style="vertical-align: top; background-color: #cceeff;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Not applicable</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt 0pt 0pt 14.2pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt 0pt 0pt 14.2pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The subsidiary IPP contracted hedging instruments subjected to</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">IPCA variation,</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">changing the debentures charges</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">linked to IPCA to 97.1% of DI. IPP </font><font style="font-family: 'Times New Roman';">designated these hedging instruments as fair value hedges; therefore, debentures and hedging instruments are both measured at fair value from inception, with changes in fair value recognized through profit or loss.</font></font></p>
<p style="margin: 0pt 0pt 0pt 14.2pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt 0pt 0pt 14.2pt; text-align: justify; text-indent: -14.2pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">g.7. </font><font style="font-family: 'Times New Roman';">In November 2019, the subsidiary Tequimar made its first issuance of debentures, in a single series of 90,000 simple, nonconvertible into shares and unsecured debentures, which main characteristics are as follows:</font></font></p>
<p style="margin: 0pt 0pt 0pt 14.2pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin: 0px auto; font-family: 'times new roman'; font-size: 10pt; width: 70%;" width="70%">

<tr style="height: 3.5pt; background-color: #cceeff;">
<td style="vertical-align: top; width: 50%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Face value unit:</font></p>
</td>
<td style="vertical-align: top; width: 50%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">R$ 1,000.00</font></p>
</td>
</tr>
<tr style="height: 3.5pt;">
<td style="vertical-align: top;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Final maturity:</font></p>
</td>
<td style="vertical-align: top;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">November 19, 2024</font></p>
</td>
</tr>
<tr style="height: 3.5pt; background-color: #cceeff;">
<td style="vertical-align: top; background-color: #cceeff;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Payment of the face value:</font></p>
</td>
<td style="vertical-align: top; background-color: #cceeff;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Lump sum at final maturity</font></p>
</td>
</tr>
<tr style="height: 3.5pt;">
<td style="vertical-align: top;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Interest:</font></p>
</td>
<td style="vertical-align: top;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">6.47%</font></p>
</td>
</tr>
<tr style="height: 3.5pt; background-color: #cceeff;">
<td style="vertical-align: top; background-color: #cceeff;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Payment of interest:</font></p>
</td>
<td style="vertical-align: top; background-color: #cceeff;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Semiannually</font></p>
</td>
</tr>
<tr style="height: 15.45pt;">
<td style="vertical-align: top;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Reprice:</font></p>
</td>
<td style="vertical-align: top;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Not applicable</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt 0pt 0pt 14.2pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</div>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>76</font></font></td>
</tr>

</table>
<hr style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
</div>
<div style="font-family: 'times new roman', times; font-size: 10pt;">
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-style: initial; text-decoration-color: initial;"><br></p>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-style: initial; text-decoration-color: initial;">Ultrapar<font style="font-family: 'Times New Roman'; font-size: 10pt; text-align: justify;"><font>&nbsp;</font></font>Participa&#231;&#245;es<font style="font-family: 'Times New Roman'; font-size: 10pt; text-align: justify;"><font>&nbsp;</font>S.A. and Subsidiaries</font><br></p>
<div style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-style: initial; text-decoration-color: initial;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Notes to the <font style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Parent's Separate</font> and Consolidated Interim Financial Information</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></p>
</div>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"><br></font></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The subsidiary Tequimar contracted hedging instruments subjected interest rate variation, changing the debentures fixed for 99.94% of the DI. Tequimar </font><font style="font-family: 'Times New Roman';">designated these hedging instruments as fair value hedges; therefore, debentures and hedging instruments are both measured at fair value from inception, with changes in fair value recognized </font><font style="font-family: 'Times New Roman';">in</font><font style="font-family: 'Times New Roman';"> profit or loss.&nbsp;</font></font></p>
<p style="margin: 0pt 0pt 0pt 14.2pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The debentures have maturity dates distributed as shown below (</font><font style="font-family: 'Times New Roman';">includes </font><font style="font-family: 'Times New Roman';">accrued</font><font style="font-family: 'Times New Roman';"> interest </font><font style="font-family: 'Times New Roman';">through </font><font style="font-family: 'Times New Roman';">June</font><font style="font-family: 'Times New Roman';"> 3</font><font style="font-family: 'Times New Roman';">0</font><font style="font-family: 'Times New Roman';">, 20</font><font style="font-family: 'Times New Roman';">20</font><font style="font-family: 'Times New Roman';">).</font></font></p>
<p style="margin: 0pt 0pt 0pt 14.2pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; height: 239px;" width="100%">

<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: left;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Maturity</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">06/30/2020</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 88%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Charges<font style="font-size: 9pt;"><sup>(1)</sup></font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 2%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 10%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">201,556</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">May/2021</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">166,700</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Jul/2021</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">750,000</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Apr/2022</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">660,139</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Jul/2022</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">750,000</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Oct/2022</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">730,384</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Mar/2023</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,725,000</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Dec/2023</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">660,000</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Apr/2024</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">352,361</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Oct/2024</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">213,693</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Nov/2024</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">90,000</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Dec/2025</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">240,000</font></p>
</td>
</tr>
<tr style="height: 18px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Total</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom: 2.8pt double #000000; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">6,539,833</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt 0pt 0pt 14.2pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; vertical-align: super;">(1)</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">Includes interest, transaction cost and mark to market.</font></font></p>
</div>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';"><br></font></font></p>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>77</font></font></td>
</tr>

</table>
<hr style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-style: initial; text-decoration-color: initial;"><br></p>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-style: initial; text-decoration-color: initial;">Ultrapar<font style="font-family: 'Times New Roman'; font-size: 10pt; text-align: justify;"><font>&nbsp;</font></font>Participa&#231;&#245;es<font style="font-family: 'Times New Roman'; font-size: 10pt; text-align: justify;"><font>&nbsp;</font>S.A. and Subsidiaries</font><br></p>
<div style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-style: initial; text-decoration-color: initial;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Notes to the <font style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Parent's Separate</font> and Consolidated Interim Financial Information</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"><br></font></p>
</div>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt;" width="100%">

<tr style="height: 15.45pt;">
<td style="vertical-align: top; width: 18pt;">
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">h</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">.</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">&nbsp;</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">&nbsp;</font></font></p>
</td>
<td style="vertical-align: top; width: 407.35pt;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold;">Notes</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt 0pt 0pt 14.2pt; orphans: 0; text-align: justify; text-indent: -14.2pt; widows: 0;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">h.1 </font><font style="font-family: 'Times New Roman';">In April 2020, the Company made its second public issuance of notes in a single series of 40 commercial notes, not convertible into shares, of unsecured type, whose main characteristics are:</font></font></p>
<p style="margin: 0pt 0pt 0pt 14.2pt; orphans: 0; text-align: justify; text-indent: -14.2pt; widows: 0;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="height: 70px; border-collapse: collapse; margin: 0px auto; font-family: 'times new roman'; font-size: 10pt; width: 70%;" width="70%">

<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; background-color: #cceeff; height: 10px; width: 50%;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Face value unit:</font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; background-color: #cceeff; height: 10px; width: 50%;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">R$ 25,000,000.00</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 10px;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Final maturity:</font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 10px;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">April 6, 2021</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Payment of the face value:</font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Lump sum at final maturity</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 10px;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Interest:</font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 10px;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">DI + 3.10%</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Payment of interest:</font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Lump sum at final maturity</font></p>
</td>
</tr>
<tr style="height: 20px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 20px;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Reprice:</font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 20px;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Not applicable</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><br></p>
<p style="margin: 0pt 0pt 0pt 14.2pt; orphans: 0; text-align: justify; text-indent: -14.2pt; widows: 0;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">h.2 </font><font style="font-family: 'Times New Roman';">In April 2020, the subsidiary IPP made its first public issuance of notes in a single series of 15 commercial notes, not convertible into shares, of unsecured type, whose main characteristics are:</font></font></p>
<p style="margin: 0pt; text-align: justify;"><br></p>
<table cellspacing="0" cellpadding="0" style="height: 70px; border-collapse: collapse; margin: 0px auto; font-family: 'times new roman'; font-size: 10pt; width: 70%;" width="70%">

<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; background-color: #cceeff; height: 10px; width: 50%;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Face value unit:</font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; background-color: #cceeff; height: 10px; width: 50%;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">R$ 20,000,000.00</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 10px;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Final maturity:</font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 10px;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">April 3, 2021</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Payment of the face value:</font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Lump sum at final maturity</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 10px;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Interest:</font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 10px;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">DI + 2.00%</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Payment of interest:</font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Lump sum at final maturity</font></p>
</td>
</tr>
<tr style="height: 20px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 20px;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Reprice:</font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 20px;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Not applicable</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt;" width="100%">

<tr style="height: 15.45pt;">
<td style="vertical-align: top; width: 18pt;">
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">i</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">.</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">&nbsp;</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">&nbsp;</font></font></p>
</td>
<td style="vertical-align: top; width: 407.35pt;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold;">Transaction Costs</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Transaction costs incurred in issuing debt were deducted from the value of the related financial instrument</font><font style="font-family: 'Times New Roman';">s</font><font style="font-family: 'Times New Roman';"> and are recognized as </font><font style="font-family: 'Times New Roman';">an </font><font style="font-family: 'Times New Roman';">expense according to the effective interest rate method, as follows:</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 164px; width: 100%;" width="100%">

<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; width: 50%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 9.55883%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Effective rate of transaction costs (% p.a.)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; width: 1.96078%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 7.96569%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Balance on 12/31/2019</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 1.96078%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 7.96569%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Incurred cost</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 1.96078%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 8.57843%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Amortization</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 1.96078%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 7.96569%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Balance on 06/30/2020</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 50%; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Debentures (g)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 9.55883%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">0.2</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 1.96078%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 7.96569%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">41,406</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 1.96078%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 7.96569%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 1.96078%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 8.57843%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(6,596)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 1.96078%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 7.96569%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">34,810</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 50%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Notes in the foreign market (b)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 9.55883%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">0.1</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 1.96078%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 7.96569%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">28,114</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 1.96078%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 7.96569%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 1.96078%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 8.57843%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,705)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 1.96078%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 7.96569%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">26,409</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 50%; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Notes (h)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 9.55883%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">0.5</font></p>
</td>
<td style="vertical-align: middle; height: 17px; width: 1.96078%; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; text-align: right; width: 7.96569%; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 1.96078%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; text-align: right; width: 7.96569%; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">6,802</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; text-align: right; width: 1.96078%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; text-align: right; width: 8.57843%; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,575)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; text-align: right; width: 1.96078%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; text-align: right; width: 7.96569%; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">5,227</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 50%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Banco do Brasil (f)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 9.55883%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">0.2</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 1.96078%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; text-align: right; width: 7.96569%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">770</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 1.96078%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; text-align: right; width: 7.96569%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; text-align: right; width: 1.96078%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; text-align: right; width: 8.57843%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(256)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; text-align: right; width: 1.96078%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; text-align: right; width: 7.96569%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">514</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 50%; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Foreign loans (c) </font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 9.55883%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">0.0</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 1.96078%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; text-align: right; width: 7.96569%; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">94</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 1.96078%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; text-align: right; width: 7.96569%; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; text-align: right; width: 1.96078%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; text-align: right; width: 8.57843%; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(94)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; text-align: right; width: 1.96078%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; text-align: right; width: 7.96569%; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 50%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Other</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 9.55883%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">0.2</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 1.96078%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; text-align: right; width: 7.96569%; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,382</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 1.96078%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; text-align: right; width: 7.96569%; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; text-align: right; width: 1.96078%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; text-align: right; width: 8.57843%; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(316)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; text-align: right; width: 1.96078%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; text-align: right; width: 7.96569%; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,066</font></p>
</td>
</tr>
<tr style="height: 18px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; width: 50%; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Total</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; width: 9.55883%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; width: 1.96078%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; border-bottom: 2.8pt double #000000; width: 7.96569%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">71,766</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; width: 1.96078%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; border-bottom: 2.8pt double #000000; width: 7.96569%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">6,802</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; width: 1.96078%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; border-bottom: 2.8pt double #000000; width: 8.57843%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(10,542)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; width: 1.96078%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; border-bottom: 2.8pt double #000000; width: 7.96569%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">68,026</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</div>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>78</font></font></td>
</tr>

</table>
<hr style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"><br></font></p>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-style: initial; text-decoration-color: initial;">Ultrapar<font style="font-family: 'Times New Roman'; font-size: 10pt; text-align: justify;"><font>&nbsp;</font></font>Participa&#231;&#245;es<font style="font-family: 'Times New Roman'; font-size: 10pt; text-align: justify;"><font>&nbsp;</font>S.A. and Subsidiaries</font><br></p>
<div style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-style: initial; text-decoration-color: initial;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Notes to the Parent's Separate and Consolidated Interim Financial Information</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></p>
</div>
<p style="font-size: 11pt; line-height: 115%; margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: justify; widows: 0;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"><br></font></p>
<p style="font-size: 11pt; line-height: 115%; margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: justify; widows: 0;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">The amount to be appropriated to profit or loss in the future is as follows:</font></p>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: justify; widows: 0;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 113px; width: 100%;" width="100%">

<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Up to 1 year</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">1 to 2 years</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">2 to 3 years</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">3 to 4 years</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">4 to 5 years</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">More than 5 years</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Total</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 32%; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Debentures (g)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 8%; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">12,778</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 2%; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 8%; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">11,424</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 2%; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 8%; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">6,710</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 2%; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 8%; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,338</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 2%; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 8%; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">457</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 2%; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 8%; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">103</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 2%; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 8%; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">34,810</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Notes in the foreign market (b)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,420</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,422</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,424</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,436</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,428</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">9,279</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">26,409</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Notes (h)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">5,227</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">5,227</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Banco do Brasil (f)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">348</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">166</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">514</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Other</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">343</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">496</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">227</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,066</font></p>
</td>
</tr>
<tr style="height: 18px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Total</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; border-bottom: 2.8pt double #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">22,116</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; border-bottom: 2.8pt double #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">15,508</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; border-bottom: 2.8pt double #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">10,361</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; border-bottom: 2.8pt double #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">6,774</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; border-bottom: 2.8pt double #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,885</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; border-bottom: 2.8pt double #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">9,382</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; border-bottom: 2.8pt double #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">68,026</font></p>
</td>
</tr>

</table>
<p style="font-size: 11pt; line-height: 115%; margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: justify; widows: 0;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt;" width="100%">

<tr style="height: 15.45pt;">
<td style="vertical-align: top; width: 18pt;">
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">j</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">.</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">&nbsp;</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">&nbsp;</font></font></p>
</td>
<td style="vertical-align: top; width: 407.35pt;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold;">Guarantees</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The financings are guaranteed by collateral in the amount </font><font style="font-family: 'Times New Roman';">of R$ </font><font style="font-family: 'Times New Roman';">74,643</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">as of </font><font style="font-family: 'Times New Roman';">June</font><font style="font-family: 'Times New Roman';"> 3</font><font style="font-family: 'Times New Roman';">0</font><font style="font-family: 'Times New Roman';">, 20</font><font style="font-family: 'Times New Roman';">20</font><font style="font-family: 'Times New Roman';"> (R$ </font><font style="font-family: 'Times New Roman';">73,536</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">as of December 31, 201</font><font style="font-family: 'Times New Roman';">9</font><font style="font-family: 'Times New Roman';">) </font><font style="font-family: 'Times New Roman';">and by guarantees and promissory notes in the amount </font><font style="font-family: 'Times New Roman';">of R$</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">13,645,916</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">as of </font><font style="font-family: 'Times New Roman';">June</font><font style="font-family: 'Times New Roman';"> 3</font><font style="font-family: 'Times New Roman';">0</font><font style="font-family: 'Times New Roman';">, </font><font style="font-family: 'Times New Roman';">20</font><font style="font-family: 'Times New Roman';">20</font><font style="font-family: 'Times New Roman';"> (</font><font style="font-family: 'Times New Roman';">R$ </font><font style="font-family: 'Times New Roman';">1</font><font style="font-family: 'Times New Roman';">1,833,294</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">as of December 31, 201</font><font style="font-family: 'Times New Roman';">9</font><font style="font-family: 'Times New Roman';">).</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">T</font><font style="font-family: 'Times New Roman';">he Company and its subsidiaries offer collateral in the form of letters of credit for commercial and legal proceedings in the amount </font><font style="font-family: 'Times New Roman';">of R$ </font><font style="font-family: 'Times New Roman';">208,</font><font style="font-family: 'Times New Roman';">6</font><font style="font-family: 'Times New Roman';">7</font><font style="font-family: 'Times New Roman';">1</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">as of </font><font style="font-family: 'Times New Roman';">June</font><font style="font-family: 'Times New Roman';"> 3</font><font style="font-family: 'Times New Roman';">0</font><font style="font-family: 'Times New Roman';">, </font><font style="font-family: 'Times New Roman';">20</font><font style="font-family: 'Times New Roman';">20</font><font style="font-family: 'Times New Roman';"> (</font><font style="font-family: 'Times New Roman';">R$ </font><font style="font-family: 'Times New Roman';">2</font><font style="font-family: 'Times New Roman';">93,509</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">as of December 31, 201</font><font style="font-family: 'Times New Roman';">9</font><font style="font-family: 'Times New Roman';">)</font><font style="font-family: 'Times New Roman';">. </font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Some subsidiaries</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">of </font><font style="font-family: 'Times New Roman';">Company</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">issue collateral to financial institutions in connection with the amounts owed by some of their customers to such institutions (vendor financing) as follows:</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 90px; width: 100%;" width="100%">

<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td colspan="3" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">IPP</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td colspan="3" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Oxiteno</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">06/30/2020</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">12/31/2019</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">06/30/2020</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">12/31/2019</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff; width: 54%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Maximum amount of future payments related to these collaterals</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff; width: 10%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">153,452</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff; width: 2%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff; width: 10%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">81,344</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff; width: 2%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff; width: 10%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff; width: 2%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff; width: 10%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,753</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Maturities of up to</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">46 months</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">60 months</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4 months</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Fair value of collaterals</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,361</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,237</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">68</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">If a subsidiary is required to make any payment under these collaterals, this subsidiary may recover the amount paid directly from its customers through commercial collection. </font><font style="font-family: 'Times New Roman';">Until </font><font style="font-family: 'Times New Roman';">June</font><font style="font-family: 'Times New Roman';"> 3</font><font style="font-family: 'Times New Roman';">0</font><font style="font-family: 'Times New Roman';">, 20</font><font style="font-family: 'Times New Roman';">20</font><font style="font-family: 'Times New Roman';">, the subsidiaries did not have losses in connection with these collaterals. The fair value of collaterals </font><font style="font-family: 'Times New Roman';">is </font><font style="font-family: 'Times New Roman';">recognized in current liabilities as </font><font style="font-family: 'Times New Roman';">&#8220;</font><font style="font-family: 'Times New Roman';">other payables</font><font style="font-family: 'Times New Roman';">&#8221;</font><font style="font-family: 'Times New Roman';">, which is recognized </font><font style="font-family: 'Times New Roman';">in the statement of</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">profit or loss as customers settle their obligations with the financial institutions.</font></font></p>
</div>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';"><br></font></font></p>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>79</font></font></td>
</tr>

</table>
<hr style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
</div><div style="font-family: 'times new roman', times; font-size: 10pt;">
<div style="width: 8.5in; margin: 0 auto;">
<h1 style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="font-weight: bold;">17.</font><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: normal;"> </font><font style="font-weight: bold;">&nbsp;</font><font style="font-weight: bold;">Trade Payables</font></font></h1>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; width: 99.8773%; height: 154px;" width="100%">

<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; text-align: center; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;" colspan="3"><font style="color: #000000; font-family: 'times new roman'; font-size: 10.6667px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: center; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Parent</font></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; text-align: center; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;" colspan="3"><font style="color: #000000; font-family: 'times new roman'; font-size: 10.6667px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: center; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Consolidated</font></td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; text-align: right;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 10.6667px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">06/30/2020</font></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; text-align: right;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 10.6667px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">12/31/2019</font></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">06/30/2020</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">12/31/2019</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px; width: 53%;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Domestic suppliers</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px; width: 1%;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px; text-align: right; width: 10%;">5,928</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px; text-align: right; width: 2%;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px; text-align: right; width: 10%;">2,173</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px; width: 2%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px; width: 10%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,297,150</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px; width: 2%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px; width: 10%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,823,952</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Domestic suppliers &#8211; related parties (see Note 8.a.2)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; text-align: right;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">-</font></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; text-align: right;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; text-align: right;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">-</font><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">4,014</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">73,304</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Domestic suppliers &#8211; reverse factoring (i)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px; text-align: right;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">-</font><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px; text-align: right;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px; text-align: right;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">-</font></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">472,403</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">262,870</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Domestic suppliers &#8211; reverse factoring (i) - Related parties (see Note 8.a.2)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; text-align: right;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">-</font><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; text-align: right;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; text-align: right;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">-</font></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">58,003</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">193,080</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Foreign suppliers</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px; text-align: right;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">-</font><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px; text-align: right;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px; text-align: right;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">-</font></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">457,452</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">261,222</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Foreign suppliers &#8211; reverse factoring (i)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; text-align: right;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">-</font><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; text-align: right;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; text-align: right;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">-</font></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom: 1pt solid #000000; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">249,272</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom: 1pt solid #000000; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">85,643</font></p>
</td>
</tr>
<tr style="height: 18px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 18px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 18px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 18px; text-align: right; border-top: 1pt solid #000000; border-bottom: 2.8pt double #000000;">5,928</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 18px; text-align: right;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 18px; text-align: right; border-top: 1pt solid #000000; border-bottom: 2.8pt double #000000;">2,173</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom: 2.8pt double #000000; background-color: #cceeff; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2,538,294</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom: 2.8pt double #000000; background-color: #cceeff; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2,700,071</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;">(i) Suppliers &#8211; reverse factoring: some subsidiaries of the Company entered into an agreements with a financial institutions, which consists of the anticipation of receipt of the trade payables by the supplier, in which the financial institutions prepay a certain amount from the supplier, and receives on the maturity date the amount payable by the subsidiaries of the Company. The decision to join this transaction is solely and exclusively of the supplier. The agreement does not substantially change the main characteristics of the commercial conditions previously established between the subsidiaries of the Company and the suppliers. These transactions are presented in operating activities in the statements of cash flow.</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;">Some Company&#8217;s subsidiaries acquire oil-based fuels and LPG from Petrobras and its subsidiaries and ethylene from Braskem S.A. These suppliers control almost all the markets for these products in Brazil. </font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="font-size: 11pt; line-height: 115%; margin: 0pt 0pt 10pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="font-weight: bold;">18.</font><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: normal;"> </font><font style="font-weight: bold;">&nbsp;</font><font style="font-weight: bold;">Salaries and Related Charges</font></font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; width: 100%; height: 118px;" width="100%">

<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; text-align: center; border-bottom: 1pt solid #000000;" colspan="3"><font style="color: #000000; font-family: 'times new roman'; font-size: 10.6667px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: center; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Parent</font></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; text-align: center; border-bottom: 1pt solid #000000;" colspan="3"><font style="color: #000000; font-family: 'times new roman'; font-size: 10.6667px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: center; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Consolidated</font></td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; text-align: right;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 10.6667px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">06/30/2020</font></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; text-align: right;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 10.6667px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">12/31/2019</font></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">06/30/2020</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">12/31/2019</font></p>
</td>
</tr>
<tr style="height: 15px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 15px; width: 53%;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Provisions on salaries</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 15px; width: 1%;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 15px; text-align: right; width: 10%;">9,079</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 15px; text-align: right; width: 2%;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 15px; text-align: right; width: 10%;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">-</font></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 15px; width: 2%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 15px; width: 10%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">216,165</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 15px; width: 2%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 15px; width: 10%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">184,716</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Profit sharing, bonus and premium</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; text-align: right;">9,074</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; text-align: right;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; text-align: right;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">-</font><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">88,232</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">133,533</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Social charges</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px; text-align: right;">10,899</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px; text-align: right;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px; text-align: right;">958</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">113,937</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">70,228</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Other</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; text-align: right;">102</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; text-align: right;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; text-align: right;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">-</font><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom: 1pt solid #000000; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">20,735</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom: 1pt solid #000000; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">17,159</font></p>
</td>
</tr>
<tr style="height: 18px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 18px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 18px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 18px; text-align: right; border-top: 1pt solid #000000; border-bottom: 2.8pt double #000000;">29,154</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 18px; text-align: right;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 18px; text-align: right; border-bottom: 2.8pt double #000000; border-top: 1pt solid #000000;">958</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom: 2.8pt double #000000; background-color: #cceeff; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">439,069</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom: 2.8pt double #000000; background-color: #cceeff; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">405,636</font></p>
</td>
</tr>

</table>
</div>
<div style="width: 8.5in; margin: 0 auto;"><font style="font-size: 10pt; text-align: justify; text-indent: 0pt;"><br></font></div>
<div style="width: 8.5in; margin: 0 auto;"><font style="font-weight: bold;">19. Taxes Payable (Consolidated)</font><br>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"><br></font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 137px; width: 100%;" width="100%">

<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 291.95pt; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 56.7pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">06/30/2020</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 56.7pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">12/31/2019</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 291.95pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">ICMS</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 56.7pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">136,717</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 56.7pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">149,547</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 291.95pt; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">PIS and COFINS</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 56.7pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">28,018</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 56.7pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">40,676</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 291.95pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">ISS</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 56.7pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">20,818</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 56.7pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">26,986</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 291.95pt; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Value-Added Tax (IVA) of foreign subsidiaries </font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 56.7pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">22,609</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 56.7pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">25,619</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 291.95pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Other</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 56.7pt; height: 17px; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">22,719</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 56.7pt; height: 17px; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">27,094</font></p>
</td>
</tr>
<tr style="height: 18px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 291.95pt; height: 18px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 56.7pt; border-bottom: 2.8pt double #000000; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">230,881</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 56.7pt; border-bottom: 2.8pt double #000000; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">269,922</font></p>
</td>
</tr>

</table>
<p style="/* margin: 0pt 0pt 10pt; */text-align: justify;"><br></p>
</div>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>80</font></font></td>
</tr>

</table>
<hr style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<p style="margin: 0cm 0cm 0.0001pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font lang="PT-BR" style="color: #000000; font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 0cm 0cm 0.0001pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font lang="PT-BR" style="color: #000000; font-family: 'times new roman', times; font-size: 10pt;">Ultrapar Participa&#231;&#245;es S.A. and Subsidiaries</font></p>
<p style="margin: 0cm 0cm 0.0001pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font lang="PT-BR" style="color: #000000; font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0cm 0cm 0.0001pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font lang="EN-US" style="color: #000000; font-family: 'times new roman', times; font-size: 10pt;">Notes to the <font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Parent's Separate</font> and Consolidated Interim Financial Information</font></p>
<p style="margin: 0cm 0cm 0.0001pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font lang="EN-US" style="color: #000000; font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0cm 0cm 0.0001pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font lang="EN-US" style="font-size: 10pt; color: #000000; font-family: 'times new roman', times;">(In thousands of Brazilian Reais, unless otherwise stated)</font></p>
<p style="margin: 0cm 0cm 0.0001pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font lang="EN-US" style="font-size: 10pt; color: #000000; font-family: 'times new roman', times;"><br></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-weight: bold;">20. Employee Benefits and Private Pension Plan (Consolidated)</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-weight: bold;"><br></font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt;" width="100%">

<tr style="height: 15.45pt;">
<td style="vertical-align: top; width: 18pt;">
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="font-style: italic; font-weight: bold;">a.</font><font style="font-style: italic; font-weight: bold;">&nbsp;</font></font></p>
</td>
<td style="vertical-align: top; width: 407.35pt;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold;">ULTRAPREV- Associa&#231;&#259;o de Previd&#234;ncia Complementar</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;">In February 2001, the Company&#8217;s Board of Directors approved the adoption of a defined contribution pension plan to be sponsored by the Company and each of its subsidiaries. Participating employees have been contributing to this plan, managed by Ultraprev - Associa&#231;&#227;o de Previd&#234;ncia Complementar (&#8220;Ultraprev&#8221;), since August 2001. Under the terms of the plan, every year each participating employee chooses his or her basic contribution to the plan. Each sponsoring company provides a matching contribution in an amount equivalent to each basic contribution, up to a limit of 11% of the employee&#8217;s reference salary, according to the rules of the plan. As participating employees retire, they may choose to receive either (i) a monthly sum ranging between 0.3% and 1.0% of their respective accumulated fund in Ultraprev or (ii) a fixed monthly amount, which will exhaust their respective accumulated fund over a period of 5 to 35 years. The sponsoring company does not take responsibility for guaranteeing amounts or the duration of the benefits received by the retired employee. For the six-month period ended June 30, 2020, the subsidiaries contributed R$ 9,485 (R$ 10,842 for the six-month period ended June 30, 2019) to Ultraprev, which is recognized as expense in the income statement. The total number of participating employees as of June 30, 2020 was 7,656 active participants and 346 retired participants. In addition, Ultraprev had 25 former employees receiving benefits under the rules of a previous plan whose reserves are fully constituted.</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;">In May 2020, the Deliberative Council of Ultraprev approved the use of the reversion fund in the amount of R$ 47,088 as of June 30, 2020, which R$ 1,567 was used in the quarter to deduct the sponsors&#8217; normal contributions. The balance of R$ 45,521 on June 30, 2020 will be an average period between 10 and 70 months depending on the sponsor.&nbsp;</font></p>
</div>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;">&nbsp;</font></p>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>81</font></font></td>
</tr>

</table>
<hr style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><br></font></p>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 0cm 0cm 0.0001pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font lang="PT-BR" style="color: #000000; font-family: 'times new roman', times; font-size: 10pt;">Ultrapar&nbsp;Participa&#231;&#245;es&nbsp;S.A. and Subsidiaries</font></p>
<p style="margin: 0cm 0cm 0.0001pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font lang="PT-BR" style="color: #000000; font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0cm 0cm 0.0001pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font lang="EN-US" style="color: #000000; font-family: 'times new roman', times; font-size: 10pt;">Notes to the <font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Parent's Separate</font> and Consolidated Interim Financial Information</font></p>
<p style="margin: 0cm 0cm 0.0001pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font lang="EN-US" style="color: #000000; font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0cm 0cm 0.0001pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font lang="EN-US" style="font-size: 10pt; color: #000000; font-family: 'times new roman', times;">(In thousands of Brazilian&nbsp;Reais, unless otherwise stated)</font></p>
<p style="margin: 0cm 0cm 0.0001pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font lang="EN-US" style="font-size: 10pt; color: #000000; font-family: 'times new roman', times;"><br></font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt;" width="100%">

<tr style="height: 15.45pt;">
<td style="vertical-align: top; width: 18pt;">
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="font-style: italic; font-weight: bold;">b.</font><font style="font-style: italic; font-weight: bold;">&nbsp;</font></font></p>
</td>
<td style="vertical-align: top; width: 407.35pt;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold;">Post-employment Benefits</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">The subsidiaries recognized a provision for post-employment benefits mainly related to seniority bonus, payment of Government Severance Indemnity Fund (&#8220;FGTS&#8221;), and health, dental care, and life insurance plan for eligible retirees.</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;">The amounts related to such benefits were determined based on a valuation conducted by an independent actuary and reviewed by management as of June 30, 2020.</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 175px; width: 97.7776%;" width="100%">

<tr style="height: 16px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; text-align: center; border-bottom: 1pt solid #000000;" colspan="3"><font style="font-size: 8pt; font-weight: bold;">Parent</font></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 16px; text-align: center; border-bottom: 1pt solid #000000;" colspan="3"><font style="color: #000000; font-family: 'times new roman'; font-size: 10.6667px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: center; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Consolidated</font><br></td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; text-align: right;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 10.6667px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">06/30/2020</font></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; text-align: right;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 10.6667px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">12/31/2019</font></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">06/30/2020</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">12/31/2019</font></p>
</td>
</tr>
<tr style="height: 19px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 19px; background-color: #cceeff; width: 54%;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-size: 10pt; font-family: 'times new roman', times;">Health and dental care plan <font style="vertical-align: super; font-size: 8pt;">(1)</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 19px; text-align: right; width: 10%;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">-</font></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 19px; width: 2%;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 19px; text-align: right; width: 10%;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">-</font></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 19px; width: 2%;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px; background-color: #cceeff; width: 10%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">155,604</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px; background-color: #cceeff; width: 2%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px; background-color: #cceeff; width: 10%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">154,142</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Indemnification of FGTS</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; text-align: right;"><font style="color: #000000; font-family: 'times new roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">2,979</font></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; text-align: right;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">-</font><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">67,414</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">66,309</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Seniority bonus</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; text-align: right;">3,536</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; text-align: right;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">-</font></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">35,284</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">34,485</font></p>
</td>
</tr>
<tr style="height: 19px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 19px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-size: 10pt; font-family: 'times new roman', times;">Life insurance <font style="vertical-align: super; font-size: 8pt;">(1)</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1pt solid #000000; height: 19px; text-align: right;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">-</font></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1pt solid #000000; height: 19px; text-align: right;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">-</font><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px; border-bottom: 1pt solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">18,490</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px; border-bottom: 1pt solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">17,931</font></p>
</td>
</tr>
<tr style="height: 18px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Total</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom: 2.8pt double #000000; background-color: #cceeff; height: 18px; text-align: right;">6,515</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 18px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom: 2.8pt double #000000; background-color: #cceeff; height: 18px; text-align: right;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">-</font><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 18px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom: 2.8pt double #000000; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">276,792</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom: 2.8pt double #000000; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">272,867</font></p>
</td>
</tr>
<tr style="height: 18px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; text-align: right;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; text-align: right;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px;"><br></td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Current</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px; text-align: right;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">-</font></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px; text-align: right;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">-</font></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">29,728</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">28,951</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Non-current</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; text-align: right;">6,515</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; text-align: right;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">-</font><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">247,064</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">243,916</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="vertical-align: super;"><sub>(1)</sub> </font>Only IPP and Iconic Lubrificantes S.A. (&#8220;Iconic&#8221;).<br></font><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<h1 style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="font-weight: bold;">21.</font><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: normal;"> </font><font style="font-weight: bold;"> </font><font style="font-weight: bold;">Provision for Asset Retirement Obligation &#8211; Fuel Tanks (Consolidated)</font></font></h1>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;">The provision corresponds to the legal obligation to remove the subsidiary IPP&#8217;s underground fuel tanks located at Ipiranga-branded service stations after a certain use period (see Note 2.n).</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Changes in the provision for asset retirement obligation are as follows:</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 137px; width: 100%;" width="100%">

<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 365.65pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Balance as of December 31, 2019</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 56.7pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">51,242</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 365.65pt; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Additions (new tanks)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 56.7pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">59</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 365.65pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Expense with tanks removed</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 56.7pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(1,519)</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 365.65pt; height: 17px;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Accretion expense</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 56.7pt; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">509</font></p>
</td>
</tr>
<tr style="height: 18px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 365.65pt; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Balance as of June 30, 2020</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 56.7pt; border-bottom: 2.8pt double #000000; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">50,291</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 365.65pt; height: 17px;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 56.7pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 365.65pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Current</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 56.7pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">4,283</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 365.65pt; height: 17px;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Non-current</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 56.7pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">46,008</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</div>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>82</font></font></td>
</tr>

</table>
<hr style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 0cm 0cm 0.0001pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font lang="PT-BR" style="color: #000000; font-family: 'times new roman', times; font-size: 10pt;">Ultrapar&nbsp;Participa&#231;&#245;es&nbsp;S.A. and Subsidiaries</font></p>
<p style="margin: 0cm 0cm 0.0001pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font lang="PT-BR" style="color: #000000; font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0cm 0cm 0.0001pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font lang="EN-US" style="color: #000000; font-family: 'times new roman', times; font-size: 10pt;">Notes to the <font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Parent's Separate</font> and Consolidated Interim Financial Information</font></p>
<p style="margin: 0cm 0cm 0.0001pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font lang="EN-US" style="color: #000000; font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0cm 0cm 0.0001pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font lang="EN-US" style="font-size: 10pt; color: #000000; font-family: 'times new roman', times;">(In thousands of Brazilian&nbsp;Reais, unless otherwise stated)</font><font style="font-family: 'times new roman', times; font-size: 10pt;"><br><br></font><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="font-weight: bold;">22.</font><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: normal;"> </font><font style="font-weight: bold;"> </font><font style="font-weight: bold;">Provisions</font><font style="font-weight: bold;"> and</font><font style="font-weight: bold;"> Contingencies (Consolidated)</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt;" width="100%">

<tr style="height: 15.45pt;">
<td style="vertical-align: top; width: 18pt;">
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="font-style: italic; font-weight: bold;">a.</font><font style="font-style: italic; font-weight: bold;">&nbsp;</font></font></p>
</td>
<td style="vertical-align: top; width: 407.25pt;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold;">Provisions for tax, civil, and labor risks</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;">The Company and its subsidiaries are parties in tax, civil, environmental, regulatory, and labor disputes at the administrative and judiciary levels, which, when applicable, are backed by escrow deposits. Provisions for losses are estimated and updated by management based on the opinion of the Company&#8217;s legal department and its external legal advisors.</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">The table below demonstrates the breakdown of provisions by nature and its movement:</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt;" width="100%">

<tr style="height: 25.5pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 106.35pt;">
<p style="margin: 0pt; text-align: left;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Provisions</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 62.65pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Balance on 12/31/2019</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 47.7pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Additions</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 52.8pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Reversals</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 47.7pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Payments</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 39.35pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Interest</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 62.65pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Balance on 06/30/2020</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 106.35pt; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">IRPJ and CSLL (a.1.1)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 62.65pt; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">541,281</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 47.7pt; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 52.8pt; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(537)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 47.7pt; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 39.35pt; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">4,578</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 62.65pt; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">545,322</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 106.35pt;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">PIS and COFINS</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 62.65pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">10,155</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 47.7pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 52.8pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(10,264)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 47.7pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 39.35pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">109</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 62.65pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 106.35pt; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">ICMS </font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 62.65pt; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">96,472</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 47.7pt; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">4,067</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 52.8pt; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(812)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 47.7pt; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(4,085)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 39.35pt; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">70</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 62.65pt; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">95,712</font></p>
</td>
</tr>
<tr style="height: 25.5pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 106.35pt;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Civil, environmental and regulatory claims (a.2.1)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 62.65pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">85,855</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 47.7pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">4,388</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 52.8pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(13,322)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 47.7pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(19,824)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 39.35pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">132</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 62.65pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">57,229</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 106.35pt; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Labor litigation (a.3.1)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 62.65pt; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">98,010</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 47.7pt; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">4,269</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 52.8pt; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(1,273)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 47.7pt; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(5,442)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 39.35pt; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2,074</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 62.65pt; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">97,638</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 106.35pt;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Others</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 62.65pt; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">92,822</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 47.7pt; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 52.8pt; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(130)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 47.7pt; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 39.35pt; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">231</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 62.65pt; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">92,923</font></p>
</td>
</tr>
<tr style="height: 13.5pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 106.35pt; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Total</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 62.65pt; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">924,595</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 47.7pt; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">12,724</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 52.8pt; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(26,338)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 47.7pt; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(29,351)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 39.35pt; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">7,194</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 62.65pt; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">888,824</font></p>
</td>
</tr>
<tr style="height: 13.5pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 106.35pt;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 62.65pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 47.7pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 52.8pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 47.7pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 39.35pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 62.65pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 106.35pt; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Current</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 62.65pt; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">40,455</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 47.7pt; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 52.8pt; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 47.7pt; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 39.35pt; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 62.65pt; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">42,096</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 106.35pt;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Non-current</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 62.65pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">884,140</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 47.7pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 52.8pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 47.7pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 39.35pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 62.65pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">846,728</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;">Some of the provisions above involve, in whole or in part, escrow deposits.</font></p>
<p style="font-size: 11pt; line-height: 115%; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="font-size: 11pt; line-height: 115%; margin: 0pt 0pt 10pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Balances of escrow deposits are as follows:</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 86px; width: 100%;" width="100%">

<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 306.15pt; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 56.7pt; text-align: right; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">06/30/2020</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt; text-align: right; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 56.7pt; text-align: right; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">12/31/2019</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 306.15pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Tax matters</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 56.7pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">766,101</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 56.7pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">753,810</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 306.15pt; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Labor litigation&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 56.7pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">73,406</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 56.7pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">71,605</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 306.15pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Civil and other</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 56.7pt; height: 17px; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">110,238</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 56.7pt; height: 17px; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">96,028</font></p>
</td>
</tr>
<tr style="height: 18px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 306.15pt; height: 18px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Total &#8211; non-current assets</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 56.7pt; height: 18px; border-bottom: 2.8pt double #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">949,745</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 56.7pt; height: 18px; border-bottom: 2.8pt double #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">921,443</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</div>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>83</font></font></td>
</tr>

</table>
<hr style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<p style="margin: 0cm 0cm 0.0001pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font lang="PT-BR" style="color: #000000; font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 0cm 0cm 0.0001pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font lang="PT-BR" style="color: #000000; font-family: 'times new roman', times; font-size: 10pt;">Ultrapar&nbsp;Participa&#231;&#245;es&nbsp;S.A. and Subsidiaries</font></p>
<p style="margin: 0cm 0cm 0.0001pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font lang="PT-BR" style="color: #000000; font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0cm 0cm 0.0001pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font lang="EN-US" style="color: #000000; font-family: 'times new roman', times; font-size: 10pt;">Notes to the <font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Parent's Separate</font> and Consolidated Interim Financial Information</font></p>
<p style="margin: 0cm 0cm 0.0001pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font lang="EN-US" style="color: #000000; font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0cm 0cm 0.0001pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font lang="EN-US" style="font-size: 10pt; color: #000000; font-family: 'times new roman', times;">(In thousands of Brazilian&nbsp;Reais, unless otherwise stated)<br><br></font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt;" width="100%">

<tr style="height: 15.45pt;">
<td style="vertical-align: top; width: 18pt;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold;">a.1</font></p>
</td>
<td style="vertical-align: top; width: 291.6pt;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold;">Provisions for Tax Matters and Social Security</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt 0pt 10pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="font-weight: bold;">a.1.1</font> On October 7, 2005, the subsidiaries Cia. Ultragaz and Bahiana filed for and obtained a preliminary injunction to recognize and offset PIS and COFINS credits on LPG purchases, against other taxes levied by the RFB, notably IRPJ and CSLL. The decision was confirmed by a trial court on May 16, 2008. Under the preliminary injunction, the subsidiaries made escrow deposits for these debits which amounted to R$ 520,502 as of June 30, 2020 (R$ 515,825 as of December 31, 2019). On July 18, 2014, a second instance unfavorable decision was published, and the subsidiaries suspended the escrow deposits, and started to pay income taxes from that date. To revert the court decision, the subsidiaries presented a writ of prevention which was dismissed on December 30, 2014, and the subsidiaries appealed this decision on February 3, 2015. Appeals were also presented to the respective higher courts Superior Court of Justice (&#8220;STJ&#8221;) and Federal Supreme Court (&#8220;STF&#8221;) whose final trial are pending.</font><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold;">a.2 Provisions for Civil, Environmental and Regulatory Claims</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="font-weight: bold;">a.2.1</font> The Company and its subsidiaries maintain provisions for lawsuits and administrative proceedings, mainly derived from contracts entered into with customers and former services providers, as well as proceedings related to environmental and regulatory issues in the amount of R$ 57,229 as of June 30, 2020 (R$ 85,855 as of December 31, 2019). The subsidiary IPP entered into an agreement in two civil lawsuits that were provisioned for the expected loss in the amount of R$ 27,995. Reason why, with the closing of the cases, this provision was written-off in the period.</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt;" width="100%">

<tr style="height: 15.45pt;">
<td style="vertical-align: top; width: 21.3pt;">
<p style="margin: 0pt; text-align: justify; text-indent: 1.25pt;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="font-style: italic; font-weight: bold;">&nbsp;</font><font style="font-style: italic; font-weight: bold;">a.3</font></font></p>
</td>
<td style="vertical-align: top; width: 403.95pt;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold;">Provisions for Labor Matters</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt 0pt 0pt 14.2pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="font-weight: bold;">a.3.1</font> The Company and its subsidiaries maintain provisions of R$ 97,638 as of June 30, 2020 (R$ 98,010 as of December 31, 2019) for labor litigation filed by former employees and by employees of our service providers, mainly, contesting the non-payment of labor rights.</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="font-style: italic; font-weight: bold;">b.</font><font style="font-style: italic; font-weight: bold;">&nbsp;</font><font style="font-style: italic; font-weight: bold;">Contingent Liabilities (Possible)</font></font></p>
<p style="margin: 0pt 0pt 0pt 14.2pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;">The Company and its subsidiaries are parties in tax, civil, environmental, regulatory, and labor claims whose loss prognosis is assessed as possible (proceedings whose chance of loss is more than 25% and less or equal than 50%) by the Company and its subsidiaries&#8217; legal departments, based on the opinion of its external legal advisors and, based on this assessment, these claims were not recognized in the financial statements. The estimated amount of this contingency is R$ 3,239,192 as of June 30, 2020 (R$ 2,840,086 as of December 31, 2019).</font></p>
</div>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><br></font></p>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>84</font></font></td>
</tr>

</table>
<hr style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><br></font></p>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 0cm 0cm 0.0001pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font lang="PT-BR" style="color: #000000; font-family: 'times new roman', times; font-size: 10pt;">Ultrapar&nbsp;Participa&#231;&#245;es&nbsp;S.A. and Subsidiaries</font></p>
<p style="margin: 0cm 0cm 0.0001pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font lang="PT-BR" style="color: #000000; font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0cm 0cm 0.0001pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font lang="EN-US" style="color: #000000; font-family: 'times new roman', times; font-size: 10pt;">Notes to the <font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Parent's Separate</font> and Consolidated Interim Financial Information</font></p>
<p style="margin: 0cm 0cm 0.0001pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font lang="EN-US" style="color: #000000; font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0cm 0cm 0.0001pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font lang="EN-US" style="font-size: 10pt; color: #000000; font-family: 'times new roman', times;">(In thousands of Brazilian&nbsp;Reais, unless otherwise stated)<br></font><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold;">b.1 Contingent Liabilities for Tax Matters and Social Security </font></p>
<p style="font-size: 11pt; line-height: 115%; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;">The Company and its subsidiaries have contingent liabilities for tax matters and social security in the amount of R$ 2,334,465 as of June 30, 2020 (R$ 2,028,159 as of December 31, 2019), mainly represented by:</font></p>
<p style="font-size: 11pt; line-height: 115%; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="font-weight: bold;">b.1.1</font> The subsidiary IPP and its subsidiaries have assessments invalidating the offset of excise tax (&#8220;IPI&#8221;) credits in connection with the purchase of raw materials used in the manufacturing of products which sales are not subject to IPI under the protection of tax immunity. The amount of this contingency is R$ 175,458 as of June 30, 2020 (R$ 173,738 as of December 31, 2019).</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="font-weight: bold;">b.1.2</font> The subsidiary IPP and its subsidiaries have legal proceedings related to ICMS. The total amount involved in these proceedings, was R$ 952,455 as of June 30, 2020 (R$ 836,822 as of December 31, 2019), Such proceedings arise mostly of the disregard of ICMS credits amounting to R$ 295,255 as of June 30, 2020 (R$ 319,849 as of December 31, 2019), of which R$ 91,259 (R$ 126,772 as of December 31, 2019) refer to proportional reversal requirement of ICMS credits related to the acquisition of hydrated alcohol; of alleged non-payment in the amount of R$ 97,272 as of June 30, 2020 (R$ 92,567 as of December 31, 2019); of conditioned fruition of fiscal incentive in the amount of R$ 119,142 as of June 30, 2020 (R$ 117,753 as of December 31, 2019); and inventory differences in the amount of R$ 277,207 as of June 30, 2020 (R$ 172,736 as of December 31, 2019) related to the leftovers or faults due to temperature changes or product handling.</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="font-weight: bold;">b.1.3</font> The Company and its subsidiaries are parties to administrative and judicial suits involving Income Tax, Social Security Contribution, PIS and COFINS, substantially about denials of offset claims and credits disallowance which total amount is R$ 738,727 as of June 30, 2020 (R$ 699,360 as of December 31, 2019), mainly represented by:</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="font-weight: bold;">b.1.3.1</font><font style="font-weight: bold;"> </font>The subsidiary IPP received a tax assessment related to the IRPJ and CSLL resulting from the supposedly undue amortization of the goodwill paid on acquisition of a subsidiary, in the amount of R$ 210,945 as of June 30, 2020 (R$ 208,449 as of December 31, 2019), which includes the amount of the income taxes, interest and penalty. Management assessed the likelihood of the tax assessment, supported by the opinion of its legal advisors, as &#8220;possible&#8221;, and therefore did not recognize a provision for this contingent liability.</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="font-size: 11pt; line-height: 115%; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold;">b.2 Contingent Liabilities for Civil, Environmental and Regulatory Claims </font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;">The Company and its subsidiaries have contingent liabilities for civil, environmental and regulatory claims in the amount of R$ 616,235, totaling 2,901 lawsuits as of June 30, 2020 (R$ 549,664, totaling 3,109 lawsuits as of December 31, 2019), mainly represented by:</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="font-weight: bold;">b.2.1</font> The subsidiary Cia. Ultragaz is party to an administrative proceeding before CADE based on alleged anti-competitive practices in the State of Minas Gerais in 2001. The CADE entered a decision against Cia. Ultragaz and imposed a penalty of R$ 33,790 as of June 30, 2020 (R$ 33,603 as of December 31, 2019). The imposition of such administrative decision was suspended by a court order and its merit is being judicially reviewed. </font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="font-weight: bold;">b.2.2</font><font style="font-weight: bold;"> </font>In 2016, the subsidiary Cia. Ultragaz became party to two administrative proceedings filed by CADE, related to allegations of anti-competitive practices: i) one of the proceedings relate to practices in the State of Para&#237;ba and other Northeast States, in which the subsidiary Bahiana is part along with Cia. Ultragaz. On this proceeding, Cia. Ultragaz and Bahiana signed a Cessation Commitment Agreement (&#8220;TCC&#8221;) with CADE, approved on November 22, 2017, in the amount of R$ 95,987, paid in 8 (eight) equal installments updated semiannually by SELIC, with maturity of the first one in 180 (one hundred and eighty) days from the date of publication of the approval. Three employees and one former employee signed TCC in the total amount of R$ 1,100. With the TCC, the administrative proceeding will be suspended in relation to the Cia. Ultragaz and Bahiana until final decision; ii) the second proceeding relate to practices in the Federal District and around, in which only Cia. Ultragaz is part. On this proceeding, Cia. Ultragaz signed a TCC with CADE, approved on September 6, 2017, in the amount of R$ 2,154, paid in a single installment in March 8, 2018. Two former employees signed TCC in the amount of R$ 50 each. With the TCC, the administrative proceeding will be suspended in relation to the Cia. Ultragaz until final decision.</font></p>
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<p style="margin: 0cm 0cm 0.0001pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font lang="PT-BR" style="color: #000000; font-family: 'times new roman', times; font-size: 10pt;">Ultrapar&nbsp;Participa&#231;&#245;es&nbsp;S.A. and Subsidiaries</font></p>
<p style="margin: 0cm 0cm 0.0001pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font lang="PT-BR" style="color: #000000; font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0cm 0cm 0.0001pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font lang="EN-US" style="color: #000000; font-family: 'times new roman', times; font-size: 10pt;">Notes to the <font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Parent's Separate</font> and Consolidated Interim Financial Information</font></p>
<p style="margin: 0cm 0cm 0.0001pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font lang="EN-US" style="color: #000000; font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0cm 0cm 0.0001pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font lang="EN-US" style="font-size: 10pt; color: #000000; font-family: 'times new roman', times;">(In thousands of Brazilian&nbsp;Reais, unless otherwise stated)<br></font><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="font-weight: bold;">b.2.3</font><font style="font-weight: bold;"> </font>The subsidiary IPP became party to two administrative proceedings filed by CADE, related to allegations of anti-competitive practices in the city of Joinville, State of Santa Catarina and in the Distrito Federal. In April, 2019 an administrative award was imposed in the amount of R$ 40,693 which is judicially reviewed for allegedly influencing uniform commercial conduct among fuel resellers around the city of Belo Horizonte, state of Minas Gerais. The subsidiary IPP will continue to exercise its defense by appealing in all administrative and judicial instances. Supported by the opinion of external legal counsel that classified the probability of loss as &#8220;remote&#8221;, Management did not recognize a provision for this contingency as of June 30, 2020.</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="font-weight: bold;">b.2.</font><font style="font-weight: bold;">4</font> On November 29, 2016, a technical opinion was issued by the Operational Support Center for Execution (Centro de Apoio Operacional &#224; Execu&#231;&#227;o - CAEX), a technical body linked to the S&#227;o Paulo State Public Prosecutor (&#8220;MPE&#8221;), presenting a proposal of compensation for the alleged environmental damages caused by the fire on April 2<font style="vertical-align: super;">nd</font>, 2015 at the Santos Terminal of the subsidiary Tequimar. This technical opinion is non-binding, with no condemnatory or sanctioning nature, and will still be evaluated by the authorities and parties. The subsidiary disagrees with the methodology and the assumptions adopted in the proposal and is negotiating an agreement with the MPE and the Brazilian Federal Public Prosecutor (&#8220;MPF&#8221;), since the beginning of the investigation and currently there is no civil lawsuit filed on the matter. The negotiations relate to <font style="font-style: italic;">in natura</font> repair of the any damages. Thus, on May 15, 2019, the subsidiary Tequimar signed a Partial Conduct Adjustment Commitment Agreement (&#8220;TAC&#8221;) in the amount of R$ 67,539 with the MPE and MPF to compensate for diffuse and collective damages of any kind arising from the fish mortality and the damage caused to the ichthyofauna. The negotiations on compensation for other alleged damages are still ongoing and once concluded, the payments related to the project costs may affect the future Company&#8217;s Financial statements. In the criminal sphere, the MPF denounced the subsidiary Tequimar, which was summoned and replied to the complaint on June 19, 2018. On September 12, 2019, at a hearing in the federal court of Santos, the MPF and Tequimar agreed, and the judicial authority approved, the conditional suspension of the criminal proceedings for a period of 2 years, when Tequimar shall then prove compliance with the execution of the Partial TAC signed, with the obligation of a complementary allocation of R$ 13,000 to the Fisheries Management Project, to obtain the definitive filing of the process. In addition, as of June 30, 2020, there are contingent liabilities not recognized related to lawsuits in the amount of R$ 6,149 (R$ 11,403 as of December 31, 2019). On June 30, 2020 and December, 2019 there were not extrajudicial lawsuits.</font></p>
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<p style="margin: 0cm 0cm 0.0001pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font lang="PT-BR" style="color: #000000; font-family: 'times new roman', times; font-size: 10pt;">Ultrapar&nbsp;Participa&#231;&#245;es&nbsp;S.A. and Subsidiaries</font></p>
<p style="margin: 0cm 0cm 0.0001pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font lang="PT-BR" style="color: #000000; font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0cm 0cm 0.0001pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font lang="EN-US" style="color: #000000; font-family: 'times new roman', times; font-size: 10pt;">Notes to the <font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Parent's Separate</font> and Consolidated Interim Financial Information</font></p>
<p style="margin: 0cm 0cm 0.0001pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font lang="EN-US" style="color: #000000; font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0cm 0cm 0.0001pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font lang="EN-US" style="font-size: 10pt; color: #000000; font-family: 'times new roman', times;">(In thousands of Brazilian&nbsp;Reais, unless otherwise stated)<br><br></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold;">b.3 Contingent Liabilities for Labor Matters </font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;">The Company and its subsidiaries have contingent liabilities for labor matters in the amount of R$ 288,492, totaling 1,580 lawsuits as of June 30, 2020 (R$ 262,263, totaling 1,649 lawsuits as of December 31, 2019), mainly represented by:&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="font-weight: bold;">b.3.1</font><font style="font-weight: bold;"> </font>In 1990, the Petrochemical Industry Labor Union (Sindiqu&#237;mica), of which the employees of Oxiteno S.A and Empresa Carioca de Produtos Qu&#237;micos S.A. (&#8220;EMCA&#8221;), companies located in the Cama&#231;ari Petrochemical Complex, are members, filed collective lawsuits against the subsidiaries demanding the compliance with the fourth section of the collective labor agreement, which provided for a salary adjustment in lieu of the salary policies practiced. In the same year, a collective labor dispute was also filed by the Union of Employers (SINPEQ) against Sindiqu&#237;mica, requiring the recognition of the loss of effectiveness of such fourth section. The decisions rendered on the collective claims which were favorable to the subsidiaries Oxiteno S.A. and EMCA are final and unappealable. The collective labor from Sindiqu&#237;mica against SINPEQ became final in STF in October 2019 and remained unfavorable to SINPEQ. In 2010, some companies in the Cama&#231;ari Petrochemical Complex signed an agreement with Sindiqu&#237;mica. In October 2015, Sindiqu&#237;mica filed enforcement lawsuits against Oxiteno S.A and, in 2017, EMCA, as these companies did not sign the 2010 agreement with Sindiqu&#237;mica. A favorable decision was issued for Oxiteno S.A., awaiting judgment of the Sindiquimica appeal and&nbsp;Oxiteno S.A adhesive appeal. At the Regional Labor Court of the 5th&nbsp;Region. For EMCA, the decision of 1st&nbsp;instance favorable to the company was reversed at the Regional Labor Court of the 5th&nbsp;Region, it&#8217;s pending a final judgment in this instance. In addition to collective actions, individual claims containing the same object have been filed.</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="font-style: italic; font-weight: bold;">c.</font><font style="font-style: italic; font-weight: bold;">&nbsp;</font><font style="font-style: italic; font-weight: bold;">Lubricants operation between IPP and Chevron</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;">In the process of transaction of the lubricants' operation in Brazil between Chevron and subsidiary IPP (see Note 3.c of Interim Financial Information of 2018 filed on CVM February 20, 2019), it was agreed that each shareholder is responsible for any claims arising out of acts, facts or omissions prior to the transaction. The liability provisions of the Chevron shareholder in the amount of R$ 5,371 (R$ 5,423 as of December 31, 2019) are reflected in the consolidation of these interim financial information. Additionally, in connection with the business combination, a provision in the amount of R$ 198,900 was recognized on December 1, 2017 due contingent liabilities, amounted to R$ 188,073 as of June 30, 2020 (R$ 188,073 as of December 31, 2019. The amounts of provisions of Chevron's liability recognized in the business combination will be reimbursed to subsidiary Iconic in the event of losses and an indemnity asset was hereby constituted in the same amount, without the need to establish a provision for uncollectible amounts.</font></p>
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<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><br></font></p>
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<p style="margin: 0cm 0cm 0.0001pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font lang="PT-BR" style="color: #000000; font-family: 'times new roman', times; font-size: 10pt;">Ultrapar&nbsp;Participa&#231;&#245;es&nbsp;S.A. and Subsidiaries</font></p>
<p style="margin: 0cm 0cm 0.0001pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font lang="PT-BR" style="color: #000000; font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0cm 0cm 0.0001pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font lang="EN-US" style="color: #000000; font-family: 'times new roman', times; font-size: 10pt;">Notes to the <font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Parent's Separate</font> and Consolidated Interim Financial Information</font></p>
<p style="margin: 0cm 0cm 0.0001pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font lang="EN-US" style="color: #000000; font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0cm 0cm 0.0001pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font lang="EN-US" style="font-size: 10pt; color: #000000; font-family: 'times new roman', times;">(In thousands of Brazilian&nbsp;Reais, unless otherwise stated)</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="font-style: italic; font-weight: bold;">d.</font><font style="font-style: italic; font-weight: bold;">&nbsp;</font><font style="font-style: italic; font-weight: bold;">Contingent Assets</font></font></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold;">d.1 Exclusion of ICMS from the calculation basis of PIS and COFINS </font></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;">In March 15, 2017, STF decided that ICMS is not included in the PIS and COFINS basis. All subsidiaries have actions aimed at obtaining this right, as long as applicable. For the subsidiaries Oxiteno S.A., Extrafarma and Tequimar, have final and unappealable decision, and the respective subsidies to prove the amounts to be refunded were duly confirmed by management and recorded in results, up to the present year of 2020, the amount of R$ 487,203 (up to R$ 338,110 in 2019). As a result of injunctions obtained, some subsidiaries have already excluded ICMS from the PIS and COFINS calculation base in the amount of R$ 166,966 until June 30, 2020 (R$ 141,618 as of December 31, 2019). The amounts to be recovered from the other subsidiaries will be recognized to the extent that concomitantly, there are the final and unappealable decision of the individual action and confirmation of the evidences.</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">The Company's management emphasizes that it is possible for the STF to modulate the effects of the judgment, either by restricting its effectiveness or determining when the decision will become effective, or by reinterpreting the value of ICMS to be excluded. After the decision of the STF has become final and unappealable, the Company's management will assess the impact on the shares of its subsidiaries, which may result in a reduction in the claimed tax credits.&nbsp;</font></p>
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<div style="width: 8.5in; margin: 0 auto;"><font style="font-weight: bold;">23. Deferred Revenue (Consolidated)</font>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-weight: bold;"><font style="font-family: 'Times New Roman';"><br></font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The subsidiaries </font><font style="font-family: 'Times New Roman';">of the Company </font><font style="font-family: 'Times New Roman';">have recognized the following deferred revenue:</font></font></p>
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<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
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<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 72.1pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">06/30/2020</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; width: 9.8pt; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 72.1pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">12/31/2019</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 271.25pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#8216;am/pm&#8217; and Jet Oil franchising upfront fee (a)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 72.1pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">429</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; width: 9.8pt; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 72.1pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">956</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 271.25pt; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Loyalty program &#8220;Km de Vantagens&#8221; (b)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 72.1pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">24,134</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; width: 9.8pt; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 72.1pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">25,096</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 271.25pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Loyalty program &#8220;Clube Extrafarma&#8221; (b)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 72.1pt; height: 17px; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,820</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; width: 9.8pt; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 72.1pt; height: 17px; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,574</font></p>
</td>
</tr>
<tr style="height: 18px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 271.25pt; height: 18px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Total current</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 72.1pt; border-bottom: 2.8pt double #000000; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">26,383</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; width: 9.8pt; margin: 0px; text-indent: 0px; height: 18px;">
<p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 72.1pt; border-bottom: 2.8pt double #000000; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">27,626</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold;">a. Franchising Upfront Fee</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">am/pm is the convenience stores chain of the Ipiranga service stations.</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">Ipiranga ended </font><font style="font-family: 'Times New Roman';">June</font><font style="font-family: 'Times New Roman';"> 3</font><font style="font-family: 'Times New Roman';">0</font><font style="font-family: 'Times New Roman';">, 20</font><font style="font-family: 'Times New Roman';">20</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">with </font><font style="font-family: 'Times New Roman';">2,3</font><font style="font-family: 'Times New Roman';">45</font><font style="font-family: 'Times New Roman';"> sto</font><font style="font-family: 'Times New Roman';">res</font><font style="font-family: 'Times New Roman';"> (</font><font style="font-family: 'Times New Roman';">2,</font><font style="font-family: 'Times New Roman';">377</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">as of December 31, 201</font><font style="font-family: 'Times New Roman';">9</font><font style="font-family: 'Times New Roman';">). Jet Oil is Ipiranga&#8217;s lubricant-changing and automotive service specialized network. Ipiranga ended</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">June</font><font style="font-family: 'Times New Roman';"> 3</font><font style="font-family: 'Times New Roman';">0</font><font style="font-family: 'Times New Roman';">, 20</font><font style="font-family: 'Times New Roman';">20</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">with</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">1,4</font><font style="font-family: 'Times New Roman';">73</font><font style="font-family: 'Times New Roman';"> s</font><font style="font-family: 'Times New Roman';">tores</font><font style="font-family: 'Times New Roman';"> (</font><font style="font-family: 'Times New Roman';">1,</font><font style="font-family: 'Times New Roman';">492</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">stores as of December 31, 201</font><font style="font-family: 'Times New Roman';">9</font><font style="font-family: 'Times New Roman';">).</font></font></p>
</div>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';"><br></font></font></p>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>88</font></font></td>
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</table>
<hr style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><font style="font-size: 10pt;"><a href="#TOC">Table of Contents</a></font></div>
</div>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"><br></font></p>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 0cm 0cm 0.0001pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font lang="PT-BR" style="color: #000000; font-family: 'times new roman', times; font-size: 10pt;">Ultrapar&nbsp;Participa&#231;&#245;es&nbsp;S.A. and Subsidiaries</font></p>
<p style="margin: 0cm 0cm 0.0001pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font lang="PT-BR" style="color: #000000; font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0cm 0cm 0.0001pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font lang="EN-US" style="color: #000000; font-family: 'times new roman', times; font-size: 10pt;">Notes to the <font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Parent's Separate</font> and Consolidated Interim Financial Information</font></p>
<p style="margin: 0cm 0cm 0.0001pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font lang="EN-US" style="color: #000000; font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0cm 0cm 0.0001pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"><font lang="EN-US" style="color: #000000; font-family: 'times new roman', times;">(In thousands of Brazilian&nbsp;Reais, unless otherwise stated)<br></font><font style="font-family: 'Times New Roman';">&nbsp;</font></font></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">b</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">. </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">Loyalty </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">P</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">rogram</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">s</font></font></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Subsidiary </font><font style="font-family: 'Times New Roman';">Ipiranga has a loyalty program called Km de Vantagens</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman'; text-decoration: underline;">(www.kmdevantagens.com.br</font><font style="font-family: 'Times New Roman';">) </font><font style="font-family: 'Times New Roman';">under which registered customers are rewarded with points when they buy products at Ipiranga service stations or at its partners. The customers may exchange these points, during the period of one year, for discounts on products and services offered by Ipiranga and its partners. Points received by Ipiranga&#8217;s customers that may be used with the partner Multiplus</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">Fidelidade and for discounts of fuel in Ipiranga&#8217;s website (</font><font style="font-family: 'Times New Roman'; text-decoration: underline;">www.postoipiranganaweb.com.br</font><font style="font-family: 'Times New Roman';">) </font><font style="font-family: 'Times New Roman';">and </font><font style="font-family: 'Times New Roman';">recognized as a reduction</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">of revenue from sales and services</font><font style="font-family: 'Times New Roman';">.</font></font></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Subsidiary </font><font style="font-family: 'Times New Roman';">Extrafarma has a loyalty program called </font><font style="font-family: 'Times New Roman';">Clube Extrafarma</font><font style="font-family: 'Times New Roman';"> (</font><font style="font-family: 'Times New Roman'; text-decoration: underline;">www.club</font><font style="font-family: 'Times New Roman'; text-decoration: underline;">e</font><font style="font-family: 'Times New Roman'; text-decoration: underline;">extra</font><font style="font-family: 'Times New Roman'; text-decoration: underline;">farma</font><font style="font-family: 'Times New Roman'; text-decoration: underline;">.com.br</font><font style="font-family: 'Times New Roman';">)</font><font style="font-family: 'Times New Roman';"> under which registered customers are rewarded with points when they buy products at its drugstore chain. The customers may exchange these points, during the period of </font><font style="font-family: 'Times New Roman';">six months</font><font style="font-family: 'Times New Roman';">, for</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">discounts in products at its drugstore chain</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">recharge credit on a mobile phone, and</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">prizes</font><font style="font-family: 'Times New Roman';"> offered by partners</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">Multiplus</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">Fidelidade</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">and</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">Ipiranga, </font><font style="font-family: 'Times New Roman';">through</font><font style="font-family: 'Times New Roman';"> Km de Vantagens</font><font style="font-family: 'Times New Roman';">. </font><font style="font-family: 'Times New Roman';">Points received by Extrafarma&#8217;s customers are </font><font style="font-family: 'Times New Roman';">recognized as a reduction</font><font style="font-family: 'Times New Roman';"> of</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">revenue from sales and services</font><font style="font-family: 'Times New Roman';">.</font></font></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Deferred revenue is </font><font style="font-family: 'Times New Roman';">estimated </font><font style="font-family: 'Times New Roman';">based on the fair value of the points granted, considering the value of the </font><font style="font-family: 'Times New Roman';">prizes</font><font style="font-family: 'Times New Roman';"> and the expected redemption of </font><font style="font-family: 'Times New Roman';">these </font><font style="font-family: 'Times New Roman';">points.<br><br></font><font style="font-family: 'Times New Roman'; font-weight: bold;">24.</font><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: normal; font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman'; font-weight: bold;">&nbsp;</font><font style="font-family: 'Times New Roman'; font-weight: bold;">Subscription </font><font style="font-family: 'Times New Roman'; font-weight: bold;">W</font><font style="font-family: 'Times New Roman'; font-weight: bold;">arrants &#8211; </font><font style="font-family: 'Times New Roman'; font-weight: bold;">I</font><font style="font-family: 'Times New Roman'; font-weight: bold;">ndemnification</font></font></p>
<p style="margin: 0pt 0pt 0pt 14.2pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Because of the association between the Company and Extrafarma</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">o</font><font style="font-family: 'Times New Roman';">n January 31, 2014, </font><font style="font-family: 'Times New Roman';">7 subscription warrants &#8211; indemnification </font><font style="font-family: 'Times New Roman';">could be </font><font style="font-family: 'Times New Roman';">issued, corresponding to up to </font><font style="font-family: 'Times New Roman';">6,411,244</font><font style="font-family: 'Times New Roman';"> shares</font><font style="font-family: 'Times New Roman';"> of the Company</font><font style="font-family: 'Times New Roman';">.</font><font style="font-family: 'Times New Roman';"> The subscription warrants &#8211; indemnification may be exercised </font><font style="font-family: 'Times New Roman';">beginning</font><font style="font-family: 'Times New Roman';"> 2020 </font><font style="font-family: 'Times New Roman';">by the former shareholders of Extrafarma</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">and are adjusted according to the changes in the amounts of provisions for tax, civil, and labor risks and contingent liabilities related to the period prior to January 31, 2014. The subscription warrants &#8211; indemnification&#8217;s fair value is measured based on the share price of Ultrapar (UGPA3) and is reduced by the dividend yield until 2020, since the exercise is possible only from 2020, and they are not entitled to dividends until that date.</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">On February 19, 2020, the Company&#8217;s Board of Directors confirmed the issuance of 2,108,542 common shares within the authorized capital limit provided by the art. 6 of the Bylaws, due to the partial exercise of the rights conferred by the subscription warrants issued by the Company when the merger of all Extrafarma shares by the Company, approved by the extraordinary general meeting of the Company held in January 31, 2014.</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">In the association agreement between the Company and Extrafarma on January 31, 2014 and due to the unfavorable decisions of some processes prior on January 31, 2014, 528,344 shares linked to the subscription warrants - indemnification were canceled and didn&#8217;t issue on 19 February 2020. Also, 3,774,388 shares were retained, linked to subscription warrants - indemnification, which will be issued as the processes will be favorable in a final decision to the Extrafarma. Thus, the maximum number of shares, which may be issued in the future, linked to the subscription warrants - indemnification, is up </font><font style="font-family: 'Times New Roman';">to 3,</font><font style="font-family: 'Times New Roman';">431,057</font><font style="font-family: 'Times New Roman';"> shares, totaling </font><font style="font-family: 'Times New Roman';">R</font><font style="font-family: 'Times New Roman';">$ </font><font style="font-family: 'Times New Roman';">63,063</font><font style="font-family: 'Times New Roman';"> on</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">June</font><font style="font-family: 'Times New Roman';"> 3</font><font style="font-family: 'Times New Roman';">0</font><font style="font-family: 'Times New Roman';">, 2020.</font></font></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';"><br></font></font></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">In August 12, 2020, the Company&#8217;s Board of Directors confirmed the issuance of 86,798 common shares due to the partial exercise of the rights conferred by the subscription warrants. For more information on the partial issue, see note 35.d.</font></font><font style="font-family: 'Times New Roman';">&nbsp;</font><font style="font-family: 'Times New Roman';">&nbsp;</font></p>
</div>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>89</font></font></td>
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</table>
<hr style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><font style="font-size: 10pt;"><a href="#TOC">Table of Contents</a></font></div>
</div>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 0cm 0cm 0.0001pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font lang="PT-BR" style="color: #000000; font-family: 'times new roman', times; font-size: 10pt;">Ultrapar&nbsp;Participa&#231;&#245;es&nbsp;S.A. and Subsidiaries</font></p>
<p style="margin: 0cm 0cm 0.0001pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font lang="PT-BR" style="color: #000000; font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0cm 0cm 0.0001pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font lang="EN-US" style="color: #000000; font-family: 'times new roman', times; font-size: 10pt;">Notes to the <font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Parent's Separate</font> and Consolidated Interim Financial Information</font></p>
<p style="margin: 0cm 0cm 0.0001pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font lang="EN-US" style="color: #000000; font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0cm 0cm 0.0001pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"><font lang="EN-US" style="color: #000000; font-family: 'times new roman', times;">(In thousands of Brazilian&nbsp;Reais, unless otherwise stated)<br><br></font><font style="font-family: 'Times New Roman'; font-weight: bold;">25.</font><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: normal; font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman'; font-weight: bold;"> </font><font style="font-family: 'Times New Roman'; font-weight: bold;">Equity</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
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<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">a.</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">&nbsp;</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">&nbsp;</font></font></p>
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<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">Share </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">C</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">apital</font></font></p>
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<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">On </font><font style="font-family: 'Times New Roman';">June</font><font style="font-family: 'Times New Roman';"> 3</font><font style="font-family: 'Times New Roman';">0</font><font style="font-family: 'Times New Roman';">, 20</font><font style="font-family: 'Times New Roman';">20</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';"> t</font><font style="font-family: 'Times New Roman';">he subscribed and paid-in capital stock consists </font><font style="font-family: 'Times New Roman';">of </font><font style="font-family: 'Times New Roman';">1,114,918</font><font style="font-family: 'Times New Roman';">,734</font><font style="font-family: 'Times New Roman';"> (</font><font style="font-family: 'Times New Roman';">1,112.810,192 as of December 31, 2019)</font><font style="font-family: 'Times New Roman';"> common shares with no par value</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">and the issuance of preferred shares and participation certificates is prohibited.</font><font style="font-family: 'Times New Roman';">&nbsp;</font><font style="font-family: 'Times New Roman';">Each common share entitles its holder to one vote at Shareholders&#8217; Meetings.</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The price of the shares issued by the Company as of June 30, 2020, on B3 </font><font style="font-family: 'Times New Roman';">was R$ </font><font style="font-family: 'Times New Roman';">18.38</font><font style="font-family: 'Times New Roman';"> (R$ 25.48 as of December 31, 2019).</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">As of </font><font style="font-family: 'Times New Roman';">June</font><font style="font-family: 'Times New Roman';"> 3</font><font style="font-family: 'Times New Roman';">0</font><font style="font-family: 'Times New Roman';">, 20</font><font style="font-family: 'Times New Roman';">20</font><font style="font-family: 'Times New Roman';">, t</font><font style="font-family: 'Times New Roman';">he Company is authorized to increase capital up to the limit of </font><font style="font-family: 'Times New Roman';">1,6</font><font style="font-family: 'Times New Roman';">00,000,000 common shares, without amendment to the Bylaws, by resolution of the Board of Directors.</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">On</font><font style="font-family: 'Times New Roman';"> February 19, 2020, the Company&#8217;s Board of Directors confirmed the issuance of 2,108,542 common shares due to the partial exercise of the rights conferred by the subscription warrants</font><font style="font-family: 'Times New Roman';"> &#8211; idemnification</font><font style="font-family: 'Times New Roman';">. For more information on the partial issue, see note </font><font style="font-family: 'Times New Roman';">24</font><font style="font-family: 'Times New Roman';">.</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">As of</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">June</font><font style="font-family: 'Times New Roman';"> 3</font><font style="font-family: 'Times New Roman';">0</font><font style="font-family: 'Times New Roman';">, 20</font><font style="font-family: 'Times New Roman';">20</font><font style="font-family: 'Times New Roman';">, there </font><font style="font-family: 'Times New Roman';">were </font><font style="font-family: 'Times New Roman';">47,479,723</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">common shares outstanding abroad in the form of ADRs</font><font style="font-family: 'Times New Roman';"> (</font><font style="font-family: 'Times New Roman';">46,518,315</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">shares </font><font style="font-family: 'Times New Roman';">as of December</font><font style="font-family: 'Times New Roman';"> 31</font><font style="font-family: 'Times New Roman';">, 201</font><font style="font-family: 'Times New Roman';">9</font><font style="font-family: 'Times New Roman';">)</font><font style="font-family: 'Times New Roman';">.</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">On April 10, 2019, the Company&#8217;s extraordinary and annual general meeting approved the stock split of common shares issued by Ultrapar, at a ratio of one currently existing share to two shares of the same class and type as well as</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">the changing of the number of shares in which the capital stock of the Company is divided. The stock split approved herein shall not imply in any change in the Ultrapar&#8217;s capital stock</font><font style="font-family: 'Times New Roman';">. T</font><font style="font-family: 'Times New Roman';">he new shares and ADRs resulting from the stock split approved herein </font><font style="font-family: 'Times New Roman';">are</font><font style="font-family: 'Times New Roman';"> of the same class and type and grant</font><font style="font-family: 'Times New Roman';">ed</font><font style="font-family: 'Times New Roman';"> to its holders the same rights of the current shares and ADRs. </font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
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<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">b.</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">&nbsp;</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">&nbsp;</font></font></p>
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<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold;">Equity instrument granted</font></p>
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<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The Company has a </font><font style="font-family: 'Times New Roman';">share-based incentive plan, which establishes the general terms and conditions for the concession of common shares issued by the Company held in treasury (see </font><font style="font-family: 'Times New Roman';">N</font><font style="font-family: 'Times New Roman';">ote 8.c).</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
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<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">c</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">.</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">&nbsp;</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">&nbsp;</font></font></p>
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<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">Treasury </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">S</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">hares</font></font></p>
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<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The Company acquired its own shares at market prices, without capital reduction, to be held in treasury and to be subsequently disposed of or cancelled, in accordance with CVM Instructions 10, </font><font style="font-family: 'Times New Roman';">issued on</font><font style="font-family: 'Times New Roman';"> February 14, 1980 and 268, </font><font style="font-family: 'Times New Roman';">issued on</font><font style="font-family: 'Times New Roman';"> November 13, 1997. </font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">As of </font><font style="font-family: 'Times New Roman';">June</font><font style="font-family: 'Times New Roman';"> 3</font><font style="font-family: 'Times New Roman';">0</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">20</font><font style="font-family: 'Times New Roman';">20</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';"> and December 31,</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">201</font><font style="font-family: 'Times New Roman';">9</font><font style="font-family: 'Times New Roman';">, </font><font style="font-family: 'Times New Roman';">26,780,298</font><font style="font-family: 'Times New Roman';"> common shares were held in the Company's treasury, acquired at an average cost of </font><font style="font-family: 'Times New Roman';">R$ </font><font style="font-family: 'Times New Roman';">18.12</font><font style="font-family: 'Times New Roman';">.</font></font></p>
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<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>90</font></font></td>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><font style="font-size: 10pt;"><a href="#TOC">Table of Contents</a></font></div>
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<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"><br></font></p>
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<p style="margin: 0cm 0cm 0.0001pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font lang="PT-BR" style="color: #000000; font-family: 'times new roman', times; font-size: 10pt;">Ultrapar&nbsp;Participa&#231;&#245;es&nbsp;S.A. and Subsidiaries</font></p>
<p style="margin: 0cm 0cm 0.0001pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font lang="PT-BR" style="color: #000000; font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0cm 0cm 0.0001pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font lang="EN-US" style="color: #000000; font-family: 'times new roman', times; font-size: 10pt;">Notes to the <font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Parent's Separate</font> and Consolidated Interim Financial Information</font></p>
<p style="margin: 0cm 0cm 0.0001pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font lang="EN-US" style="color: #000000; font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0cm 0cm 0.0001pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font lang="EN-US" style="font-size: 10pt; color: #000000; font-family: 'times new roman', times;">(In thousands of Brazilian&nbsp;Reais, unless otherwise stated)<br><br></font></p>
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<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">d</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">.</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">&nbsp;</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">&nbsp;</font></font></p>
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<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">Capital </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">R</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">eserve</font></font></p>
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<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The capital reserve reflects the gain on the transfer of shares at market price used in the Deferred Stock Plan granted to executives of the subsidiaries</font><font style="font-family: 'Times New Roman';"> of the Company</font><font style="font-family: 'Times New Roman';">, as mentioned in Note 8.c.</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Because </font><font style="font-family: 'Times New Roman';">of </font><font style="font-family: 'Times New Roman';">Extrafarma</font><font style="font-family: 'Times New Roman';">&#8217;</font><font style="font-family: 'Times New Roman';">s associa</font><font style="font-family: 'Times New Roman';">tion</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">in</font><font style="font-family: 'Times New Roman';"> 2014</font><font style="font-family: 'Times New Roman';">, the Company recognized an increase in the capital reserves in the amount of R$ 498,812, due to the difference between the value attributable to share capital and the market value of the Ultrapar shares on the date of issue</font><font style="font-family: 'Times New Roman';">, deducted </font><font style="font-family: 'Times New Roman';">by </font><font style="font-family: 'Times New Roman';">R$ 2,260 related to the</font><font style="font-family: 'Times New Roman';"> incurred costs directly attributable to issuing new shares</font><font style="font-family: 'Times New Roman';">.</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">Additionally, on February 19, 2020, there was an increase in the reserve totaled amount of R$ 53,072, due to the partial exercise of the subscription warrants &#8211; indemnification (see note 24).</font></font></p>
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<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">e</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">.</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">&nbsp;</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">&nbsp;</font></font></p>
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<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">Revaluation </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">R</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">eserve</font></font></p>
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<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The revaluation reserve</font><font style="font-family: 'Times New Roman';">, </font><font style="font-family: 'Times New Roman';">recognized</font><font style="font-family: 'Times New Roman';"> prior to the adoption of </font><font style="font-family: 'Times New Roman';">the international accounting standards (CPC / IFRS) instituted by Law 11,638/07</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';"> reflects the revaluation of assets of subsidiaries and is based on depreciation, write-off, or disposal of the revalued assets of the subsidiaries, as well as the tax effects recognized by these subsidiaries.</font></font></p>
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<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">f</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">.</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">&nbsp;</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">&nbsp;</font></font></p>
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<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">Profit </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">R</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">eserves</font></font></p>
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<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">f.1 </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">Legal </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">R</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">eserve</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Under Brazilian Corporate Law, the Company is required to </font><font style="font-family: 'Times New Roman';">allocate</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">5% of net annual earnings to a legal reserve, until the balance reaches 20% of capital stock. This reserve may be used to increase capital or </font><font style="font-family: 'Times New Roman';">to </font><font style="font-family: 'Times New Roman';">absorb losses but may not be distributed as dividends.</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">f.</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">2</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;"> </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">Investments </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">R</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">eserve</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">In compliance with Article 194 of the Brazilian Corporate Law and Article 55.c) of the Bylaws this reserve is aimed to protect the integrity of the Company&#8217;s assets and to supplement its capital stock, in order to allow new investments to be made. As provided in </font><font style="font-family: 'Times New Roman';">its</font><font style="font-family: 'Times New Roman';"> Bylaws, the Company may allocate up to 45% of </font><font style="font-family: 'Times New Roman';">the annual </font><font style="font-family: 'Times New Roman';">net income to the investments reserve</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';"> up to the limit of 100% of the </font><font style="font-family: 'Times New Roman';">share </font><font style="font-family: 'Times New Roman';">capital.</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The investments reserve </font><font style="font-family: 'Times New Roman';">is </font><font style="font-family: 'Times New Roman';">free of distribution restrictions and </font><font style="font-family: 'Times New Roman';">totaled R$ </font><font style="font-family: 'Times New Roman';">3,</font><font style="font-family: 'Times New Roman';">290</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">073</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">as</font><font style="font-family: 'Times New Roman';"> of </font><font style="font-family: 'Times New Roman';">June</font><font style="font-family: 'Times New Roman';"> 3</font><font style="font-family: 'Times New Roman';">0</font><font style="font-family: 'Times New Roman';">, 20</font><font style="font-family: 'Times New Roman';">20</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">(R$ </font><font style="font-family: 'Times New Roman';">3,290,073</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">as of</font><font style="font-family: 'Times New Roman';"> December 31, </font><font style="font-family: 'Times New Roman';">201</font><font style="font-family: 'Times New Roman';">9</font><font style="font-family: 'Times New Roman';">)</font><font style="font-family: 'Times New Roman';">.</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
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<tr style="height: 13.9pt;">
<td style="vertical-align: top; width: 26.1pt;">
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">g</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">.</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">&nbsp;</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">&nbsp;</font></font></p>
</td>
<td style="vertical-align: top; width: 407.35pt;">
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">Valuation </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">A</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">djustments and Cumulative </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">T</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">ranslation </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">A</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">djustments </font></font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">g.1 </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">Valuation </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">A</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">djustments</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt 0pt 0pt 21.3pt; text-align: justify; text-indent: -21.3pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">(i)&nbsp;</font><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: normal; font-family: 'Times New Roman';">&nbsp;&nbsp;</font><font style="font-family: 'Times New Roman';">Actuarial g</font><font style="font-family: 'Times New Roman';">ains and losses relating to post-employment benefits, calculated based on a valuation conducted by an independent actuary, are recognized in equity </font><font style="font-family: 'Times New Roman';">under </font><font style="font-family: 'Times New Roman';">the title </font><font style="font-family: 'Times New Roman';">&#8220;</font><font style="font-family: 'Times New Roman';">valuation adjustments</font><font style="font-family: 'Times New Roman';">&#8221;</font><font style="font-family: 'Times New Roman';">. </font><font style="font-family: 'Times New Roman';">Actuarial g</font><font style="font-family: 'Times New Roman';">ains and losses recorded in equity are </font><font style="font-family: 'Times New Roman';">not </font><font style="font-family: 'Times New Roman';">reclassified to profit or loss in </font><font style="font-family: 'Times New Roman';">subsequent periods</font><font style="font-family: 'Times New Roman';">.</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt 0pt 0pt 21.3pt; text-align: justify; text-indent: -21.3pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">(ii)</font><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: normal; font-family: 'Times New Roman';">&nbsp; &nbsp;</font><font style="font-family: 'Times New Roman';">Gains and losses on the hedging instruments </font><font style="font-family: 'Times New Roman';">of exchange rate related to</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">firm commitment </font><font style="font-family: 'Times New Roman';">and highly probable transactions </font><font style="font-family: 'Times New Roman';">designated as cash flows </font><font style="font-family: 'Times New Roman';">hedges </font><font style="font-family: 'Times New Roman';">are </font><font style="font-family: 'Times New Roman';">recognized</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">in equity </font><font style="font-family: 'Times New Roman';">as</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">&#8220;</font><font style="font-family: 'Times New Roman';">v</font><font style="font-family: 'Times New Roman';">aluation adjustments</font><font style="font-family: 'Times New Roman';">&#8221;</font><font style="font-family: 'Times New Roman';">. Gains and losses are reclassified to </font><font style="font-family: 'Times New Roman';">initial cost of non-financial assets</font><font style="font-family: 'Times New Roman';">.</font></font></p>
</div>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;<br></font></p>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>91</font></font></td>
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</table>
<hr style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><font style="font-size: 10pt;"><a href="#TOC">Table of Contents</a></font></div>
</div>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"><br></font></p>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 0cm 0cm 0.0001pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font lang="PT-BR" style="color: #000000; font-family: 'times new roman', times; font-size: 10pt;">Ultrapar&nbsp;Participa&#231;&#245;es&nbsp;S.A. and Subsidiaries</font></p>
<p style="margin: 0cm 0cm 0.0001pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font lang="PT-BR" style="color: #000000; font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0cm 0cm 0.0001pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font lang="EN-US" style="color: #000000; font-family: 'times new roman', times; font-size: 10pt;">Notes to the <font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Parent's Separate</font> and Consolidated Interim Financial Information</font></p>
<p style="margin: 0cm 0cm 0.0001pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font lang="EN-US" style="color: #000000; font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0cm 0cm 0.0001pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font lang="EN-US" style="font-size: 10pt; color: #000000; font-family: 'times new roman', times;">(In thousands of Brazilian&nbsp;Reais, unless otherwise stated)</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"><br></font></p>
<p style="margin: 0pt 0pt 0pt 21.25pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify; text-indent: -21.25pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">(iii)</font><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: normal; font-family: 'Times New Roman';">&nbsp;&nbsp; </font><font style="font-family: 'Times New Roman';">The differences between the fair value of financial investments measured at fair value through other comprehensive income and the initial </font><font style="font-family: 'Times New Roman';">amount of financial investments</font><font style="font-family: 'Times New Roman';"> plus </font><font style="font-family: 'Times New Roman';">the interest</font><font style="font-family: 'Times New Roman';"> earned and </font><font style="font-family: 'Times New Roman';">the foreign currency exchange variation</font><font style="font-family: 'Times New Roman';"> are</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">recognized in equity </font><font style="font-family: 'Times New Roman';">as </font><font style="font-family: 'Times New Roman';">valuation adjustments. Gains and losses are reclassified to </font><font style="font-family: 'Times New Roman';">statements of profit or loss</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">when</font><font style="font-family: 'Times New Roman';"> the financial investment is </font><font style="font-family: 'Times New Roman';">settled</font><font style="font-family: 'Times New Roman';">.</font></font></p>
<p style="margin: 0pt 0pt 0pt 36pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt 0pt 0pt 21.3pt; text-align: justify; text-indent: -21.3pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">(iv)</font><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: normal; font-family: 'Times New Roman';">&nbsp;&nbsp;&nbsp;</font><font style="font-family: 'Times New Roman';">The Company </font><font style="font-family: 'Times New Roman';">also </font><font style="font-family: 'Times New Roman';">recognizes in this </font><font style="font-family: 'Times New Roman';">item</font><font style="font-family: 'Times New Roman';"> the effect of changes in the non-controlling interest in subsidiaries that do not result in loss of control. This amount corresponds to the difference between the amount by which the non</font><font style="font-family: 'Times New Roman';">-</font><font style="font-family: 'Times New Roman';">controlling interest was adjusted and the fair value of the consideration received or paid and represents a transaction with shareholders.</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="font-size: 11pt; line-height: 115%; margin: 0pt 0pt 10pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Balance and changes in valuation adjustments of the </font><font style="font-family: 'Times New Roman';">Company</font><font style="font-family: 'Times New Roman';"> are as follows:</font></font></p>
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<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 137.5pt; height: 10px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 53.6pt; height: 10px; text-align: center;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Fair value of cash flow hedging instruments</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7.1pt; height: 10px; text-align: center;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 53.55pt; height: 10px; text-align: center;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Fair value of financial instruments</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7.1pt; height: 10px; text-align: center;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; height: 10px; text-align: center;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Actuarial gains (losses) of post-employment benefits</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7.1pt; height: 10px; text-align: center;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; height: 10px; text-align: center;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Non-controlling shareholders interest change</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7.1pt; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 42.5pt; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Total</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 137.5pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Balance as of December 31, 2019</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 53.6pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(296,132)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.1pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 53.55pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">205</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.1pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 56.7pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(47,759)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.1pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 56.7pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">197,369</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.1pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 42.5pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(146,317)</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 137.5pt; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Changes in fair value of financial instruments</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 53.6pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(721,246)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.1pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 53.55pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">909</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.1pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 56.7pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.1pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 56.7pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.1pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 42.5pt; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(720,337)</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 137.5pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">IRPJ and CSLL on fair value</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 53.6pt; height: 17px; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">245,857</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.1pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 53.55pt; height: 17px; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.1pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 56.7pt; height: 17px; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.1pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 56.7pt; height: 17px; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.1pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 42.5pt; height: 17px; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">245,857</font></p>
</td>
</tr>
<tr style="height: 18px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 137.5pt; height: 18px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Balance as of June 30, 2020</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 53.6pt; border-bottom: 2.8pt double #000000; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(771,521)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.1pt; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 53.55pt; height: 18px; border-bottom: 2.8pt double #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,114</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.1pt; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 56.7pt; height: 18px; border-bottom: 2.8pt double #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(47,759)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.1pt; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 56.7pt; height: 18px; border-bottom: 2.8pt double #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">197,369</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.1pt; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 42.5pt; height: 18px; border-bottom: 2.8pt double #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(620,797)</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 181px; width: 100%;" width="100%">

<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 134.7pt; height: 10px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 53.55pt; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Fair value of cash flow hedging instruments</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7.1pt; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 55.3pt; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Fair value of financial instruments</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7.1pt; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Actuarial gains (losses) of post-employment benefits</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7.1pt; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 56.7pt; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Non-controlling shareholders interest change</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7.1pt; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 42.5pt; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Total</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 134.7pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Balance as of December 31, 2018</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 53.55pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(243,336)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.1pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 55.3pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(273)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.1pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 56.7pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(17,749)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.1pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 56.7pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">197,369</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.1pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 42.5pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(63,989)</font></p>
</td>
</tr>
<tr style="height: 34px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 134.7pt; height: 34px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Changes in fair value of financial instruments</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 53.55pt; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">20,048</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.1pt; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 55.3pt; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">911</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.1pt; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 56.7pt; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.1pt; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 56.7pt; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.1pt; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 42.5pt; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">20,959</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 134.7pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">IRPJ and CSLL on fair value</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 53.55pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(7,641)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.1pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 55.3pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.1pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 56.7pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.1pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 56.7pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.1pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 42.5pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(7,641)</font></p>
</td>
</tr>
<tr style="height: 34px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 134.7pt; height: 34px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Actuarial gain of post-employment benefits</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 53.55pt; height: 34px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.1pt; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 55.3pt; height: 34px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.1pt; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 56.7pt; height: 34px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">238</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.1pt; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 56.7pt; height: 34px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.1pt; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 42.5pt; height: 34px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">238</font></p>
</td>
</tr>
<tr style="height: 18px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 134.7pt; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Balance as of June 30, 2019</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 53.55pt; border-bottom: 2.8pt double #000000; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(230,929)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.1pt; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 55.3pt; border-bottom: 2.8pt double #000000; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">638</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.1pt; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 56.7pt; border-bottom: 2.8pt double #000000; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(17,511)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.1pt; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 56.7pt; border-bottom: 2.8pt double #000000; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">197,369</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.1pt; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 42.5pt; border-bottom: 2.8pt double #000000; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(50,433)</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="font-size: 11pt; line-height: 115%; margin: 0pt 0pt 10pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">g.2 </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">Cumulative </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">T</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">ranslation </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">A</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">djustments</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The change in exchange rates on assets, liabilities</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';"> and income of foreign subsidiaries that have functional currency other than the presentation currency of the Company</font><font style="font-family: 'Times New Roman';"> and</font><font style="font-family: 'Times New Roman';"> an independent administration</font><font style="font-family: 'Times New Roman';"> (see Note 2.s.1)</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">and </font><font style="font-family: 'Times New Roman';">the exchange rate variation on </font><font style="font-family: 'Times New Roman';">notes </font><font style="font-family: 'Times New Roman';">i</font><font style="font-family: 'Times New Roman';">n the foreign market (see Note 3</font><font style="font-family: 'Times New Roman';">3</font><font style="font-family: 'Times New Roman';">.h.3</font><font style="font-family: 'Times New Roman';">)</font><font style="font-family: 'Times New Roman';"> is directly recognized in the equity. This accumulated effect is reflected in profit or loss as a gain or loss only in case of disposal or write-off of the investment.</font></font></p>
</div>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';"><br></font></font></p>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>92</font></font></td>
</tr>

</table>
<hr style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><font style="font-size: 10pt;"><a href="#TOC">Table of Contents</a></font></div>
</div>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"><br></font></p>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 0cm 0cm 0.0001pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font lang="PT-BR" style="color: #000000; font-family: 'times new roman', times; font-size: 10pt;">Ultrapar&nbsp;Participa&#231;&#245;es&nbsp;S.A. and Subsidiaries</font></p>
<p style="margin: 0cm 0cm 0.0001pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font lang="PT-BR" style="color: #000000; font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0cm 0cm 0.0001pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font lang="EN-US" style="color: #000000; font-family: 'times new roman', times; font-size: 10pt;">Notes to the <font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Parent's Separate</font> and Consolidated Interim Financial Information</font></p>
<p style="margin: 0cm 0cm 0.0001pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font lang="EN-US" style="color: #000000; font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0cm 0cm 0.0001pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"><font lang="EN-US" style="color: #000000; font-family: 'times new roman', times;">(In thousands of Brazilian&nbsp;Reais, unless otherwise stated)</font><font style="font-family: 'Times New Roman';">&nbsp;<br><br></font></font></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Balance and changes in </font><font style="font-family: 'Times New Roman';">cumulative translation adjustments</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">of the Company </font><font style="font-family: 'Times New Roman';">are as follows:</font><font style="font-family: 'Times New Roman';">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 95px; width: 100%;" width="100%">

<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 358.55pt; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 8pt; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 58.7pt; height: 17px;">
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">06/30/2020</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 358.55pt; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Balance as of December 31, 2019</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 8pt; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 58.7pt; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">102,427</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 358.55pt; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Currency translation of foreign subsidiaries</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 8pt; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 58.7pt; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">226,742</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 358.55pt; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Effect of foreign currency exchange rate variation on financial instruments</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 8pt; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 58.7pt; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(137,304)</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 358.55pt; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">IRPJ and CSLL on exchange variation</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 8pt; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 58.7pt; border-bottom: 1pt solid #000000; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">46,684</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 358.55pt; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Balance as of June 30, 2020</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 8pt; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 58.7pt; border-bottom: 2.8pt double #000000; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">238,549</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 95px; width: 100%;" width="100%">

<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 358.55pt; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 8pt; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 58.7pt; height: 17px;">
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">06/30/2019</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 358.55pt; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Balance as of December 31, 2018</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 8pt; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 58.7pt; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">65,857</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 358.55pt; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Currency translation of foreign subsidiaries</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 8pt; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 58.7pt; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(8,572)</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 358.55pt; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Effect of foreign currency exchange rate variation on financial instruments</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 8pt; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 58.7pt; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4,069</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 358.55pt; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">IRPJ and CSLL on exchange variation</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 8pt; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 58.7pt; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,383)</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 358.55pt; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Balance as of June 30, 2019</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 8pt; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 58.7pt; border-bottom: 2.8pt double #000000; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">59,971</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt;" width="100%">

<tr style="height: 8pt;">
<td style="vertical-align: top; width: 18pt;">
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">h.</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">&nbsp;</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">&nbsp;</font></font></p>
</td>
<td style="vertical-align: top; width: 407.35pt;">
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">Dividends</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;"> and </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">Allocation of Net Income</font></font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The shareholders are entitled, under the Bylaws, to a minimum annual dividend of 50% of adjusted net income calculated in accordance with Brazilian Corporate Law. The dividends and interest on equity in excess of the obligation established in the Bylaws are recognized in equity until the Shareholders</font><font style="font-family: 'Times New Roman';"> approve them</font><font style="font-family: 'Times New Roman';">. T</font><font style="font-family: 'Times New Roman';">he proposed dividends payable as of December 31, 201</font><font style="font-family: 'Times New Roman';">9</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">in the amount of R</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">$ </font><font style="font-family: 'Times New Roman';">261,470</font><font style="font-family: 'Times New Roman';"> (R $ 0</font><font style="font-family: 'Times New Roman';">.24</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">&#8211;</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">twenty-four </font><font style="font-family: 'Times New Roman';">cents </font><font style="font-family: 'Times New Roman';">of Brazilian Real </font><font style="font-family: 'Times New Roman';">per share), were approved by the Board of Directors on February 19, 2020, and will be paid as of March </font><font style="font-family: 'Times New Roman';">6</font><font style="font-family: 'Times New Roman';">, 20</font><font style="font-family: 'Times New Roman';">20</font><font style="font-family: 'Times New Roman';">.</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Balances and changes in dividends</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">payable are as follows:</font></font></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; text-indent: 0px; width: 100%;" width="100%">

<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 66.054%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 15.8088%; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Parent</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; width: 2.57353%; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 15.4412%; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Consolidated</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 66.054%; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Balance as of December 31, 2019</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 15.8088%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">14,689</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; width: 2.57353%; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 15.4412%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">16,694</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 66.054%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Provisions</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 15.8088%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">261,470</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; width: 2.57353%; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 15.4412%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">264,260</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 66.054%; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Payments</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 15.8088%; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(260,004)</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; width: 2.57353%; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 15.4412%; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(263,059)</font></p>
</td>
</tr>
<tr style="height: 13.5pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 66.054%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Balance as of June 30, 2020</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 15.8088%; border-bottom: 2.8pt double #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">16,155</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; width: 2.57353%; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 15.4412%; border-bottom: 2.8pt double #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">17,895</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">&nbsp;</font><font style="font-family: 'Times New Roman';">&nbsp;</font></font></p>
</div>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>93</font></font></td>
</tr>

</table>
<hr style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><font style="font-size: 10pt;"><a href="#TOC">Table of Contents</a></font></div>
</div>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 0cm 0cm 0.0001pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font lang="PT-BR" style="color: #000000; font-family: 'times new roman', times; font-size: 10pt;">Ultrapar&nbsp;Participa&#231;&#245;es&nbsp;S.A. and Subsidiaries</font></p>
<p style="margin: 0cm 0cm 0.0001pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font lang="PT-BR" style="color: #000000; font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0cm 0cm 0.0001pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font lang="EN-US" style="color: #000000; font-family: 'times new roman', times; font-size: 10pt;">Notes to the&nbsp;<font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Parent's Separate</font> and Consolidated Interim Financial Information</font></p>
<p style="margin: 0cm 0cm 0.0001pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font lang="EN-US" style="color: #000000; font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0cm 0cm 0.0001pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"><font lang="EN-US" style="color: #000000; font-family: 'times new roman', times;">(In thousands of Brazilian&nbsp;Reais, unless otherwise stated)</font><font style="font-family: 'Times New Roman';">&nbsp;</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<h1 style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">26.</font><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: normal; font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman'; font-weight: bold;"> </font><font style="font-family: 'Times New Roman'; font-weight: bold;">Net </font><font style="font-family: 'Times New Roman'; font-weight: bold;">Revenue from Sale and Services (Consolidated)</font></font></h1>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; width: 100%; height: 129px;" width="100%">

<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 66.6667%; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 15.0735%; height: 17px;">
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">06/30/2020</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 3.06372%; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 15.0735%; height: 17px;">
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">06/30/2019</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 66.6667%; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Gross revenue from sale</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 15.0735%; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">39,663,687</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 3.06372%; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 15.0735%; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">44,872,564</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 66.6667%; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Gross revenue from services</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 15.0735%; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">436,021</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 3.06372%; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 15.0735%; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">381,294</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 66.6667%; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Sales taxes</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 15.0735%; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,934,506)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 3.06372%; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 15.0735%; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,881,493)</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 66.6667%; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Discounts and sales returns</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 15.0735%; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(753,010)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 3.06372%; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 15.0735%; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(756,582)</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 66.6667%; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Amortization of contractual assets with customers (see Note 11)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 15.0735%; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(150,854)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 3.06372%; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 15.0735%; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(177,818)</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 66.6667%; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Deferred revenue (see Note 23)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 15.0735%; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,034</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 3.06372%; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 15.0735%; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(6,067)</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 66.6667%; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Net revenue from sales and services</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 15.0735%; border-bottom: 2.8pt double #000000; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">37,263,372</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 3.06372%; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 15.0735%; border-bottom: 2.8pt double #000000; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">42,431,898</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">&nbsp;</font><font style="font-family: 'Times New Roman';">&nbsp;</font></font></p>
<h1 style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">27.</font><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: normal; font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman'; font-weight: bold;">&nbsp;</font><font style="font-family: 'Times New Roman'; font-weight: bold;">Expenses by Nature</font><font style="font-family: 'Times New Roman'; font-weight: bold;"> (Consolidated)</font></font></h1>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The Company presents its expenses by function in the consolidated statement </font><font style="font-family: 'Times New Roman';">of profit or loss </font><font style="font-family: 'Times New Roman';">and presents below its expenses by nature:</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 283px; width: 100%;" width="100%">

<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; text-align: center; border-bottom: 1pt solid #000000; height: 17px;" colspan="3"><font style="color: #000000; font-family: 'Times New Roman'; font-size: 10.6667px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: center; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Parent</font><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom: 1pt solid #000000; text-align: center; height: 17px;" colspan="3"><font style="color: #000000; font-family: 'Times New Roman'; font-size: 10.6667px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: center; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Consolidated</font></td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; text-align: right; height: 17px;"><font style="color: #000000; font-family: 'Times New Roman'; font-size: 10.6667px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">06/30/2020</font></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; text-align: right; height: 17px;"><font style="color: #000000; font-family: 'Times New Roman'; font-size: 10.6667px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">06/30/2019</font></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">06/30/2020</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">06/30/2019</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 43%; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Raw materials and materials for use and consumption</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 12%; text-align: right; height: 17px; background-color: #cceeff;"><font style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">-</font></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 3%; text-align: right; height: 17px; background-color: #cceeff;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 12%; text-align: right; height: 17px; background-color: #cceeff;"><font style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">-</font></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 3%; height: 17px; background-color: #cceeff;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 12%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">34,026,153</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 3%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 12%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">38,858,521</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Personnel expenses</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; text-align: right; height: 17px;">71,298</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; text-align: right; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; text-align: right; height: 17px;">4,236</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,073,013</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,225,145</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Freight and storage</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; text-align: right; height: 17px; background-color: #cceeff;"><font style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">-</font></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; text-align: right; height: 17px; background-color: #cceeff;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; text-align: right; height: 17px; background-color: #cceeff;"><font style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">-</font></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">634,549</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">568,780</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Depreciation and amortization</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; text-align: right; height: 17px;">971</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; text-align: right; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; text-align: right; height: 17px;"><font style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">-</font></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">458,512</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">416,867</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Amortization of right to use assets</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; text-align: right; height: 17px; background-color: #cceeff;">1,854</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; text-align: right; height: 17px; background-color: #cceeff;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; text-align: right; height: 17px; background-color: #cceeff;"><font style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">-</font><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">158,628</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">153,257</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Advertising and marketing</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; text-align: right; height: 17px;">278</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; text-align: right; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; text-align: right; height: 17px;"><font style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">-</font></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">73,705</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">99,322</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Services provided by third parties</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; text-align: right; height: 17px; background-color: #cceeff;">10,033</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; text-align: right; height: 17px; background-color: #cceeff;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; text-align: right; height: 17px; background-color: #cceeff;">6,840</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">150,809</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">153,713</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Other expenses</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; text-align: right; height: 17px;">7,272</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; text-align: right; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; text-align: right; height: 17px;">1,974</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">126,683</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">214,854</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">Allocation of corporate expenses</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; text-align: right; border-bottom: 1pt solid #000000; height: 17px; background-color: #cceeff;"><font style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(91,706)</font></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; text-align: right; height: 17px; background-color: #cceeff;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; text-align: right; border-bottom: 1pt solid #000000; height: 17px; background-color: #cceeff;"><font style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(13,050)</font><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom: 1pt solid #000000; height: 17px; background-color: #cceeff;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom: 1pt solid #000000; height: 17px; background-color: #cceeff;"><br></td>
</tr>
<tr style="height: 18px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Total</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; text-align: right; border-bottom: 2.8pt double #000000; height: 18px;"><font style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">-</font></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; text-align: right; height: 18px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; text-align: right; border-bottom: 2.8pt double #000000; height: 18px;"><font style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">-</font></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">36,702,052</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">41,690,459</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Classified as:</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; text-align: right; height: 17px; background-color: #cceeff;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; text-align: right; height: 17px; background-color: #cceeff;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; text-align: right; height: 17px; background-color: #cceeff;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Cost of products and services sold</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; text-align: right; height: 17px;"><font style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">-</font></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; text-align: right; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; text-align: right; height: 17px;"><font style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">-</font></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">34,802,194</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">39,581,566</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Selling and marketing</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; text-align: right; height: 17px; background-color: #cceeff;"><font style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">-</font><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; text-align: right; height: 17px; background-color: #cceeff;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; text-align: right; height: 17px; background-color: #cceeff;"><font style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">-</font><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 1,196,737</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 1,309,419</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">General and administrative</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; text-align: right; height: 17px; border-bottom: 1pt solid #000000;"><font style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">-</font></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; text-align: right; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; text-align: right; height: 17px; border-bottom: 1pt solid #000000;"><font style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">-</font><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1pt solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">703,121</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1pt solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">799,474</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Total</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; text-align: right; height: 10px; border-bottom: 2.8pt double #000000; background-color: #cceeff;"><font style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">-</font></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; text-align: right; height: 10px; background-color: #cceeff;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; text-align: right; height: 10px; border-bottom: 2.8pt double #000000; background-color: #cceeff;"><font style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">-</font><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom: 2.8pt double #000000; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">36,702,052</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">41,690,459</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">&nbsp;<br></font><font style="font-family: 'Times New Roman'; font-weight: bold;">28.</font><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: normal; font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman'; font-weight: bold;">&nbsp;</font><font style="font-family: 'Times New Roman'; font-weight: bold;">Gain (loss) on Disposal of </font><font style="font-family: 'Times New Roman'; font-weight: bold;">PP&amp;E</font><font style="font-family: 'Times New Roman'; font-weight: bold;"> and Intangibles</font><font style="font-family: 'Times New Roman'; font-weight: bold;"> (Consolidated)</font><font style="font-family: 'Times New Roman'; font-weight: bold;"> </font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The </font><font style="font-family: 'Times New Roman';">gain or loss </font><font style="font-family: 'Times New Roman';">is determined as the difference between the selling price and residual book value of the investment, </font><font style="font-family: 'Times New Roman';">PP&amp;E</font><font style="font-family: 'Times New Roman';">, </font><font style="font-family: 'Times New Roman';">and</font><font style="font-family: 'Times New Roman';"> intangible asset disposed of. </font><font style="font-family: 'Times New Roman';">For the </font><font style="font-family: 'Times New Roman';">six</font><font style="font-family: 'Times New Roman';">-month period ended </font><font style="font-family: 'Times New Roman';">June</font><font style="font-family: 'Times New Roman';"> 3</font><font style="font-family: 'Times New Roman';">0</font><font style="font-family: 'Times New Roman';">, 2020</font><font style="font-family: 'Times New Roman';">, </font><font style="font-family: 'Times New Roman';">the </font><font style="font-family: 'Times New Roman';">gain</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">was </font><font style="font-family: 'Times New Roman';">R</font><font style="font-family: 'Times New Roman';">$</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">20,910</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">(</font><font style="font-family: 'Times New Roman';">loss</font><font style="font-family: 'Times New Roman';"> of R$ </font><font style="font-family: 'Times New Roman';">1,055</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">as of</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">June</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">3</font><font style="font-family: 'Times New Roman';">0</font><font style="font-family: 'Times New Roman';">, 201</font><font style="font-family: 'Times New Roman';">9</font><font style="font-family: 'Times New Roman';">), represented primarily from </font><font style="font-family: 'Times New Roman';">sale o</font><font style="font-family: 'Times New Roman';">f PP&amp;E.</font></font></p>
</div>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';"><br></font></font></p>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>94</font></font></td>
</tr>

</table>
<hr style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><font style="font-size: 10pt;"><a href="#TOC">Table of Contents</a></font></div>
</div>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"><br></font></p>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 0cm 0cm 0.0001pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font lang="PT-BR" style="color: #000000; font-family: 'times new roman', times; font-size: 10pt;">Ultrapar&nbsp;Participa&#231;&#245;es&nbsp;S.A. and Subsidiaries</font></p>
<p style="margin: 0cm 0cm 0.0001pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font lang="PT-BR" style="color: #000000; font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0cm 0cm 0.0001pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font lang="EN-US" style="color: #000000; font-family: 'times new roman', times; font-size: 10pt;">Notes to the <font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Parent's Separate</font> and Consolidated Interim Financial Information</font></p>
<p style="margin: 0cm 0cm 0.0001pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font lang="EN-US" style="color: #000000; font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0cm 0cm 0.0001pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"><font lang="EN-US" style="color: #000000; font-family: 'times new roman', times;">(In thousands of Brazilian&nbsp;Reais, unless otherwise stated)</font><font style="font-family: 'Times New Roman';">&nbsp;<br><br></font><font style="font-family: 'Times New Roman'; font-weight: bold;">29.</font><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: normal; font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman'; font-weight: bold;"> </font><font style="font-family: 'Times New Roman'; font-weight: bold;">Other Operating Income, Net (Consolidated)</font></font></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; height: 130px; width: 100%; text-indent: 0px;" width="100%">

<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 66.0539%; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 15.1961%; height: 17px;">
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">06/30/2020</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; width: 2.81862%; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 15.8088%; height: 17px;">
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">06/30/2019</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 66.0539%; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Commercial partnerships </font><font style="font-family: 'Times New Roman'; vertical-align: super;">(1)</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 15.1961%; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">12,636</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; width: 2.81862%; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 15.8088%; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">24,374</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 66.0539%; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Merchandising </font><font style="font-family: 'Times New Roman'; vertical-align: super;">(2)</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 15.1961%; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">13,837</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; width: 2.81862%; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 15.8088%; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">10,412</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 66.0539%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Loyalty program </font><font style="font-family: 'Times New Roman'; vertical-align: super;">(3)</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 15.1961%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">104</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; width: 2.81862%; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 15.8088%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4,798</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 66.0539%; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Extraordinary tax credits </font><font style="font-family: 'Times New Roman'; vertical-align: super;">(4)</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 15.1961%; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">132,021</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; width: 2.81862%; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 15.8088%; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">50,048</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 66.0539%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Conduct adjustment commitment &#8211; Tequimar </font><font style="font-family: 'Times New Roman'; vertical-align: super;">(5)</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 15.1961%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; width: 2.81862%; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 15.8088%; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(52,539)</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 66.0539%; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Other</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 15.1961%; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,556</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; width: 2.81862%; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 15.8088%; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">9,727</font></p>
</td>
</tr>
<tr style="height: 18px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 66.0539%; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Other operating income, net</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 15.1961%; height: 18px; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">160,154</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; width: 2.81862%; height: 18px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; break-after: avoid; break-inside: avoid; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 15.8088%; height: 18px; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">46,820</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-size: 10pt;"><font style="font-size: 8pt;"><font style="font-family: 'Times New Roman'; vertical-align: super;">(1) </font></font><font style="font-family: 'Times New Roman';">Refers to contracts with service providers and suppliers</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';"> which establish trade agreements </font><font style="font-family: 'Times New Roman';">for</font><font style="font-family: 'Times New Roman';"> convenience stores and gas stations.</font></font></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; vertical-align: super; font-size: 8pt;">(2) </font><font style="font-family: 'Times New Roman';">Refers to contracts with suppliers of convenience stores</font><font style="font-family: 'Times New Roman';">, </font><font style="font-family: 'Times New Roman';">which establish, among other agreements, promotional campaigns.</font></font></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-size: 10pt;"><font style="font-size: 8pt;"><font style="font-family: 'Times New Roman'; vertical-align: super;">(3) </font></font><font style="font-family: 'Times New Roman';">Refers to sales of &#8220;Km de Vantagens&#8221; to partners of the loyalty program. Revenue is recognized at the time that the partners transfer</font><font style="font-family: 'Times New Roman';"> the points to their</font><font style="font-family: 'Times New Roman';"> customers.</font></font></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-size: 10pt;"><font style="font-size: 8pt;"><font style="font-family: 'Times New Roman'; vertical-align: super;">(</font><font style="font-family: 'Times New Roman'; vertical-align: super;">4</font><font style="font-family: 'Times New Roman'; vertical-align: super;">)</font></font><font style="font-family: 'Times New Roman';"> Refers</font><font style="font-family: 'Times New Roman';"> substantially</font><font style="font-family: 'Times New Roman';"> to </font><font style="font-family: 'Times New Roman';">Oxiteno S.A., </font><font style="font-family: 'Times New Roman';">Ipiranga</font><font style="font-family: 'Times New Roman';">, Oleoquimica, EMCA, Tequimar</font><font style="font-family: 'Times New Roman';"> and</font><font style="font-family: 'Times New Roman';"> Ultracargo </font><font style="font-family: 'Times New Roman';">PIS and COFINS </font><font style="font-family: 'Times New Roman';">credits (see Note 7.a.2)</font><font style="font-family: 'Times New Roman';">, and 2019 substantially to Extrafarma and Iconic credits</font><font style="font-family: 'Times New Roman';">.</font></font></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt 0pt 6pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; vertical-align: super; font-size: 8pt;">(5) </font><font style="font-family: 'Times New Roman';">For more information, see Note 22.b.2.4.</font></font></p>
</div>
<p style="margin: 0pt 0pt 6pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';"><br></font></font></p>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>95</font></font></td>
</tr>

</table>
<hr style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><font style="font-size: 10pt;"><a href="#TOC">Table of Contents</a></font></div>
</div>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 0cm 0cm 0.0001pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font lang="PT-BR" style="color: #000000; font-family: 'times new roman', times; font-size: 10pt;">Ultrapar&nbsp;Participa&#231;&#245;es&nbsp;S.A. and Subsidiaries</font></p>
<p style="margin: 0cm 0cm 0.0001pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font lang="PT-BR" style="color: #000000; font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0cm 0cm 0.0001pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font lang="EN-US" style="color: #000000; font-family: 'times new roman', times; font-size: 10pt;">Notes to the <font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Parent's Separate</font> and Consolidated Interim Financial Information</font></p>
<p style="margin: 0cm 0cm 0.0001pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font lang="EN-US" style="color: #000000; font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0cm 0cm 0.0001pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"><font lang="EN-US" style="color: #000000; font-family: 'times new roman', times;">(In thousands of Brazilian&nbsp;Reais, unless otherwise stated)</font><font style="font-family: 'Times New Roman';">&nbsp;</font></font></p>
<p><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;"><br></font></font></p>
<p><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">30. Financial Income (Expense)</font></font></p>
<p><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;"><br></font></font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt;" width="100%">

<tr style="height: 14.15pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 199.85pt;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td colspan="3" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 51.6pt; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Parent</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td colspan="3" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 51.6pt; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Consolidated</font></p>
</td>
</tr>
<tr style="height: 14.15pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 199.85pt;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 51.6pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">06/30/2020</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 51.6pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">06/30/2019</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 51.6pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">06/30/2020</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 51.6pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">06/30/2019</font></p>
</td>
</tr>
<tr style="height: 14.15pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 199.85pt; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Financial income:</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 51.6pt; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 51.6pt; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 51.6pt; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7pt; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 51.6pt; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 14.15pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 199.85pt;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Interest on financial investments</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 51.6pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">23,723</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 51.6pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">44,660</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 51.6pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">84,692</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 51.6pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">165,057</font></p>
</td>
</tr>
<tr style="height: 14.15pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 199.85pt; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Interest from customers</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 51.6pt; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 51.6pt; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 51.6pt; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">60,616</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 51.6pt; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">71,315</font></p>
</td>
</tr>
<tr style="height: 14.15pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 199.85pt;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Changes in subscription warranty &#8211; indemnification (see Note 24)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 51.6pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">8,010</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 51.6pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">31,679</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 51.6pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">8,010</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 51.6pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">31,679</font></p>
</td>
</tr>
<tr style="height: 14.15pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 199.85pt; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Selic interest on extraordinary PIS/COFINS credits (see Note 7.a.2)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 51.6pt; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 51.6pt; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 51.6pt; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">77,915</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 51.6pt; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4,896</font></p>
</td>
</tr>
<tr style="height: 14.15pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 199.85pt;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Other financial income</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 51.6pt; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">36</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 51.6pt; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 51.6pt; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,931</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 51.6pt; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,341</font></p>
</td>
</tr>
<tr style="height: 14.15pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 199.85pt; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 51.6pt; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">31,769</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 51.6pt; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">76,339</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 51.6pt; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">235,164</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 51.6pt; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">276,288</font></p>
</td>
</tr>
<tr style="height: 14.15pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 199.85pt;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Financial expenses:</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 51.6pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 51.6pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 51.6pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top-color: #000000; border-top-style: double; border-top-width: 1.5pt; padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 51.6pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 14.15pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 199.85pt; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Interest on loans</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 51.6pt; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(15,001)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 51.6pt; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 51.6pt; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(200,059)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 51.6pt; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(167,192)</font></p>
</td>
</tr>
<tr style="height: 14.15pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 199.85pt;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Interest on debentures</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 51.6pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(33,108)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 51.6pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(57,640)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 51.6pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(142,625)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 51.6pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(277,086)</font></p>
</td>
</tr>
<tr style="height: 14.15pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 199.85pt; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Interest on leases payable</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 51.6pt; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(2,584)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 51.6pt; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 51.6pt; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(69,649)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 51.6pt; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(49,520)</font></p>
</td>
</tr>
<tr style="height: 14.15pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 199.85pt;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Bank charges, financial transactions tax, and other charges</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 51.6pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(940)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 51.6pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,823)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 51.6pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(39,197)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 51.6pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(33,314)</font></p>
</td>
</tr>
<tr style="height: 14.15pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 199.85pt; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Exchange variation, net of gains and losses with derivative financial instruments</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 51.6pt; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 51.6pt; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 51.6pt; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(30,628)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 51.6pt; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">147,405</font></p>
</td>
</tr>
<tr style="height: 14.15pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 199.85pt;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Interest of provisions, net, and other financial</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 51.6pt; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 51.6pt; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 51.6pt; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(964)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 51.6pt; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">12,071</font></p>
</td>
</tr>
<tr style="height: 14.15pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 199.85pt; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 51.6pt; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(51,633)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 51.6pt; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(59,463)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 51.6pt; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(483,122)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 51.6pt; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(367,636)</font></p>
</td>
</tr>
<tr style="height: 14.15pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 199.85pt;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Financial income (expense)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 51.6pt; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(19,864)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 51.6pt; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">16,876</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 51.6pt; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(247,958)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7pt;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 51.6pt; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(91,348)</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</div>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>96</font></font></td>
</tr>

</table>
<hr style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><font style="font-size: 10pt;"><a href="#TOC">Table of Contents</a></font></div>
</div>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"><br></font></p>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 0cm 0cm 0.0001pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font lang="PT-BR" style="color: #000000; font-family: 'times new roman', times; font-size: 10pt;">Ultrapar&nbsp;Participa&#231;&#245;es&nbsp;S.A. and Subsidiaries</font></p>
<p style="margin: 0cm 0cm 0.0001pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font lang="PT-BR" style="color: #000000; font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0cm 0cm 0.0001pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font lang="EN-US" style="color: #000000; font-family: 'times new roman', times; font-size: 10pt;">Notes to the Parent's Separate and Consolidated Interim Financial Information</font></p>
<p style="margin: 0cm 0cm 0.0001pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font lang="EN-US" style="color: #000000; font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0cm 0cm 0.0001pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"><font lang="EN-US" style="color: #000000; font-family: 'times new roman', times;">(In thousands of Brazilian&nbsp;Reais, unless otherwise stated)</font><font style="font-family: 'Times New Roman';">&nbsp;<br><br></font><font style="font-family: 'Times New Roman'; font-weight: bold;">31.</font><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: normal; font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman'; font-weight: bold;"> </font><font style="font-family: 'Times New Roman'; font-weight: bold;">Earnings per Share (Parent and Consolidated)</font></font></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The table below presents a reconciliation of numerators and denominators used in computing earnings per share. The Company has a deferred stock plan</font><font style="font-family: 'Times New Roman';"> and subscription warrants - indemnification</font><font style="font-family: 'Times New Roman';">, as mentioned in Notes 8.c</font><font style="font-family: 'Times New Roman';"> and 2</font><font style="font-family: 'Times New Roman';">4</font><font style="font-family: 'Times New Roman';">, respectively.</font></font></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 256px; width: 100%;" width="100%">

<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 304.05pt; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 58.2pt; height: 17px;">
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">06/30/2020</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.1pt; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 58.2pt; height: 17px;">
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">06/30/2019</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 304.05pt; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Basic Earnings per Share</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 58.2pt; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7.1pt; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 58.2pt; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 304.05pt; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Net income for the period of the Company</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 58.2pt; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">201,925</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7.1pt; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 58.2pt; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">342,262</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 304.05pt; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Weighted average shares outstanding (in thousands)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 58.2pt; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,088,217</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7.1pt; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 58.2pt; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,084,367</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 304.05pt; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Basic earnings per share &#8211; R$</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 58.2pt; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">0.1856</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7.1pt; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 58.2pt; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">0.3156</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 304.05pt; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Diluted Earnings per Share</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 58.2pt; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.1pt; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 58.2pt; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 304.05pt; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Net income for the period of the Company</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 58.2pt; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">201,925</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7.1pt; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 58.2pt; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">342,262</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 304.05pt; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Weighted average shares outstanding (in thousands), including dilution effects</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 58.2pt; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,094,700</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7.1pt; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 58.2pt; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,090,553</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 304.05pt; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Diluted earnings per share &#8211; R$</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 58.2pt; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">0.1845</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.1pt; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 58.2pt; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">0.3138</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 304.05pt; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Weighted Average Shares Outstanding (in thousands)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 58.2pt; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.1pt; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 58.2pt; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 304.05pt; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Weighted average shares outstanding for basic per share </font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 58.2pt; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,088,217</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7.1pt; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 58.2pt; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,084,367</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 304.05pt; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Dilution effect</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 58.2pt; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 7.1pt; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 58.2pt; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 304.05pt; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;&nbsp;&nbsp;&nbsp; Subscription warrants - indemnification</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 58.2pt; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,774</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.1pt; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 58.2pt; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,774</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 304.05pt; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;&nbsp;&nbsp;&nbsp; Deferred Stock Plan</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 58.2pt; background-color: #cceeff; border-bottom: 1pt solid #000000; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,709</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.1pt; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 58.2pt; background-color: #cceeff; border-bottom: 1pt solid #000000; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,412</font></p>
</td>
</tr>
<tr style="height: 18px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 304.05pt; height: 18px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Weighted average shares outstanding for diluted per share </font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 58.2pt; border-bottom: 2.8pt double #000000; height: 18px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,094,700</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 7.1pt; height: 18px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 58.2pt; border-bottom: 2.8pt double #000000; height: 18px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,090,553</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Earnings per share were adjusted retrospectively </font><font style="font-family: 'Times New Roman';">by the </font><font style="font-family: 'Times New Roman';">issue of 2,108,542</font><font style="font-family: 'Times New Roman';"> common shares due to the partial exercise of the rights conferred by the subscription warrants disclosed in note </font><font style="font-family: 'Times New Roman';">24</font><font style="font-family: 'Times New Roman';">.</font></font></p>
</div>
</div><div style="font-family: 'times new roman', times; font-size: 10pt;">
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-weight: bold;"><font style="font-family: 'Times New Roman';"><br></font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-weight: bold;"><font style="font-family: 'Times New Roman';">32. Segment Information</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-weight: bold;"><font style="font-family: 'Times New Roman';"><br></font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The Company operates </font><font style="font-family: 'Times New Roman';">five </font><font style="font-family: 'Times New Roman';">main business segments: gas distribution, fuel distribution, chemicals,</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">storage</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">and </font><font style="font-family: 'Times New Roman';">drugstores</font><font style="font-family: 'Times New Roman';">. The gas distribution segment (Ultragaz) distributes LPG to residential, commercial, and industrial consumers, especially in the South, Southeast, and Northeast regions of Brazil. The fuel distribution segment (Ipiranga) operates the distribution and marketing of gasoline, ethanol, diesel, fuel oil, kerosene, natural gas for vehicles</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';"> and lubricants and related activities throughout all the Brazilian territory. The chemicals segment (Oxiteno) produces ethylene oxide and its main derivatives and fatty alcohols, which are raw materials </font><font style="font-family: 'Times New Roman';">used in </font><font style="font-family: 'Times New Roman';">the home and personal care, agrochemical, paints, varnishes, and other industries. The storage segment (Ultracargo) operates liquid bulk terminals, especially in the Southeast and Northeast regions of Brazil</font><font style="font-family: 'Times New Roman';">. T</font><font style="font-family: 'Times New Roman';">he </font><font style="font-family: 'Times New Roman';">drugstores segment</font><font style="font-family: 'Times New Roman';"> (Extrafarma) trade</font><font style="font-family: 'Times New Roman';">s</font><font style="font-family: 'Times New Roman';"> pharmaceutical, hygiene</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';"> and</font><font style="font-family: 'Times New Roman';"> beauty products through </font><font style="font-family: 'Times New Roman';">its </font><font style="font-family: 'Times New Roman';">own </font><font style="font-family: 'Times New Roman';">drugstore chain in the </font><font style="font-family: 'Times New Roman';">North, Northeast and Southeast </font><font style="font-family: 'Times New Roman';">regions </font><font style="font-family: 'Times New Roman';">of the country</font><font style="font-family: 'Times New Roman';">.</font><font style="font-family: 'Times New Roman';"> The segments shown in the </font><font style="font-family: 'Times New Roman';">interim f</font><font style="font-family: 'Times New Roman';">inancial </font><font style="font-family: 'Times New Roman';">information </font><font style="font-family: 'Times New Roman';">are strategic business units supplying different products and services. Intersegment sales are at prices similar to those that would be charged to third parties.</font></font></p>
</div>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';"><br></font></font></p>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>97</font></font></td>
</tr>

</table>
<hr style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-style: initial; text-decoration-color: initial;"><br></p>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-style: initial; text-decoration-color: initial;">Ultrapar<font style="font-family: 'Times New Roman'; font-size: 10pt; text-align: justify;"><font>&nbsp;</font></font>Participa&#231;&#245;es<font style="font-family: 'Times New Roman'; font-size: 10pt; text-align: justify;"><font>&nbsp;</font>S.A. and Subsidiaries</font><br></p>
<div style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-style: initial; text-decoration-color: initial;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Notes to the <font style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Parent's Separate</font> and Consolidated Interim Financial Information</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(In thousands of Brazilian Reais, unless otherwise stated)</font></p>
</div>
<p style="margin: 0pt; text-align: justify;"><br></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold;">a. Financial information related to segments</font></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The main financial information of each of the Company&#8217;s segments </font><font style="font-family: 'Times New Roman';">are</font><font style="font-family: 'Times New Roman';"> stated as follows:</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 654px; width: 100%;" width="100%">

<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">06/30/2020</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">06/30/2019</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 78%; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Net revenue from sales and services:</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 0%; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 10%; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 2%; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 10%; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ultragaz</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 3,484,878</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 3,412,736</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ipiranga</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 30,249,792</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 35,651,471</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Oxiteno</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 2,308,868</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 2,122,011</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ultracargo</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 318,307</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 252,574</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Extrafarma </font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom: 1pt solid #000000; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 977,430</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom: 1pt solid #000000; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 1,046,146</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 37,339,275</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 42,484,938</font></p>
</td>
</tr>
<tr style="height: 19px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 19px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Other </font><font style="font-family: 'Times New Roman'; vertical-align: super; font-size: 8pt;">(1)</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 19px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 24,431</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 18,881</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Intersegment sales</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; border-bottom: 1pt solid #000000; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(100,334)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; border-bottom: 1pt solid #000000; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(71,921)</font></p>
</td>
</tr>
<tr style="height: 18px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Total</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom: 2.8pt double #000000; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 37,263,372</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom: 2.8pt double #000000; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 42,431,898</font></p>
</td>
</tr>
<tr style="height: 18px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 18px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Intersegment sales:</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 18px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ultragaz</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 2,226</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 1,824</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ipiranga</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 113</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 332</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Oxiteno</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 7,640</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 12,011</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ultracargo</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 65,735</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 38,919</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 75,714</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 53,086</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Other </font><font style="font-family: 'Times New Roman'; vertical-align: super; font-size: 8pt;">(1)</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 10px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 24,620</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 10px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 18,835</font></p>
</td>
</tr>
<tr style="height: 18px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Total</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom: 2.8pt double #000000; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 100,334</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom: 2.8pt double #000000; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 71,921</font></p>
</td>
</tr>
<tr style="height: 18px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 18px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Net revenue from sales and services, excluding intersegment sales:</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 18px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ultragaz</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 3,482,652</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 3,410,912</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ipiranga</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 30,249,679</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 35,651,139</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Oxiteno</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 2,301,228</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 2,110,000</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ultracargo</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 252,572</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 213,655</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Extrafarma </font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 977,430</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 1,046,146</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 37,263,561</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 42,431,852</font></p>
</td>
</tr>
<tr style="height: 19px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 19px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Other </font><font style="font-family: 'Times New Roman'; vertical-align: super; font-size: 8pt;">(1)</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 19px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.5pt solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(189)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.5pt solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 46</font></p>
</td>
</tr>
<tr style="height: 18px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 18px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Total</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 18px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom: 2.8pt double #000000; background-color: #cceeff; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 37,263,372</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom: 2.8pt double #000000; background-color: #cceeff; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 42,431,898</font></p>
</td>
</tr>
<tr style="height: 18px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Operating income (expense):</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ultragaz</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 238,964</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 118,246</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ipiranga</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 248,190</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 694,752</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Oxiteno</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 158,644</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(22,864)</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ultracargo</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 141,571</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 23,913</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Extrafarma </font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(54,791)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(60,056)</font></p>
</td>
</tr>
<tr style="height: 19px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 19px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Corporation </font><font style="font-family: 'Times New Roman'; vertical-align: super; font-size: 8pt;">(2)</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 19px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 19px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(47,303)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 19px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(34,589)</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 685,275</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 719,402</font></p>
</td>
</tr>
<tr style="height: 19px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 19px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Other </font><font style="font-family: 'Times New Roman'; vertical-align: super; font-size: 8pt;">(1)</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 19px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 19px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 593</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 19px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 2,162</font></p>
</td>
</tr>
<tr style="height: 18px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 18px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Total</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 18px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom: 2.8pt double #000000; background-color: #cceeff; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 685,868</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom: 2.8pt double #000000; background-color: #cceeff; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 721,564</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</div>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>98</font></font></td>
</tr>

</table>
<hr style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"><br></font></p>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-style: initial; text-decoration-color: initial;">Ultrapar<font style="font-family: 'Times New Roman'; font-size: 10pt; text-align: justify;"><font>&nbsp;</font></font>Participa&#231;&#245;es<font style="font-family: 'Times New Roman'; font-size: 10pt; text-align: justify;"><font>&nbsp;</font>S.A. and Subsidiaries</font><br></p>
<div style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-style: initial; text-decoration-color: initial;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Notes to the <font style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Parent's Separate</font> and Consolidated Interim Financial Information</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(In thousands of Brazilian Reais, unless otherwise stated)</font></p>
</div>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 486px; width: 100%;" width="100%">

<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">06/30/2020</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">06/30/2019</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 78%; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Share of profit (loss) of joint-ventures and associates: </font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 0%; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 17px; width: 10%; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 17px; width: 2%; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 17px; width: 10%; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ultragaz</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 36</font></p>
</td>
<td style="vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 7</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ipiranga</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 1,128</font></p>
</td>
<td style="vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(11,999)</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Oxiteno</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 345</font></p>
</td>
<td style="vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 341</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ultracargo</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom: 1pt solid #000000; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 354</font></p>
</td>
<td style="vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom: 1pt solid #000000; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 1,082</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 1,863</font></p>
</td>
<td style="vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(10,569)</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Other </font><font style="font-family: 'Times New Roman'; vertical-align: super; font-size: 8pt;">(3)</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; border-bottom: 1pt solid #000000; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(27,561)</font></p>
</td>
<td style="vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; border-bottom: 1pt solid #000000; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 521</font></p>
</td>
</tr>
<tr style="height: 18px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Total</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(25,698)</font></p>
</td>
<td style="vertical-align: bottom; height: 18px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(10,048)</font></p>
</td>
</tr>
<tr style="background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;"><br></td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Income before financial result, income and social contribution taxes</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">660,170</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">711,516</font></p>
</td>
</tr>
<tr style="height: 20px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 20px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Financial result, net</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 20px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 20px; border-bottom: 1pt solid #000000; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(247,958)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 20px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 20px; border-bottom: 1pt solid #000000; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(91,348)</font></p>
</td>
</tr>
<tr style="height: 18px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Income before income and social contribution taxes</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; border-bottom: 2.8pt double #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">412,212</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; border-bottom: 2.8pt double #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">620,168</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Additions to PP&amp;E and intangible assets (excluding intersegment account balances):</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ultragaz</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 128,721</font></p>
</td>
<td style="vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 92,684</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ipiranga</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 139,395</font></p>
</td>
<td style="vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 145,588</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Oxiteno</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 88,949</font></p>
</td>
<td style="vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 122,531</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ultracargo</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 47,123</font></p>
</td>
<td style="vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 80,637</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Extrafarma </font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom: 1pt solid #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 17,672</font></p>
</td>
<td style="vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom: 1pt solid #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 39,431</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 421,860</font></p>
</td>
<td style="vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 480,871</font></p>
</td>
</tr>
<tr style="height: 19px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 19px;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Other </font><font style="font-family: 'Times New Roman'; vertical-align: super; font-size: 8pt;">(1)</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 19px;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 19px; border-bottom: 1pt solid #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 21,358</font></p>
</td>
<td style="vertical-align: bottom; height: 19px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 19px; border-bottom: 1pt solid #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 4,937</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Total additions to PP&amp;E and intangible assets (see Notes 14 and 15)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 443,218</font></p>
</td>
<td style="vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 485,808</font></p>
</td>
</tr>
<tr style="height: 22px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 22px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Asset retirement obligation &#8211; fuel tanks (see Note 21)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 22px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 22px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(59)</font></p>
</td>
<td style="vertical-align: bottom; height: 22px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 22px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(164)</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Provision for demobilization of machinery and equipment</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(406)</font></p>
</td>
<td style="vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Capitalized borrowing costs</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom: 1pt solid #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(9,659)</font></p>
</td>
<td style="vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom: 1pt solid #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(13,758)</font></p>
</td>
</tr>
<tr style="height: 18px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Total investments in PP&amp;E and intangible assets (cash flow)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 433,094</font></p>
</td>
<td style="vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 471,886</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Addition on contractual assets with customers &#8211; exclusive rights (see Note 11):</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ipiranga</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 231,767</font></p>
</td>
<td style="vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 126,334</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; page-break-after: avoid; page-break-inside: avoid; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ultragaz</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1pt solid #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 4,812</font></p>
</td>
<td style="vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1pt solid #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
</tr>
<tr style="height: 18px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Total</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 236,579</font></p>
</td>
<td style="vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 126,334</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: justify; widows: 0;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</div>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>99</font></font></td>
</tr>

</table>
<hr style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-style: initial; text-decoration-color: initial;"><br></p>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-style: initial; text-decoration-color: initial;">Ultrapar<font style="font-family: 'Times New Roman'; font-size: 10pt; text-align: justify;"><font>&nbsp;</font></font>Participa&#231;&#245;es<font style="font-family: 'Times New Roman'; font-size: 10pt; text-align: justify;"><font>&nbsp;</font>S.A. and Subsidiaries</font><br></p>
<div style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-style: initial; text-decoration-color: initial;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Notes to the <font style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Parent's Separate</font> and Consolidated Interim Financial Information</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(In thousands of Brazilian Reais, unless otherwise stated)</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"><br></font></p>
</div>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 378px; width: 100%;" width="100%">

<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 78%; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 0%; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 10%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">06/30/2020</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 2%; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 10%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">06/30/2019</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Depreciation of PP&amp;E and amortization of intangible assets charges: </font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ultragaz</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 94,202</font></p>
</td>
<td style="vertical-align: middle; height: 10px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 95,266</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ipiranga</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 156,700</font></p>
</td>
<td style="vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 145,839</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Oxiteno</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 126,361</font></p>
</td>
<td style="vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 100,330</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ultracargo</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 30,843</font></p>
</td>
<td style="vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 28,681</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Extrafarma </font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 41,368</font></p>
</td>
<td style="vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 39,185</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 449,474</font></p>
</td>
<td style="vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 409,301</font></p>
</td>
</tr>
<tr style="height: 22px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 22px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Other </font><font style="font-family: 'Times New Roman'; vertical-align: super; font-size: 8pt;">(1)</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 22px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.5pt solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 22px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 9,038</font></p>
</td>
<td style="vertical-align: middle; height: 22px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.5pt solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 22px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 7,566</font></p>
</td>
</tr>
<tr style="height: 18px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Total</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 458,512</font></p>
</td>
<td style="vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 416,867</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Amortization of contractual assets with customers &#8211; exclusive rights (see Note 11):</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ipiranga</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 150,041</font></p>
</td>
<td style="vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 177,818</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ultragaz</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 813</font></p>
</td>
<td style="vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
</tr>
<tr style="height: 18px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Total</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 150,854</font></p>
</td>
<td style="vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 177,818</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Amortization of right to use assets: </font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ultragaz</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 18,609</font></p>
</td>
<td style="vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 15,246</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ipiranga</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 86,655</font></p>
</td>
<td style="vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 82,584</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Oxiteno</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 6,062</font></p>
</td>
<td style="vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 4,591</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ultracargo</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 9,305</font></p>
</td>
<td style="vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 11,812</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Extrafarma </font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 35,950</font></p>
</td>
<td style="vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 39,024</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt 0pt 0pt 20pt; text-indent: 0.75pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 156,581</font></p>
</td>
<td style="vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 153,257</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Other </font><font style="font-family: 'Times New Roman'; vertical-align: super; font-size: 8pt;">(1)</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 2,047</font></p>
</td>
<td style="vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
</tr>
<tr style="height: 18px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Total</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 158,628</font></p>
</td>
<td style="vertical-align: bottom; height: 18px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 153,257</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt;" width="100%">

<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; text-align: right;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">06/30/2020</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; text-align: right;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; text-align: right;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">12/31/2019</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 78%; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Total assets (excluding intersegment account balances):</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 0%; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 10%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 2%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 10%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ultragaz</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 2,910,771</font></p>
</td>
<td style="vertical-align: bottom;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 2,998,623</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ipiranga</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 16,692,688</font></p>
</td>
<td style="vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 16,278,320</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Oxiteno</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 9,020,021</font></p>
</td>
<td style="vertical-align: bottom;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 7,453,476</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ultracargo</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 2,099,258</font></p>
</td>
<td style="vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 1,871,799</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Extrafarma </font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 1,867,221</font></p>
</td>
<td style="vertical-align: bottom;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 2,060,182</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 20pt; text-indent: 0.75pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 20pt; text-indent: 0.75pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 32,589,959</font></p>
</td>
<td style="vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 30,662,400</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Other </font><font style="font-family: 'Times New Roman'; vertical-align: super; font-size: 8pt;">(1)</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 1,498,258</font></p>
</td>
<td style="vertical-align: bottom;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 533,072</font></p>
</td>
</tr>
<tr style="height: 13.5pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Total</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 34,088,217</font></p>
</td>
<td style="vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 31,195,472</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><sub><font style="font-family: 'Times New Roman'; vertical-align: super;">(</font><font style="font-family: 'Times New Roman'; vertical-align: super;">1</font><font style="font-family: 'Times New Roman'; vertical-align: super;">)</font></sub><font style="font-family: 'Times New Roman'; vertical-align: super;"> </font><font style="font-family: 'Times New Roman';">Composed</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">of</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">the</font><font style="font-family: 'Times New Roman';"> parent </font><font style="font-family: 'Times New Roman';">company Ultrapar</font><font style="font-family: 'Times New Roman';"> (including</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">goodwill</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">of</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">certain</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">acquisitions</font><font style="font-family: 'Times New Roman';">)</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">and Subsidiaries</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">Serma - Associa&#231;&#227;o dos Usu&#225;rios de Equipamentos de Processamento de Dados e Servi&#231;os Correlatos (&#8220;</font><font style="font-family: 'Times New Roman';">Serma</font><font style="font-family: 'Times New Roman';">&#8221;)</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">and</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">Imaven Im&#243;veis Ltda</font><font style="font-family: 'Times New Roman';">.</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt;"><sub><font style="font-family: 'Times New Roman'; vertical-align: super;">(2)</font></sub><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: normal; font-family: 'Times New Roman';">&nbsp; </font><font style="font-family: 'Times New Roman';">Expenses related to Ultrapar&#8217;s holding structure, including the Presidency,</font><font style="font-family: 'Times New Roman';"> CA and CF</font><font style="font-family: 'Times New Roman';">, advisory comittees to the CA and</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">Human Capital </font><font style="font-family: 'Times New Roman';">board </font><font style="font-family: 'Times New Roman';">and </font><font style="font-family: 'Times New Roman';">Risks,</font><font style="font-family: 'Times New Roman';"> Compliance </font><font style="font-family: 'Times New Roman';">and Audit</font><font style="font-family: 'Times New Roman';">.</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; vertical-align: super;">(3)</font><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: normal; font-family: 'Times New Roman';">&nbsp; </font><font style="font-family: 'Times New Roman';">Includes the share of profit (loss) in the joint-ventures ConectCar and RPR.</font></font></p>
</div>
<p style="margin: 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';"><br></font></font></p>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>100</font></font></td>
</tr>

</table>
<hr style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<p style="margin: 0pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';"><br></font></font></p>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-style: initial; text-decoration-color: initial;">Ultrapar<font style="font-family: 'Times New Roman'; font-size: 10pt; text-align: justify;"><font>&nbsp;</font></font>Participa&#231;&#245;es<font style="font-family: 'Times New Roman'; font-size: 10pt; text-align: justify;"><font>&nbsp;</font>S.A. and Subsidiaries</font><br></p>
<div style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-style: initial; text-decoration-color: initial;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Notes to the Parent's Separate and Consolidated Interim Financial Information</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></p>
</div>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">b</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">. </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">Geographic </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">A</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">rea </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">I</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">nformation</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">The fixed and intangible assets of the Company and its subsidiaries are located in Brazil, except those related to Oxiteno&#8217; plants abroad, as shown below:</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 79px; width: 100%;" width="100%">

<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 78%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 10%; border-bottom: 1pt solid #000000; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">06/30/2020</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 2%; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 10%; border-bottom: 1pt solid #000000; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">12/31/2019</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">United States of America</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 1,238,792</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 909,787</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Mexico</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 152,793</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 124,809</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Uruguay</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; border-bottom: 1pt solid #000000; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 97,944</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; border-bottom: 1pt solid #000000; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 74,732</font></p>
</td>
</tr>
<tr style="height: 18px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom: 2.8pt double #000000; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 1,489,529</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom: 2.8pt double #000000; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 1,109,328</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The </font><font style="font-family: 'Times New Roman';">subsidiaries</font><font style="font-family: 'Times New Roman';"> generate revenue from operations in Brazil, </font><font style="font-family: 'Times New Roman';">United Stated of America,</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">Mexico</font><font style="font-family: 'Times New Roman';"> and</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">Uruguay, as well as from exports of products to foreign customers, as disclosed below:</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 207px; width: 100%;" width="100%">

<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">06/30/2020</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">06/30/2019</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; width: 78%; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Net revenue from sale and services:</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; width: 10%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; width: 2%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; width: 10%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 18px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Brazil</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 36,361,460</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 41,730,719</font></p>
</td>
</tr>
<tr style="height: 18px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Mexico</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 115,595</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 116,404</font></p>
</td>
</tr>
<tr style="height: 18px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Uruguay</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 44,179</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 25,950</font></p>
</td>
</tr>
<tr style="height: 18px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Other Latin American countries</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 274,232</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 203,155</font></p>
</td>
</tr>
<tr style="height: 18px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">United States of America and Canada</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 292,373</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 219,275</font></p>
</td>
</tr>
<tr style="height: 18px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Far East</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 49,859</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 40,834</font></p>
</td>
</tr>
<tr style="height: 18px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Europe</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 82,073</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 62,487</font></p>
</td>
</tr>
<tr style="height: 18px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Venezuela</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 1,066</font></p>
</td>
</tr>
<tr style="height: 18px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Other</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 43,601</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 32,008</font></p>
</td>
</tr>
<tr style="height: 18px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Total</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 37,263,372</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"> 42,431,898</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Sales to the foreign market are made substantially by the Oxiteno segment.</font></p>
</div>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"><br></font></p>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>101</font></font></td>
</tr>

</table>
<hr style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
</div><div style="font-family: 'times new roman', times; font-size: 10pt;">
<div>
<div style="width: 8.5in; margin: 0 auto;">
<p style="color: #000000; font-family: 'Times New Roman'; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: -webkit-left; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-style: initial; text-decoration-color: initial; margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;">Ultrapar Participa&#231;&#245;es S.A. and Subsidiaries</p>
<p style="color: #000000; font-family: 'Times New Roman'; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: -webkit-left; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-style: initial; text-decoration-color: initial; margin-top: 10pt; margin-bottom: 0pt; font-size: 10pt;">Notes to the <font style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: -webkit-left; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Parent's Separate</font> and Consolidated Interim Financial Information</p>
<p style="color: #000000; font-family: 'Times New Roman'; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: -webkit-left; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-style: initial; text-decoration-color: initial; margin-top: 10pt; margin-bottom: 0pt; font-size: 10pt;">(In thousands of Brazilian Reais, unless otherwise stated)</p>
<div style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-style: initial; text-decoration-color: initial;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"><br></font></p>
</div>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">33. Risks and Financial Instruments (Consolidated)</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;"><br></font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">a. </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">Risk </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">M</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">anagement and </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">F</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">inancial </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">I</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">nstruments - Governance</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">The main risks to which the Company and its subsidiaries are exposed reflect strategic/operational and economic/financial aspects. Operational/strategic risks (including, but not limited to, demand behavior, competition, technological innovation, and material changes in the industry structure) are addressed by the Company&#8217;s management model. Economic/financial risks primarily reflect default of customers, behavior of macroeconomic variables, such as exchange and interest rates, as well as the characteristics of the financial instruments used by the Company and its subsidiaries and their counterparties. These risks are managed through control policies, specific strategies, and the establishment of limits.</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The Company has a policy for the management of resources, financial instruments</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';"> and risks approved by its </font><font style="font-family: 'Times New Roman';">CA</font><font style="font-family: 'Times New Roman';"> (&#8220;Policy&#8221;). In accordance with the Policy, the main objectives of financial management are to preserve the value and liquidity of financial assets and ensure financial resources for the development of the business, including expansions. The main financial risks considered in the Policy are </font><font style="font-family: 'Times New Roman';">market </font><font style="font-family: 'Times New Roman';">risks </font><font style="font-family: 'Times New Roman';">(</font><font style="font-family: 'Times New Roman';">currencies, interest rates</font><font style="font-family: 'Times New Roman';"> and commodities)</font><font style="font-family: 'Times New Roman';">, liquidity and </font><font style="font-family: 'Times New Roman';">credit. </font><font style="font-family: 'Times New Roman';">The g</font><font style="font-family: 'Times New Roman';">overnance of the management of financial risks follows the segregation of duties below:</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">The execution of the Policy has done by corporate financial board, through its treasury department, with the assistance of the accounting, legal and tax departments.</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The monitoring of compliance of the Policy and possible issues is the responsibility of the Risk and Investment Committee, (&#8220;Committee&#8221;), which is composed of CFO, Treasury Director, Controller and other directors designated by the CFO. The Committee holds quarte</font><font style="font-family: 'Times New Roman';">r</font><font style="font-family: 'Times New Roman';">ly meetings and monitors the risk standards established by the Policy through a monitoring map on a monthly basis.</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Approval of the Policy and the periodic </font><font style="font-family: 'Times New Roman';">assessment</font><font style="font-family: 'Times New Roman';"> of Company exposure to financial risks are subject to the approval of the CAof Ultrapar.</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">The Audit and Risks Committee (&#8220;CAR&#8221;) advises the CA in the assessment of controls, management and exposure of financial risks and revision of Policy. The Risk, Compliance and Audit board monitors of standards compliance of the Policy and reports to the CAR the risks exposure and compliance or noncompliance of the Policy.</font></p>
</div>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

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<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>102</font></font></td>
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</table>
<hr style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-style: initial; text-decoration-color: initial;"><br></p>
<div style="width: 8.5in; margin: 0 auto;">
<p style="color: #000000; font-family: 'Times New Roman'; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: -webkit-left; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-style: initial; text-decoration-color: initial; margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;">Ultrapar Participa&#231;&#245;es S.A. and Subsidiaries</p>
<p style="color: #000000; font-family: 'Times New Roman'; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: -webkit-left; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-style: initial; text-decoration-color: initial; margin-top: 10pt; margin-bottom: 0pt; font-size: 10pt;">Notes to the <font style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: -webkit-left; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Parent's Separate</font> and Consolidated Interim Financial Information</p>
<p style="color: #000000; font-family: 'Times New Roman'; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: -webkit-left; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-style: initial; text-decoration-color: initial; margin-top: 10pt; margin-bottom: 0pt; font-size: 10pt;">(In thousands of Brazilian Reais, unless otherwise stated)</p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="font-size: 11pt; line-height: 115%; margin: 0pt 0pt 10pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">b. </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">Currency </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">R</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">isk</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Most transactions of the Company</font><font style="font-family: 'Times New Roman';">, through </font><font style="font-family: 'Times New Roman';">its subsidiaries</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">are located in Brazil and, therefore, the reference currency for risk management is the Brazilian Real. Currency risk management is guided by neutrality of currency exposures and considers the risks of the Company and its subsidiaries and their exposure to changes in exchange rates. The Company considers as its main currency exposures the</font><font style="font-family: 'Times New Roman';"> changes in</font><font style="font-family: 'Times New Roman';"> assets and liabilities in foreign currency.</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The Company and its subsidiaries use exchange rate hedging instruments (especially between the Brazilian Real and the U.S. dollar) available in the financial market to protect their assets, liabilities, receipts</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';"> and disbursements in foreign currency</font><font style="font-family: 'Times New Roman';"> and net investment</font><font style="font-family: 'Times New Roman';">s</font><font style="font-family: 'Times New Roman';"> in foreign operation</font><font style="font-family: 'Times New Roman';">s</font><font style="font-family: 'Times New Roman';">.</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">Hedge is used </font><font style="font-family: 'Times New Roman';">in order to reduce the effects of changes in exchange rates on </font><font style="font-family: 'Times New Roman';">the Company&#180;s income </font><font style="font-family: 'Times New Roman';">and cash flows in Brazilian Reais within the exposure limits under its Policy. Such foreign exchange hedging instruments have amounts, periods, and rates substantially equivalent to those of assets, liabilities, receipts</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';"> and disbursements in foreign currenc</font><font style="font-family: 'Times New Roman';">ies</font><font style="font-family: 'Times New Roman';"> to which they are related. </font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Assets and liabilities in foreign currencies are stated below, translated into Brazilian Reais:</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">b.1 </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">Assets and </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">L</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">iabilities in </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">F</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">oreign </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">C</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">urrencies</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 2.4pt; font-family: 'times new roman'; font-size: 10pt; height: 249px; width: 100%;" width="100%">

<tr style="height: 18px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">06/30/2020</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">12/31/2019</font></p>
</td>
</tr>
<tr style="height: 18px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 78%; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Assets in foreign currency</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 10%; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 2%; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 10%; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 18px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Cash, cash equivalents and financial investments in foreign currency (except hedging instruments)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">966,597</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">455,620</font></p>
</td>
</tr>
<tr style="height: 18px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Foreign trade receivables, net of allowance for doubtful accounts and advances to foreign customers</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">343,735</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">213,544</font></p>
</td>
</tr>
<tr style="height: 13px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 13px;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Other assets</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1pt solid #000000; height: 13px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,802,468</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 13px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1pt solid #000000; height: 13px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,445,022</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,112,800</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,114,186</font></p>
</td>
</tr>
<tr style="height: 18px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Liabilities in foreign currency</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 18px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Financing in foreign currency, gross of transaction costs and discount</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(8,868,961)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(6,895,052)</font></p>
</td>
</tr>
<tr style="height: 18px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Payables arising from imports, net of advances to foreign suppliers</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1pt solid #000000; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(698,104)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1pt solid #000000; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(344,523)</font></p>
</td>
</tr>
<tr style="height: 18px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(9,567,065)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(7,239,575)</font></p>
</td>
</tr>
<tr style="height: 18px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Foreign currency hedging instruments</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1pt solid #000000; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4,269,931</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1pt solid #000000; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,636,418</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 18px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Net liability position &#8211; Total</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(2,184,334)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,488,971)</font></p>
</td>
</tr>
<tr style="height: 18px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Net asset (liability) position &#8211; Income statement effect</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">208,276</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">452,178</font></p>
</td>
</tr>
<tr style="height: 18px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Net liability position &#8211; Equity effect</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(2,392,610)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,941,149)</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</div>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>103</font></font></td>
</tr>

</table>
<hr style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-style: initial; text-decoration-color: initial;"><br></p>
<div style="width: 8.5in; margin: 0 auto;">
<p style="color: #000000; font-family: 'Times New Roman'; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: -webkit-left; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-style: initial; text-decoration-color: initial; margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;">Ultrapar Participa&#231;&#245;es S.A. and Subsidiaries</p>
<p style="color: #000000; font-family: 'Times New Roman'; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: -webkit-left; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-style: initial; text-decoration-color: initial; margin-top: 10pt; margin-bottom: 0pt; font-size: 10pt;">Notes to the <font style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: -webkit-left; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Parent's Separate</font> and Consolidated Interim Financial Information</p>
<p style="color: #000000; font-family: 'Times New Roman'; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: -webkit-left; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-style: initial; text-decoration-color: initial; margin-top: 10pt; margin-bottom: 0pt; font-size: 10pt;">(In thousands of Brazilian Reais, unless otherwise stated)</p>
<p style="margin: 0pt; page-break-after: avoid; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;"><br></font></font></p>
<p style="margin: 0pt; page-break-after: avoid; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">b.2 </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">Sensitivity </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">A</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">nalysis of </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">A</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">ssets and </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">L</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">iabilities in </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">F</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">oreign </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">C</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">urrency</font></font></p>
<p style="margin: 0pt; page-break-after: avoid; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; page-break-after: avoid; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Scenarios I, II and III were</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">based on </font><font style="font-family: 'Times New Roman';">10%, 25% and 50% variations, respectively, applied </font><font style="font-family: 'Times New Roman';">on</font><font style="font-family: 'Times New Roman';"> the net position of the Company exposed to the currency risk, simulating the effects of appreciation and devaluation of the Real in the income statement and the equity</font><font style="font-family: 'Times New Roman';">:</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The table below shows</font><font style="font-family: 'Times New Roman';">, in </font><font style="font-family: 'Times New Roman';">the </font><font style="font-family: 'Times New Roman';">three scenarios,</font><font style="font-family: 'Times New Roman';"> the effect</font><font style="font-family: 'Times New Roman';">s</font><font style="font-family: 'Times New Roman';"> of exchange rate changes</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">o</font><font style="font-family: 'Times New Roman';">n</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">the net </font><font style="font-family: 'Times New Roman';">liability</font><font style="font-family: 'Times New Roman';"> position</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">of R$ </font><font style="font-family: 'Times New Roman';">2,</font><font style="font-family: 'Times New Roman';">184,334</font><font style="font-family: 'Times New Roman';"> in foreign currency</font><font style="font-family: 'Times New Roman';"> as of </font><font style="font-family: 'Times New Roman';">June</font><font style="font-family: 'Times New Roman';"> 3</font><font style="font-family: 'Times New Roman';">0</font><font style="font-family: 'Times New Roman';">, 20</font><font style="font-family: 'Times New Roman';">20</font><font style="font-family: 'Times New Roman';">:</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 123px; width: 99.8366%;" width="100%">

<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 54.0541%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 10.0737%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Risk</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.9656%; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 9.95086%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Scenario I</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.9656%; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 9.95086%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Scenario II</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.9656%; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 9.95086%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Scenario III</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 54.0541%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 10.0737%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.9656%; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 9.95086%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Likely</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.9656%; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 9.95086%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">25%</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.9656%; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 9.95086%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">50%</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 54.0541%; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1) Income statement effect</font></p>
</td>
<td rowspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 27px; width: 10.0737%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Real devaluation</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.9656%; height: 17px; background-color: #cceeff;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 9.95086%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">20,828</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.9656%; height: 17px; background-color: #cceeff;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 9.95086%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">52,069</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.9656%; height: 17px; background-color: #cceeff;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 9.95086%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">104,138</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; width: 54.0541%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(2) Equity effect</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.9656%; height: 10px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; width: 9.95086%; border-bottom: 1pt solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(239,261)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.9656%; height: 10px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; width: 9.95086%; border-bottom: 1pt solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(598,153)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.9656%; height: 10px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; width: 9.95086%; border-bottom: 1pt solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,196,305)</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; width: 54.0541%; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;&nbsp; (1) + (2)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; width: 10.0737%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Net effect</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.9656%; height: 10px; background-color: #cceeff;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; border-bottom: 2.8pt double #000000; width: 9.95086%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(218,433)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.9656%; height: 10px; background-color: #cceeff;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; border-bottom: 2.8pt double #000000; width: 9.95086%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(546,084)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.9656%; height: 10px; background-color: #cceeff;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; border-bottom: 2.8pt double #000000; width: 9.95086%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,092,167)</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 54.0541%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(3) Income statement effect</font></p>
</td>
<td rowspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 34px; width: 10.0737%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Real appreciation</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.9656%; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 9.95086%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(20,828)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.9656%; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 9.95086%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(52,069)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.9656%; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 9.95086%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(104,138)</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 54.0541%; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(4) Equity effect</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.9656%; height: 17px; background-color: #cceeff;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 9.95086%; border-bottom: 1pt solid #000000; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">239,261</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.9656%; height: 17px; background-color: #cceeff;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 9.95086%; border-bottom: 1pt solid #000000; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">598,153</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.9656%; height: 17px; background-color: #cceeff;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 9.95086%; border-bottom: 1pt solid #000000; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,196,305</font></p>
</td>
</tr>
<tr style="height: 18px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; width: 54.0541%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;&nbsp; (3) + (4)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; width: 10.0737%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Net effect</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.9656%; height: 18px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; border-bottom: 2.8pt double #000000; width: 9.95086%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">218,433</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.9656%; height: 18px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; border-bottom: 2.8pt double #000000; width: 9.95086%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">546,084</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 1.9656%; height: 18px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; border-bottom: 2.8pt double #000000; width: 9.95086%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,092,167</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The table below shows, in the three scenarios, the effects of exchange rate changes on the net liability position </font><font style="font-family: 'Times New Roman';">of R$ </font><font style="font-family: 'Times New Roman';">1,488,971 </font><font style="font-family: 'Times New Roman';">in foreign currency as of </font><font style="font-family: 'Times New Roman';">December</font><font style="font-family: 'Times New Roman';"> 3</font><font style="font-family: 'Times New Roman';">1</font><font style="font-family: 'Times New Roman';">, 20</font><font style="font-family: 'Times New Roman';">19</font><font style="font-family: 'Times New Roman';">:</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 151px; width: 99.8366%;" width="100%">

<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Risk</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Scenario I</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Scenario II</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Scenario III</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Likely</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">25%</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">50%</font></p>
</td>
</tr>
<tr style="height: 19px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 19px; width: 54%; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1) Income statement effect</font></p>
</td>
<td rowspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 36px; width: 10%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Real devaluation</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 2%; height: 19px; background-color: #cceeff;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 19px; width: 10%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">45,218</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 2%; height: 19px; background-color: #cceeff;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 19px; width: 10%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">113,045</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 2%; height: 19px; background-color: #cceeff;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 19px; width: 10%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">226,089</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(2) Equity effect</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom: 1pt solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(194,115)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom: 1pt solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(485,287)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom: 1pt solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(970,575)</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;&nbsp; (1) + (2)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Net effect</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(148,897)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(372,242)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(744,486)</font></p>
</td>
</tr>
<tr style="height: 19px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 19px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(3) Income statement effect</font></p>
</td>
<td rowspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 36px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Real appreciation</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 19px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(45,218)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 19px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(113,045)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 19px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 19px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(226,089)</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(4) Equity effect</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom: 1pt solid #000000; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">194,115</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom: 1pt solid #000000; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">485,287</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom: 1pt solid #000000; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">970,575</font></p>
</td>
</tr>
<tr style="height: 18px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;&nbsp; (3) + (4)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Net effect</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; border-bottom: 2.8pt double #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">148,897</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; border-bottom: 2.8pt double #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">372,242</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; border-bottom: 2.8pt double #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">744,486</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The equity effect refer</font><font style="font-family: 'Times New Roman';">s</font><font style="font-family: 'Times New Roman';"> to </font><font style="font-family: 'Times New Roman';">cumulative translation adjustments </font><font style="font-family: 'Times New Roman';">of changes</font><font style="font-family: 'Times New Roman';"> in the exchange rate on equity of foreign subsidiaries (see Note</font><font style="font-family: 'Times New Roman';">s</font><font style="font-family: 'Times New Roman';"> 2.</font><font style="font-family: 'Times New Roman';">s</font><font style="font-family: 'Times New Roman';">.1</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">and </font><font style="font-family: 'Times New Roman';">2</font><font style="font-family: 'Times New Roman';">5</font><font style="font-family: 'Times New Roman';">.</font><font style="font-family: 'Times New Roman';">g</font><font style="font-family: 'Times New Roman';">.2</font><font style="font-family: 'Times New Roman';">)</font><font style="font-family: 'Times New Roman';">, net investments hedge in foreign entities, cash flow hedge of firm commitment and highly probable transaction (see Note 2.c and </font><font style="font-family: 'Times New Roman';">&#8220;h. </font><font style="font-family: 'Times New Roman';">Hedge Accounting</font><font style="font-family: 'Times New Roman';">&#8221;</font><font style="font-family: 'Times New Roman';"> below)</font><font style="font-family: 'Times New Roman';">.</font></font></p>
<p style="font-size: 11pt; line-height: 115%; margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
<p style="font-size: 11pt; line-height: 115%; margin: 0pt 0pt 10pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">c. </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">Interest </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">R</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">ate </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">R</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">isk</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The Company and its subsidiaries adopt policies for borrowing and investing financial resources and for capital cost minimization. The financial investments of the Company and its subsidiaries are primarily held in transactions linked to the DI, as set forth in Note 4. Borrowings primarily relate to financing from Banco do Bra</font><font style="font-family: 'Times New Roman';">s</font><font style="font-family: 'Times New Roman';">il, </font><font style="font-family: 'Times New Roman';">as well as </font><font style="font-family: 'Times New Roman';">debentures and borrowings in foreign currency, as shown in Note 1</font><font style="font-family: 'Times New Roman';">6</font><font style="font-family: 'Times New Roman';">.</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The Company attempts to maintain </font><font style="font-family: 'Times New Roman';">most of </font><font style="font-family: 'Times New Roman';">its financial interest assets and liabilities at floating rates.</font></font></p>
<p style="margin: 0pt; text-align: justify;"><br></p>
</div>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>104</font></font></td>
</tr>

</table>
<hr style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';"><br></font></font></p>
<div style="width: 8.5in; margin: 0 auto;">
<p style="color: #000000; font-family: 'Times New Roman'; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: -webkit-left; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-style: initial; text-decoration-color: initial; margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;">Ultrapar Participa&#231;&#245;es S.A. and Subsidiaries</p>
<p style="color: #000000; font-family: 'Times New Roman'; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: -webkit-left; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-style: initial; text-decoration-color: initial; margin-top: 10pt; margin-bottom: 0pt; font-size: 10pt;">Notes to the <font style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: -webkit-left; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Parent's Separate</font> and Consolidated Interim Financial Information</p>
<p style="color: #000000; font-family: 'Times New Roman'; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: -webkit-left; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-style: initial; text-decoration-color: initial; margin-top: 10pt; margin-bottom: 0pt; font-size: 10pt;">(In thousands of Brazilian Reais, unless otherwise stated)</p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';"><br></font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold;">c.1 Assets and liabilities exposed to floating interest rates</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">T</font><font style="font-family: 'Times New Roman';">he financial assets and liabilities exposed to floating interest rates</font><font style="font-family: 'Times New Roman';"> are demonstrated below:</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 338px; width: 100%;" width="100%">

<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Note</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">06/30/2020</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">12/31/2019</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">DI</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; width: 68%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Cash equivalents</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; width: 10%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4.a</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; width: 10%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,506,924</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; width: 2%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; width: 10%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,780,939</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Financial investments</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4.b</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,417,220</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,610,686</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Asset position of foreign exchange hedging instruments - DI</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">33.g</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">19,323</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Loans and debentures</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">16.a</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(7,459,809)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(6,268,615)</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Liability position of foreign exchange hedging instruments - DI</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">33.g</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(2,717,862)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(3,318,289)</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Liability position of fixed interest instruments + IPCA &#8211; DI</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">33.g</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(908,358)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(821,902)</font></p>
</td>
</tr>
<tr style="height: 18px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Net liability position in DI</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(5,161,885)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(5,997,858)</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">TJLP</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Loans &#8211;TJLP</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">16.a</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(74,266)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(103,945)</font></p>
</td>
</tr>
<tr style="height: 18px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Net liability position in TJLP</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(74,266)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(103,945)</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">LIBOR</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Asset position of foreign exchange hedging instruments - LIBOR</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">33.g</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">818,816</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">850,307</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Loans - LIBOR</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">16.a</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,478,214)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,457,263)</font></p>
</td>
</tr>
<tr style="height: 18px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Net liability position in LIBOR</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(659,398)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(606,956)</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">SELIC</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Loans &#8211; SELIC</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">16.a</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(18,622)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(30,392)</font></p>
</td>
</tr>
<tr style="height: 18px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Net liability position in SELIC</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.5pt solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; border-bottom: 2.8pt double #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(18,622)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.5pt solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; border-bottom: 2.8pt double #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(30,392)</font></p>
</td>
</tr>
<tr style="height: 18px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Total net liability position exposed to floating interest</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.5pt solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(5,914,171)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.5pt solid #000000; padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(6,739,151)</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</div>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>105</font></font></td>
</tr>

</table>
<hr style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-style: initial; text-decoration-color: initial;"><br></p>
<div style="width: 8.5in; margin: 0 auto;">
<p style="color: #000000; font-family: 'Times New Roman'; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: -webkit-left; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-style: initial; text-decoration-color: initial; margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;">Ultrapar Participa&#231;&#245;es S.A. and Subsidiaries</p>
<p style="color: #000000; font-family: 'Times New Roman'; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: -webkit-left; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-style: initial; text-decoration-color: initial; margin-top: 10pt; margin-bottom: 0pt; font-size: 10pt;">Notes to the <font style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: -webkit-left; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Parent's Separate</font> and Consolidated Interim Financial Information</p>
<p style="color: #000000; font-family: 'Times New Roman'; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: -webkit-left; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-style: initial; text-decoration-color: initial; margin-top: 10pt; margin-bottom: 0pt; font-size: 10pt;">(In thousands of Brazilian Reais, unless otherwise stated)</p>
<div style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-style: initial; text-decoration-color: initial;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"><br></font></p>
</div>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">c.</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">2</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;"> </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">Sensitivity </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">A</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">nalysis of </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">F</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">loating </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">I</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">nterest </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">R</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">ate </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">R</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">isk</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">For</font><font style="font-family: 'Times New Roman';"> sensitivity analysis of floating interest rate risk</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">the Company used the accumulated amount of the reference indexes (DI, TJLP, LIBOR, TI</font><font style="font-family: 'Times New Roman';">I</font><font style="font-family: 'Times New Roman';">E and SELIC) as a base scenario. Scenarios I, II and III were </font><font style="font-family: 'Times New Roman';">based on</font><font style="font-family: 'Times New Roman';"> 10%, 25% and 50%</font><font style="font-family: 'Times New Roman';"> variation</font><font style="font-family: 'Times New Roman';">s</font><font style="font-family: 'Times New Roman';">, respectively, </font><font style="font-family: 'Times New Roman';">applied </font><font style="font-family: 'Times New Roman';">in the floating interest rate</font><font style="font-family: 'Times New Roman';"> of the base scenario</font><font style="font-family: 'Times New Roman';">:</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">The tables below show the incremental expenses and income that would be recognized in financial income, due to the effect of floating interest rate changes in different scenarios.</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; width: 99.8365%; height: 209px;" width="100%">

<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td colspan="6" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">06/30/2020</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Risk</font></p>
</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Scenario I</font></p>
</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Scenario II</font></p>
</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Scenario III</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Likely</font></p>
</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">25%</font></p>
</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">50%</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 56%; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; text-decoration: underline;">Exposure of interest rate risk</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 14%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 10%; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 10%; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 10%; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt 0pt 0pt 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Interest effect on cash equivalents and financial </font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Increase in DI</font></p>
</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">8,113</font></p>
</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">20,283</font></p>
</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">40,567</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Interest effect on debt in DI</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Increase in DI</font></p>
</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(12,172)</font></p>
</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(30,430)</font></p>
</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(60,861)</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt 0pt 0pt 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Interest rate hedging instruments (liabilities in DI) effect</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Increase in DI</font></p>
</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(3,873)</font></p>
</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(12,566)</font></p>
</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(27,055)</font></p>
</td>
</tr>
<tr style="height: 18px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Incremental expenses</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(7,932)</font></p>
</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(22,713)</font></p>
</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(47,349)</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt 0pt 0pt 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Interest effect on debt in TJLP</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Increase in TJLP</font></p>
</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(104)</font></p>
</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(260)</font></p>
</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(521)</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Incremental expenses</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(104)</font></p>
</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(260)</font></p>
</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(521)</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt 0pt 0pt 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Foreign exchange hedging instruments (assets in LIBOR) effect</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Increase in LIBOR</font></p>
</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">598</font></p>
</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,495</font></p>
</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,989</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Interest effect on debt in LIBOR</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Increase in LIBOR</font></p>
</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,159)</font></p>
</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(2,897)</font></p>
</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(5,794)</font></p>
</td>
</tr>
<tr style="height: 18px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt 0pt 0pt 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Incremental expenses</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; border-bottom: 2.8pt double #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(561)</font></p>
</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; border-bottom: 2.8pt double #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,402)</font></p>
</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; border-bottom: 2.8pt double #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(2,805)</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Interest effect on debt in SELIC</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Increase in SELIC</font></p>
</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(42)</font></p>
</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(104)</font></p>
</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(208)</font></p>
</td>
</tr>
<tr style="height: 18px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt 0pt 0pt 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Incremental expenses</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; border-bottom: 2.8pt double #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(42)</font></p>
</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; border-bottom: 2.8pt double #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(104)</font></p>
</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; border-bottom: 2.8pt double #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(208)</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: justify; widows: 0;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</div>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>106</font></font></td>
</tr>

</table>
<hr style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-style: initial; text-decoration-color: initial;"><br></p>
<div style="width: 8.5in; margin: 0 auto;">
<p style="color: #000000; font-family: 'Times New Roman'; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: -webkit-left; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-style: initial; text-decoration-color: initial; margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;">Ultrapar Participa&#231;&#245;es S.A. and Subsidiaries</p>
<p style="color: #000000; font-family: 'Times New Roman'; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: -webkit-left; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-style: initial; text-decoration-color: initial; margin-top: 10pt; margin-bottom: 0pt; font-size: 10pt;">Notes to the <font style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: -webkit-left; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Parent's Separate</font> and Consolidated Interim Financial Information</p>
<p style="color: #000000; font-family: 'Times New Roman'; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: -webkit-left; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-style: initial; text-decoration-color: initial; margin-top: 10pt; margin-bottom: 0pt; font-size: 10pt;">(In thousands of Brazilian Reais, unless otherwise stated)<br></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; width: 99.8365%; height: 288px;" width="100%">

<tr>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;" colspan="2"><br></td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;" colspan="5"><br></td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td colspan="5" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">12/31/2019</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Risk</font></p>
</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Scenario I</font></p>
</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Scenario II</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Scenario III</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Likely</font></p>
</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">25%</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">50%</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 56%; background-color: #cceeff;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; text-decoration: underline;">Exposure of interest rate risk</font></p>
</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 14%; background-color: #cceeff;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 10%; background-color: #cceeff;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 10%; background-color: #cceeff;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 10%; background-color: #cceeff;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt 0pt 0pt 10pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Interest effect on cash equivalents and financial </font></p>
</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Increase in DI</font></p>
</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">29,304</font></p>
</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">73,261</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">146,522</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Foreign exchange hedging instruments (assets in DI)</font></p>
</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Increase in DI</font></p>
</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">55</font></p>
</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">137</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">274</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Interest effect on debt in DI</font></p>
</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Increase in DI</font></p>
</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(44,469)</font></p>
</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(111,173)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(222,345)</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Interest rate hedging instruments (liabilities in DI) effect</font></p>
</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Increase in DI</font></p>
</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(39,175)</font></p>
</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(85,571)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(162,897)</font></p>
</td>
</tr>
<tr style="height: 18px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px;">
<p style="margin: 0pt 0pt 0pt 10pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Incremental expenses</font></p>
</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; border-bottom: 2.8pt double #000000;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(54,285)</font></p>
</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; border-bottom: 2.8pt double #000000;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(123,346)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; border-bottom: 2.8pt double #000000;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(238,446)</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Interest effect on debt in TJLP</font></p>
</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Increase in TJLP</font></p>
</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,213)</font></p>
</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(3,033)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(6,065)</font></p>
</td>
</tr>
<tr style="height: 18px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px;">
<p style="margin: 0pt 0pt 0pt 10pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Incremental expenses</font></p>
</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,213)</font></p>
</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(3,033)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(6,065)</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Foreign exchange hedging instruments (assets in LIBOR) effect</font></p>
</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Increase in LIBOR</font></p>
</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,722</font></p>
</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4,305</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">8,609</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt 0pt 0pt 10pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Interest effect on debt in LIBOR</font></p>
</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Increase in LIBOR</font></p>
</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(3,551)</font></p>
</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(8,876)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(17,753)</font></p>
</td>
</tr>
<tr style="height: 18px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Incremental expenses</font></p>
</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,829)</font></p>
</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(4,571)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(9,144)</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt 0pt 0pt 10pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Interest effect on debt in SELIC</font></p>
</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Increase in SELIC</font></p>
</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(251)</font></p>
</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(628)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,257)</font></p>
</td>
</tr>
<tr style="height: 18px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; widows: 0;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Incremental expenses</font></p>
</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: center; widows: 0;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(251)</font></p>
</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(628)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: right; widows: 0;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,257)</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;"><br></font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">d. </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">Credit </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">R</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">isks</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The financial instruments that would expose the Company and its subsidiaries to credit risks of the counterparty are basically represented by cash and bank deposits, financial investments, hedging instruments</font><font style="font-family: 'Times New Roman';"> (see Note 4)</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';"> and trade receivables</font><font style="font-family: 'Times New Roman';"> (see Note 5)</font><font style="font-family: 'Times New Roman';">.</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">d.1 </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">Credit risk of financial institutions </font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Such risk results from the inability of financial institutions to comply with their financial obligations to the Company and its subsidiaries due to insolvency. The Company and its subsidiaries regularly conduct a credit review of the institutions with which they hold cash and cash equivalents, financial investments, and hedging instruments through various methodologies that assess liquidity, solvency, leverage, portfolio quality, etc. Cash and cash equivalents, financial investments, and hedging instruments are held only with institutions with a solid credit history, chosen for safety and soundness. The volume of cash and cash equivalents, financial investments</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';"> and hedging instruments are subject to maximum limits by </font><font style="font-family: 'Times New Roman';">each </font><font style="font-family: 'Times New Roman';">institution and, therefore, require diversification of counterpart</font><font style="font-family: 'Times New Roman';">ies</font><font style="font-family: 'Times New Roman';">.</font></font></p>
</div>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';"><br></font></font></p>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>107</font></font></td>
</tr>

</table>
<hr style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';"><br></font></font></p>
<div style="width: 8.5in; margin: 0 auto;">
<p style="color: #000000; font-family: 'Times New Roman'; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: -webkit-left; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-style: initial; text-decoration-color: initial; margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;">Ultrapar Participa&#231;&#245;es S.A. and Subsidiaries</p>
<p style="color: #000000; font-family: 'Times New Roman'; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: -webkit-left; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-style: initial; text-decoration-color: initial; margin-top: 10pt; margin-bottom: 0pt; font-size: 10pt;">Notes to the <font style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: -webkit-left; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Parent's Separate</font> and Consolidated Interim Financial Information</p>
<p style="color: #000000; font-family: 'Times New Roman'; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: -webkit-left; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-style: initial; text-decoration-color: initial; margin-top: 10pt; margin-bottom: 0pt; font-size: 10pt;">(In thousands of Brazilian Reais, unless otherwise stated)</p>
<div style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-style: initial; text-decoration-color: initial;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"><br></font></p>
</div>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">d.2 </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">Government credit risk</font></font></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The Company's policy allows investments in government securities from countries classified as investment grade AAA or </font><font style="font-family: 'Times New Roman';">a</font><font style="font-family: 'Times New Roman';">aa by specialized credit rating agencies</font><font style="font-family: 'Times New Roman';"> (S&amp;P, Moody&#8217;s and Fitch)</font><font style="font-family: 'Times New Roman';"> and in Brazilian government bonds. The volume of such financial investments is subject to maximum limits by each country and, therefore, requires diversification of counterparties.</font></font></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The credit risk of </font><font style="font-family: 'Times New Roman';">financial institution and government of </font><font style="font-family: 'Times New Roman';">cash, cash equivalents and financial investments is summarized below:</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 120px; width: 100%;" width="100%">

<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td colspan="3" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Fair Value</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px; width: 78%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Counterparty credit rating</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px; width: 0%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px; width: 10%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">06/30/2020</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px; width: 2%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px; width: 10%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">12/31/2019</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">AAA</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">6,744,148</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4,906,077</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">AA</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">107,218</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">331,512</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">A</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,164,012</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">418,020</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">BBB</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">432,145</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">56,488</font></p>
</td>
</tr>
<tr style="height: 18px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Total</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; border-bottom: 2.8pt double #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">8,447,523</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; border-bottom: 2.8pt double #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">5,712,097</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="font-size: 11pt; line-height: 115%; margin: 0pt 0pt 10pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">d.3 </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">Customer credit risk</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The credit policy establishes the analysis of the profile of each new customer</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';"> individually</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';"> regarding their financial condition. The review carried out by the subsidiaries of the Company includes the evaluation of external ratings, when available, </font><font style="font-family: 'Times New Roman';">f</font><font style="font-family: 'Times New Roman';">inancial statements</font><font style="font-family: 'Times New Roman';">, credit bureau information, industry information and, when necessary, bank references. Credit limits are established for each customer and reviewed periodically, in a shorter period the greater the risk, depending on the approval of the responsible area in cases of sales that exceed these limits.<br></font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">In monitoring credit risk, customers are grouped according to their credit characteristics and depending on the business the grouping takes into account, for example, whether they are natural or legal clients, whether they are wholesalers, resellers or final customers, considering also </font><font style="font-family: 'Times New Roman';">the</font><font style="font-family: 'Times New Roman';"> geographic area.</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The </font><font style="font-family: 'Times New Roman';">expected</font><font style="font-family: 'Times New Roman';"> of credit loss</font><font style="font-family: 'Times New Roman';">es</font><font style="font-family: 'Times New Roman';"> are calculated </font><font style="font-family: 'Times New Roman';">by </font><font style="font-family: 'Times New Roman';">the </font><font style="font-family: 'Times New Roman';">expected loss ap</font><font style="font-family: 'Times New Roman';">p</font><font style="font-family: 'Times New Roman';">roach</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">based on the probability of default</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">rates. Loss rates are calculated on the basis of the average probability of a receivable amount to advance through successive stages of default until full write-off</font><font style="font-family: 'Times New Roman';">. The</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">probability of default</font><font style="font-family: 'Times New Roman';"> calculation takes into account a credit risk score for each exposure</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';"> based on data considered to be capable of fores</font><font style="font-family: 'Times New Roman';">eeing</font><font style="font-family: 'Times New Roman';"> the risk of loss (external classifications, audited </font><font style="font-family: 'Times New Roman';">f</font><font style="font-family: 'Times New Roman';">inancial statements</font><font style="font-family: 'Times New Roman';">, cash flow projections, customer information available in the press, for example), with addition of the credit assessment based on experience.</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Such </font><font style="font-family: 'Times New Roman';">credit </font><font style="font-family: 'Times New Roman';">risks are managed by each business unit through specific criteria for acceptance of customers and </font><font style="font-family: 'Times New Roman';">their </font><font style="font-family: 'Times New Roman';">credit rating and are additionally mitigated by </font><font style="font-family: 'Times New Roman';">the </font><font style="font-family: 'Times New Roman';">diversification of sales. No single customer or group accounts for more than 10% of total revenue.</font></font></p>
<p style="margin: 0pt; text-align: justify;"><br></p>
</div>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>108</font></font></td>
</tr>

</table>
<hr style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';"><br></font></font></p>
<div style="width: 8.5in; margin: 0 auto;">
<p style="color: #000000; font-family: 'Times New Roman'; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: -webkit-left; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-style: initial; text-decoration-color: initial; margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;">Ultrapar Participa&#231;&#245;es S.A. and Subsidiaries</p>
<p style="color: #000000; font-family: 'Times New Roman'; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: -webkit-left; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-style: initial; text-decoration-color: initial; margin-top: 10pt; margin-bottom: 0pt; font-size: 10pt;">Notes to the <font style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: -webkit-left; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Parent's Separate</font> and Consolidated Interim Financial Information</p>
<p style="color: #000000; font-family: 'Times New Roman'; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: -webkit-left; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-style: initial; text-decoration-color: initial; margin-top: 10pt; margin-bottom: 0pt; font-size: 10pt;">(In thousands of Brazilian Reais, unless otherwise stated)</p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';"><br></font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The subsidiaries of the Company request guarantees related to trade receivables and other receivables in specific situations to customers, but these guarantees don&#8217;t influence in the calculation of risk of loss. </font><font style="font-family: 'Times New Roman';">The subsidiaries of the Company maintained the following allowance for expected losses on doubtful accounts balances on trade receivables:</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt;" width="100%">

<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; text-align: right;">
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">06/30/2020</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; text-align: right;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; text-align: right;">
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">12/31/2019</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 78%; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ipiranga</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 10%; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">493,690</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 2%; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 10%; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">447,235</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ultragaz</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">110,912</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">94,985</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Oxiteno</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">15,263</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">13,252</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Extrafarma</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">126</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,419</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ultracargo</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,639</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,001</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Total</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom: 2.8pt double #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">621,630</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom: 2.8pt double #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">560,892</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; orphans: 0; page-break-after: avoid; page-break-inside: avoid; text-align: justify; widows: 0;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">The table below presents information about credit risk exposure:</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 157px; width: 100%;" width="100%">

<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 30.0245%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td colspan="5" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom: 1pt solid #000000; width: 34.1911%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">06/30/2020</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 1.96078%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td colspan="5" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 33.701%; border-bottom: 1pt solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">12/31/2019</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; text-align: left; width: 30.0245%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 10.049%; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Weighted average rate of losses</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 2.08333%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 10.049%; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Accounting balance</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; width: 2.08333%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 9.92647%; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Provision for losses</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 1.96078%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 9.92647%; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Weighted average rate of losses</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 1.96078%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 9.92647%; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Accounting balance</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; width: 1.96078%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 9.92647%; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Provision for losses</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 30.0245%; text-align: left; background-color: #cceeff;">
<p style="margin: 0pt; text-align: left;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Current</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 10.049%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1.6%</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 2.08333%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 10.049%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,341,052</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 2.08333%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 9.92647%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">54,157</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 1.96078%; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 9.92647%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1.3%</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 1.96078%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 9.92647%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,843,803</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 1.96078%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 9.92647%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">50,198</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; text-align: left; width: 30.0245%;">
<p style="margin: 0pt; text-align: left;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">less than 30 days</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 10.049%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4.0%</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 2.08333%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 10.049%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">136,794</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 2.08333%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 9.92647%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">5,504</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 1.96078%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 9.92647%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2.1%</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 1.96078%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 9.92647%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">185,612</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 1.96078%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 9.92647%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,975</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; text-align: left; width: 30.0245%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: left;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">31-60 days</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 10.049%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">6.4%</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 2.08333%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 10.049%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">50,323</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 2.08333%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 9.92647%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,200</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 1.96078%; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 9.92647%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">7.1%</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 1.96078%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 9.92647%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">37,801</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 1.96078%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 9.92647%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,688</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; text-align: left; width: 30.0245%;">
<p style="margin: 0pt; text-align: left;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">61-90 days</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 10.049%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">7.4%</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 2.08333%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 10.049%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">52,526</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 2.08333%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 9.92647%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,907</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 1.96078%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 9.92647%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">20.4%</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 1.96078%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 9.92647%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">24,861</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 1.96078%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 9.92647%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">5,062</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; text-align: left; width: 30.0245%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: left;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">91-180 days</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 10.049%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">38.4%</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 2.08333%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 10.049%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">106,887</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 2.08333%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 9.92647%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">41,009</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 1.96078%; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 9.92647%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">41.8%</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 1.96078%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 9.92647%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">91,633</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 1.96078%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 9.92647%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">38,337</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; text-align: left; width: 30.0245%;">
<p style="margin: 0pt; text-align: left;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">more than 180 days</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 10.049%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">56.4%</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 2.08333%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1pt solid #000000; width: 10.049%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">910,341</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 2.08333%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1pt solid #000000; width: 9.92647%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">513,853</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 1.96078%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 9.92647%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">53.1%</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 1.96078%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1pt solid #000000; width: 9.92647%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">867,618</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 1.96078%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1pt solid #000000; width: 9.92647%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">460,632</font></p>
</td>
</tr>
<tr style="height: 18px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; width: 30.0245%; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; width: 10.049%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; width: 2.08333%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; border-bottom: 2.8pt double #000000; width: 10.049%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4,597,923</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; width: 2.08333%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; border-bottom: 2.8pt double #000000; width: 9.92647%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">621,630</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; width: 1.96078%; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; width: 9.92647%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; width: 1.96078%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; border-bottom: 2.8pt double #000000; width: 9.92647%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">5,051,328</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; width: 1.96078%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; border-bottom: 2.8pt double #000000; width: 9.92647%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">560,892</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The </font><font style="font-family: 'Times New Roman';">information about </font><font style="font-family: 'Times New Roman';">expected</font><font style="font-family: 'Times New Roman';"> losses on doubtful accounts balances by geographic area are as follows:</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt;" width="100%">

<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">06/30/2020</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">12/31/2019</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 78%; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Brazil </font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 10%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">610,113</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 2%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 10%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">550,928</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Mexico</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">288</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,123</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Uruguay</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">144</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">267</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Other Latin American countries</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">163</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">561</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">United States of America and Canada</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,244</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">889</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Europe</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">9,584</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">7,075</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Far East</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">20</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Other</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom: 1pt solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">74</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom: 1pt solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">49</font></p>
</td>
</tr>
<tr style="height: 13.5pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">621,630</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">560,892</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">For further information about the allowance for </font><font style="font-family: 'Times New Roman';">expected</font><font style="font-family: 'Times New Roman';"> losses on doubtful accounts, see Notes</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">5.a and 5.b.</font></font></p>
</div>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';"><br></font></font></p>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>109</font></font></td>
</tr>

</table>
<hr style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-style: initial; text-decoration-color: initial;"><br></p>
<div style="width: 8.5in; margin: 0 auto;">
<p style="color: #000000; font-family: 'Times New Roman'; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: -webkit-left; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-style: initial; text-decoration-color: initial; margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;">Ultrapar Participa&#231;&#245;es S.A. and Subsidiaries</p>
<p style="color: #000000; font-family: 'Times New Roman'; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: -webkit-left; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-style: initial; text-decoration-color: initial; margin-top: 10pt; margin-bottom: 0pt; font-size: 10pt;">Notes to the <font style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: -webkit-left; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Parent's Separate</font> and Consolidated Interim Financial Information</p>
<p style="color: #000000; font-family: 'Times New Roman'; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: -webkit-left; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-style: initial; text-decoration-color: initial; margin-top: 10pt; margin-bottom: 0pt; font-size: 10pt;">(In thousands of Brazilian Reais, unless otherwise stated)</p>
<p style="margin: 0pt; text-align: justify;"><br></p>
<p style="font-size: 11pt; line-height: 115%; margin: 0pt 0pt 10pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">e. </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">Liquidity </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">R</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">isk</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">&nbsp;</font><font style="font-family: 'Times New Roman';">The Company and its subsidiaries&#8217; main sources of liquidity derive from (i)</font><font style="font-family: 'Times New Roman';">&nbsp;</font><font style="font-family: 'Times New Roman';">cash, cash equivalents</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';"> and financial investments, (ii)</font><font style="font-family: 'Times New Roman';">&nbsp;</font><font style="font-family: 'Times New Roman';">cash generated from operations and (iii)</font><font style="font-family: 'Times New Roman';">&nbsp;</font><font style="font-family: 'Times New Roman';">financing. The Company and its subsidiaries believe that these sources are sufficient to satisfy their current funding requirements, which include, but are not limited to, working capital, capital expenditures, amortization of debt</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';"> and payment of dividends.</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The Company and its subsidiaries periodically examine opportunities for acquisitions and investments. They consider different types of investments, either directly</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';"> through joint ventures, or </font><font style="font-family: 'Times New Roman';">through </font><font style="font-family: 'Times New Roman';">associated companies, and finance such investments using cash generated from operations, debt financing, through capital increases</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';"> or through a combination of these methods.</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The Company and its subsidiaries believe to have enough working capital </font><font style="font-family: 'Times New Roman';">and sources of financing </font><font style="font-family: 'Times New Roman';">to satisfy their current needs. </font><font style="font-family: 'Times New Roman';">The gross indebtedness due over the next twelve months total</font><font style="font-family: 'Times New Roman';">ed</font><font style="font-family: 'Times New Roman';"> R</font><font style="font-family: 'Times New Roman';">$ </font><font style="font-family: 'Times New Roman';">2,</font><font style="font-family: 'Times New Roman';">813,979</font><font style="font-family: 'Times New Roman';">, including estimated interests on loans</font><font style="font-family: 'Times New Roman';"> (for quantitative information, see Note 1</font><font style="font-family: 'Times New Roman';">6</font><font style="font-family: 'Times New Roman';">.a</font><font style="font-family: 'Times New Roman';">)</font><font style="font-family: 'Times New Roman';">. Furthermore, the investment </font><font style="font-family: 'Times New Roman';">initially </font><font style="font-family: 'Times New Roman';">plan</font><font style="font-family: 'Times New Roman';">ned</font><font style="font-family: 'Times New Roman';"> for </font><font style="font-family: 'Times New Roman';">20</font><font style="font-family: 'Times New Roman';">20</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">total</font><font style="font-family: 'Times New Roman';">ed</font><font style="font-family: 'Times New Roman';"> R$ </font><font style="font-family: 'Times New Roman';">1,7</font><font style="font-family: 'Times New Roman';">71</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">million</font><font style="font-family: 'Times New Roman';"> (see Note 35)</font><font style="font-family: 'Times New Roman';">.</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">Until </font><font style="font-family: 'Times New Roman';">June</font><font style="font-family: 'Times New Roman';"> 3</font><font style="font-family: 'Times New Roman';">0</font><font style="font-family: 'Times New Roman';">, 2020</font><font style="font-family: 'Times New Roman';">, the </font><font style="font-family: 'Times New Roman';">amount of</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">R$ </font><font style="font-family: 'Times New Roman';">700,859</font><font style="font-family: TimesNewRoman;"> had been realized</font><font style="font-family: 'Times New Roman';">. </font><font style="font-family: 'Times New Roman';">On</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">June</font><font style="font-family: 'Times New Roman';"> 3</font><font style="font-family: 'Times New Roman';">0</font><font style="font-family: 'Times New Roman';">, </font><font style="font-family: 'Times New Roman';">20</font><font style="font-family: 'Times New Roman';">20</font><font style="font-family: 'Times New Roman';">, the Company and its subsidiaries had R$ </font><font style="font-family: 'Times New Roman';">6,980,048</font><font style="font-family: 'Times New Roman';"> in cash, cash </font><font style="font-family: 'Times New Roman';">equivalents</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';"> and short-term financial investments (for quantitative information, see Note 4).</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The table below presents a summary of financial liabilities </font><font style="font-family: 'Times New Roman';">as of </font><font style="font-family: 'Times New Roman';">June</font><font style="font-family: 'Times New Roman';"> 3</font><font style="font-family: 'Times New Roman';">0</font><font style="font-family: 'Times New Roman';">, 20</font><font style="font-family: 'Times New Roman';">20</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">by the Company and its subsidiaries, </font><font style="font-family: 'Times New Roman';">listed </font><font style="font-family: 'Times New Roman';">by maturity. The amounts disclosed in this table are the contractual undiscounted cash outflows, and, therefore, these amounts &#8203;&#8203;</font><font style="font-family: 'Times New Roman';">may </font><font style="font-family: 'Times New Roman';">be different from the amounts disclosed on the balance sheet.</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt;" width="100%">

<tr style="height: 11.35pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Financial liabilities</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Total</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Less than 1 year</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Between 1 and 3 years</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Between 3 and 5 years</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">More than 5 years</font></p>
</td>
</tr>
<tr style="height: 11.35pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 50%; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Loans including future contractual interest (1) (2)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 10%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">20,085,737</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 10%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,813,979</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 10%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">7,577,062</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 10%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,290,825</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 10%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">6,403,871</font></p>
</td>
</tr>
<tr style="height: 11.35pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Currency and interest rate hedging instruments (3)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">694,972</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">288,899</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">93,085</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">120,871</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">192,117</font></p>
</td>
</tr>
<tr style="height: 11.35pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Trade payables</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,538,294</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,538,294</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
</tr>
<tr style="height: 11.35pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Leases payable</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,684,648</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">372,753</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,163,279</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">558,684</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">589,932</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 9pt;"><sub><font style="font-family: 'Times New Roman'; vertical-align: super;">(1) </font></sub><font style="font-family: 'Times New Roman';">To calculate the estimated interest on loans some macroeconomic assumptions were used, including averag</font><font style="font-family: 'Times New Roman';">ing</font><font style="font-family: 'Times New Roman';"> for the period</font><font style="font-family: 'Times New Roman';"> the following</font><font style="font-family: 'Times New Roman';">:</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">(i) DI of </font><font style="font-family: 'Times New Roman';">% </font><font style="font-family: 'Times New Roman';">2.11</font><font style="font-family: 'Times New Roman';">%</font><font style="font-family: 'Times New Roman';"> to 202</font><font style="font-family: 'Times New Roman';">0</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">2.46</font><font style="font-family: 'Times New Roman';">% </font><font style="font-family: 'Times New Roman';">to </font><font style="font-family: 'Times New Roman';">202</font><font style="font-family: 'Times New Roman';">1</font><font style="font-family: 'Times New Roman';">, </font><font style="font-family: 'Times New Roman';">3.53</font><font style="font-family: 'Times New Roman';">%</font><font style="font-family: 'Times New Roman';"> to 202</font><font style="font-family: 'Times New Roman';">2</font><font style="font-family: 'Times New Roman';"> and </font><font style="font-family: 'Times New Roman';">4.52</font><font style="font-family: 'Times New Roman';">% </font><font style="font-family: 'Times New Roman';">to</font><font style="font-family: 'Times New Roman';"> 202</font><font style="font-family: 'Times New Roman';">3</font><font style="font-family: 'Times New Roman';">;</font><font style="font-family: 'Times New Roman';"> (ii) exchange rate of the </font><font style="font-family: 'Times New Roman';">R</font><font style="font-family: 'Times New Roman';">eal against the U.S. dollar of </font><font style="font-family: 'Times New Roman';">R$ </font><font style="font-family: 'Times New Roman';">4.9</font><font style="font-family: 'Times New Roman';">5</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">in 2020, R$ </font><font style="font-family: 'Times New Roman';">4.</font><font style="font-family: 'Times New Roman';">5</font><font style="font-family: 'Times New Roman';">0</font><font style="font-family: 'Times New Roman';"> in 2021, R$ </font><font style="font-family: 'Times New Roman';">4.</font><font style="font-family: 'Times New Roman';">15</font><font style="font-family: 'Times New Roman';"> in 2022, R$ </font><font style="font-family: 'Times New Roman';">4.1</font><font style="font-family: 'Times New Roman';">8</font><font style="font-family: 'Times New Roman';"> in 2023, R$ </font><font style="font-family: 'Times New Roman';">4.</font><font style="font-family: 'Times New Roman';">21</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">in 2024, R$ </font><font style="font-family: 'Times New Roman';">4.</font><font style="font-family: 'Times New Roman';">23</font><font style="font-family: 'Times New Roman';"> in 2025</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';"> R$ </font><font style="font-family: 'Times New Roman';">4.</font><font style="font-family: 'Times New Roman';">25</font><font style="font-family: 'Times New Roman';"> in 2026</font><font style="font-family: 'Times New Roman';">, R$ </font><font style="font-family: 'Times New Roman';">4.</font><font style="font-family: 'Times New Roman';">27</font><font style="font-family: 'Times New Roman';"> in 2027, R$ </font><font style="font-family: 'Times New Roman';">4.2</font><font style="font-family: 'Times New Roman';">9</font><font style="font-family: 'Times New Roman';"> in 2028 and R$ </font><font style="font-family: 'Times New Roman';">4.</font><font style="font-family: 'Times New Roman';">31</font><font style="font-family: 'Times New Roman';"> in 2029</font><font style="font-family: 'Times New Roman';">;</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">(iii) TJLP of </font><font style="font-family: 'Times New Roman';">4.9</font><font style="font-family: 'Times New Roman';">1</font><font style="font-family: 'Times New Roman';">%</font><font style="font-family: 'Times New Roman';">;</font><font style="font-family: 'Times New Roman';"> (iv) IGP-M of 5.88</font><font style="font-family: 'Times New Roman';">% in 2020, </font><font style="font-family: 'Times New Roman';">3.</font><font style="font-family: 'Times New Roman';">9</font><font style="font-family: 'Times New Roman';">9</font><font style="font-family: 'Times New Roman';">% in 2021, </font><font style="font-family: 'Times New Roman';">3.</font><font style="font-family: 'Times New Roman';">45</font><font style="font-family: 'Times New Roman';">%</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">in 2022, </font><font style="font-family: 'Times New Roman';">3.</font><font style="font-family: 'Times New Roman';">25</font><font style="font-family: 'Times New Roman';">% </font><font style="font-family: 'Times New Roman';">as</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">from</font><font style="font-family: 'Times New Roman';"> 20</font><font style="font-family: 'Times New Roman';">2</font><font style="font-family: 'Times New Roman';">3</font><font style="font-family: 'Times New Roman';">;</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">(v) IPCA of </font><font style="font-family: 'Times New Roman';">1.8</font><font style="font-family: 'Times New Roman';">%</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">in 2020, </font><font style="font-family: 'Times New Roman';">2.8</font><font style="font-family: 'Times New Roman';">% in 2021, 3.</font><font style="font-family: 'Times New Roman';">0</font><font style="font-family: 'Times New Roman';">% </font><font style="font-family: 'Times New Roman';">as from</font><font style="font-family: 'Times New Roman';"> 2022</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">(source:</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">B3</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';"> B</font><font style="font-family: 'Times New Roman';">ulletin Focus and financial institutions)</font><font style="font-family: 'Times New Roman';">.</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 9pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 9pt;"><sub><font style="font-family: 'Times New Roman'; vertical-align: super;">(2)</font></sub><font style="font-family: 'Times New Roman';"> Includes estimated interest payments on short-term and long-term loans until the payment</font><font style="font-family: 'Times New Roman';"> date</font><font style="font-family: 'Times New Roman';">.</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 9pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 9pt;"><sub><font style="font-family: 'Times New Roman'; vertical-align: super;">(3) </font></sub><font style="font-family: 'Times New Roman';">The currency and interest rate hedging instruments were estimated based on projected U.S dollar futures contracts and the futures curve</font><font style="font-family: 'Times New Roman';">s</font><font style="font-family: 'Times New Roman';"> of DI x Pre</font><font style="font-family: 'Times New Roman';"> and Pre x IPCA</font><font style="font-family: 'Times New Roman';"> contract</font><font style="font-family: 'Times New Roman';">s</font><font style="font-family: 'Times New Roman';"> quoted on </font><font style="font-family: 'Times New Roman';">B3</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">on</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">June</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">3</font><font style="font-family: 'Times New Roman';">0</font><font style="font-family: 'Times New Roman';">, </font><font style="font-family: 'Times New Roman';">2020</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">and on the futures curve of LIBOR (</font><font style="font-family: 'Times New Roman';">ICE - IntercontinentalExchange</font><font style="font-family: 'Times New Roman';">)</font><font style="font-family: 'Times New Roman';"> and </font><font style="font-family: 'Times New Roman'; font-style: italic;">commodities heating oil</font><font style="font-family: 'Times New Roman'; font-style: italic;"> </font><font style="font-family: 'Times New Roman';">contracts</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">and </font><font style="font-family: 'Times New Roman';">RBOB quoted on </font><font style="font-family: 'Times New Roman'; font-style: italic;">New York Mercantile Exchange</font><font style="font-family: 'Times New Roman'; font-style: italic;"> </font><font style="font-family: 'Times New Roman';">(&#8220;NYMEX&#8221;)</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">on</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">June</font><font style="font-family: 'Times New Roman';"> 3</font><font style="font-family: 'Times New Roman';">0</font><font style="font-family: 'Times New Roman';">, </font><font style="font-family: 'Times New Roman';">2020</font><font style="font-family: 'Times New Roman';">. In the table above, only the hedging instruments with negative result</font><font style="font-family: 'Times New Roman';">s</font><font style="font-family: 'Times New Roman';"> at the time of settlement were considered.</font></font></p>
</div>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';"><br></font></font></p>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-style: initial; text-decoration-color: initial;"><br></p>
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<p style="color: #000000; font-family: 'Times New Roman'; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: -webkit-left; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-style: initial; text-decoration-color: initial; margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;">Ultrapar Participa&#231;&#245;es S.A. and Subsidiaries</p>
<p style="color: #000000; font-family: 'Times New Roman'; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: -webkit-left; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-style: initial; text-decoration-color: initial; margin-top: 10pt; margin-bottom: 0pt; font-size: 10pt;">Notes to the <font style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: -webkit-left; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Parent's Separate</font> and Consolidated Interim Financial Information</p>
<p style="color: #000000; font-family: 'Times New Roman'; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: -webkit-left; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-style: initial; text-decoration-color: initial; margin-top: 10pt; margin-bottom: 0pt; font-size: 10pt;">(In thousands of Brazilian Reais, unless otherwise stated)</p>
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<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">f. </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">Capital </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">M</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">anagement</font></font></p>
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<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The Company manages its capital structure based on indicators and benchmarks. The key performance indicators related to the capital structure management are the weighted average cost of capital, net debt / EBITDA, interest coverage</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';"> and indebtedness / equity ratios. Net debt is composed of cash, cash equivalents</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';"> and financial investments (see Note 4) and loans, including debentures (see Note 1</font><font style="font-family: 'Times New Roman';">6</font><font style="font-family: 'Times New Roman';">). The Company can change its capital structure depending on the economic and financial conditions, in order to optimize its financial leverage and capital management. The Company seeks to improve its return on </font><font style="font-family: 'Times New Roman';">invested </font><font style="font-family: 'Times New Roman';">capital by implementing efficient working capital management and a selective investment program.</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">g. </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">Selection and </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">U</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">se of </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">F</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">inancial </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">I</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">nstruments</font></font></p>
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<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">In selecting financial investments and hedging instruments, an analysis is conducted to estimate rates of return, risks involved, liquidity, calculation methodology for the carrying value and fair value, and </font><font style="font-family: 'Times New Roman';">a review is conducted of any </font><font style="font-family: 'Times New Roman';">documentation applicable to the financial instruments. The financial instruments used to manage the financial resources of the Company and its subsidiaries are intended to preserve value and liquidity.</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The Policy contemplates the use of derivative financial instruments only to cover identified risks and in amounts consistent with the risk (limited to 100% of the identified risk). The risks identified in the Policy are described in the above sections and are subject to risk management. In accordance with the Policy, the Company and its subsidiaries can use forward contracts, </font><font style="font-family: 'Times New Roman';">S</font><font style="font-family: 'Times New Roman';">waps, options, and futures contracts to manage identified risks. Leveraged derivative instruments are not permitted. Because the use of derivative financial instruments is limited to the coverage of identified risks, the Company and its subsidiaries use the term &#8220;hedging instruments&#8221; to refer to derivative financial instruments.</font></font></p>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
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<p style="color: #000000; font-family: 'Times New Roman'; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: -webkit-left; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-style: initial; text-decoration-color: initial; margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;">Ultrapar Participa&#231;&#245;es S.A. and Subsidiaries</p>
<p style="color: #000000; font-family: 'Times New Roman'; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: -webkit-left; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-style: initial; text-decoration-color: initial; margin-top: 10pt; margin-bottom: 0pt; font-size: 10pt;">Notes to the <font style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: -webkit-left; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Parent's Separate</font> and Consolidated Interim Financial Information</p>
<p style="color: #000000; font-family: 'Times New Roman'; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: -webkit-left; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-style: initial; text-decoration-color: initial; margin-top: 10pt; margin-bottom: 0pt; font-size: 10pt;">(In thousands of Brazilian Reais, unless otherwise stated)</p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The table below summarizes the position of hedging instruments </font><font style="font-family: 'Times New Roman';">entered </font><font style="font-family: 'Times New Roman';">by the Company and its subsidiaries:</font></font></p>
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<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Product</font></p>
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<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Hedged object</font></p>
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<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Rates agreement</font></p>
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<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">Notional amount </font><font style="font-family: 'Times New Roman'; font-weight: bold; vertical-align: super;">1</font></font></p>
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<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Fair value</font></p>
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<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Assets</font></p>
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</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom: 1pt solid #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">06/30/2020</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom: 1pt solid #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">12/31/2019</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom: 1pt solid #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">06/30/2020</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom: 1pt solid #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">12/31/2019</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 14%; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Foreign exchange swap</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 2%; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 10%; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Debt</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 2%; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 12%; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">USD + 4.54 %</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 12%; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">104.0% DI</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 2%; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 7%; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">nov-23</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 2%; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 8%; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">USD 245,000</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 2%; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 8%; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">USD 245,000</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 1%; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 8%; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">523,254</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 2%; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 8%; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">69,298</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Foreign exchange swap</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Debt</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">USD + LIBOR-3M + 1.11%</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">104.9% DI</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">jul-23</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">USD 150,000</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">USD 150,000</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">288,475</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">74,970</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Interest rate swap</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Debt</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4.57% + IPCA</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">95.8% DI</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">oct-24</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">R$ 806,054</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">R$ 806,054</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">159,960</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">144,123</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Interest rate swap</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Debt</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">6.47%</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">99.9% DI</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">nov-24</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">R$ 90,000</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">R$ 90,000</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,846</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">584</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Zero Cost Collar</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Operating margin</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Put USD 3.86</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Call USD 4.33</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">dec-20</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">USD 195,000</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">USD 60,000</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(215,940)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(121)</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Term</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Firm commitments</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">BRL</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Heating Oil / RBOB</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">jul-20</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">USD 47,421</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(3,962)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">NDF</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Firm commitments</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">BRL</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">USD</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">jul-20</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">USD 45,818</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom: 1pt solid #000000; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,776)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom: 1pt solid #000000; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">753,857</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">288,854</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</div>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>112</font></font></td>
</tr>

</table>
<hr style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"><br></font></p>
<p style="color: #000000; font-family: 'Times New Roman'; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: -webkit-left; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-style: initial; text-decoration-color: initial; margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;">Ultrapar Participa&#231;&#245;es S.A. and Subsidiaries</p>
<p style="color: #000000; font-family: 'Times New Roman'; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: -webkit-left; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-style: initial; text-decoration-color: initial; margin-top: 10pt; margin-bottom: 0pt; font-size: 10pt;">Notes to the <font style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: -webkit-left; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Parent's Separate</font> and Consolidated Interim Financial Information</p>
<p style="color: #000000; font-family: 'Times New Roman'; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: -webkit-left; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-style: initial; text-decoration-color: initial; margin-top: 10pt; margin-bottom: 0pt; font-size: 10pt;">(In thousands of Brazilian Reais, unless otherwise stated)</p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"><br></font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 205px; width: 100%;" width="100%">

<tr style="height: 17px;">
<td colspan="3" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold; text-decoration: underline;">Not designated as hedge accounting</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: top; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 18px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Product</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Hedged object</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td colspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Rates agreement</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Maturity</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td colspan="3" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">Notional amount </font><font style="font-family: 'Times New Roman'; font-weight: bold; vertical-align: super;">1</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td colspan="3" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Fair value</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Assets</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Liabilities</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">06/30/2020</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">12/31/2019</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">06/30/2020</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">12/31/2019</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 14%; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Foreign exchange swap</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 3%; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 10%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Debt</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 2%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 12%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">USD + 0.18%</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 12%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">55.5% DI</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 1%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 7%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">jun-29</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 2%; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 8%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">USD 320,000</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 2%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 8%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">USD 853,000</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 1%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 8%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">542,301</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 2%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 8%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">353,451</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Foreign exchange swap</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Debt</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">LIBOR-3M + 2.0%</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">105.9% DI</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">jun-20</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">USD 60,000</font></p>
</td>
<td style="vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">48,535</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Foreign exchange swap</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Firm commitments</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">USD + 0.00%</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">33.5% DI</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">may-20</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">USD 17,896</font></p>
</td>
<td style="vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(2,203)</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Foreign exchange swap</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Operating margin</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">34.8% DI</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">USD + 0.00%</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">feb-20</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">USD 4,680</font></p>
</td>
<td style="vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">612</font></p>
</td>
</tr>
<tr style="height: 28px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 28px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">NDF</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 28px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 28px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Operating margin</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 28px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 28px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">MXN</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 28px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">USD</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 28px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 28px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">dec-20</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 28px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 28px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">USD 3,000</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 28px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 28px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="vertical-align: bottom; height: 28px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 28px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(626)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 28px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 28px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">NDF</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Firm commitments</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">BRL</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">USD</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">nov-20</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">USD 85,356</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">USD 71,600</font></p>
</td>
<td style="vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">17,153</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,080)</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Term</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Firm commitments</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">BRL</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Heating oil / RBOB</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">may-20</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">USD 56,000</font></p>
</td>
<td style="vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,271)</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">NDF</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Debt</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">BRL</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">USD</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">jul-20</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">USD 10,000</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1pt solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(4,162)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; border-bottom: 1pt solid #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: top; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: top; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">554,666</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">398,044</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 9pt;"><sub><font style="font-family: 'Times New Roman'; vertical-align: super;">(1) </font></sub><font style="font-family: 'Times New Roman';">Currency as indicated.</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">All transactions mentioned above were properly registered with CETIP S.A.</font></p>
<p style="margin: 0pt; text-align: justify;"><br></p>
</div>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>113</font></font></td>
</tr>

</table>
<hr style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<p style="margin: 0pt; text-align: right;"><br></p>
</div>
<div>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ultrapar Participa&#231;&#245;es S.A. and Subsidiaries</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Notes to the <font style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: -webkit-left; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Parent's Separate</font> and Consolidated Interim Financial Information</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(In thousands of Brazilian Reais, unless otherwise stated)</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">h. </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">Hedge </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">A</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">ccounting</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The Company and its subsidiaries </font><font style="font-family: 'Times New Roman';">use derivative and non-derivative financial instruments</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">for hedging purposes and</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">test, throughout the duration of the hedge, the</font><font style="font-family: 'Times New Roman';">ir</font><font style="font-family: 'Times New Roman';"> effectiveness, as well as the changes in their fair value. </font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold;">h.1 Fair value hedge</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The Company and its subsidiaries designate as fair value hedges certain financial instruments used to offset the variations in interest and exchange rates, which are based on the market value of financing contracted in Brazilian Reais and U.S. dollars</font><font style="font-family: 'Times New Roman';">.</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">T</font><font style="font-family: 'Times New Roman';">he foreign exchange hedging instruments designated as fair value hedge</font><font style="font-family: 'Times New Roman';"> are:</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 95px; width: 100%;" width="100%">

<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 78%; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">In thousands, except the DI %</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 10%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">06/30/2020</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 2%; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 10%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">12/31/2019</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Notional amount &#8211; US$</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">395,000</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">395,000</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Result of hedging instruments &#8211; gain/(loss) &#8211; R$</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">672,793</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">79,466</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Fair value adjustment of debt &#8211; R$</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(51,615)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(36,764)</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Financial expense in the statements of profit or loss &#8211; R$</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(615,630)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(130,320)</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Average effective cost &#8211; DI %</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">104.4</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">104.4</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">For more information, see Note 16.c.1.</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The foreign exchange hedging instruments </font><font style="font-family: 'Times New Roman';">and commodities </font><font style="font-family: 'Times New Roman';">des</font><font style="font-family: 'Times New Roman';">ignated as fair value hedge are </font><font style="font-family: 'Times New Roman';">as described below. The purpose of this relationship is to transform the cost of the imported product from fixed to variable until the moment of </font><font style="font-family: 'Times New Roman';">blend </font><font style="font-family: 'Times New Roman';">the fuel, as occurs with the price practiced in its sales. The subsidiary </font><font style="font-family: 'Times New Roman';">Ipiranga realizes</font><font style="font-family: 'Times New Roman';"> these operations with </font><font style="font-family: 'Times New Roman';">over-the-counter </font><font style="font-family: 'Times New Roman';">derivatives</font><font style="font-family: 'Times New Roman';"> that are designated in a hedge accouting relationship, as a fair value hedge in a</font><font style="font-family: 'Times New Roman';">n amount equivalent to the inventories</font><font style="font-family: 'Times New Roman';"> of imported product</font><font style="font-family: 'Times New Roman';">.</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 61px; width: 100%;" width="100%">

<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 78%; height: 17px;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">In thousands, except the DI %</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 10%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">06/30/2020</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 2%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 10%; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">12/31/2019</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Notional amount &#8211; US$</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">93,239</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Result of hedging instruments &#8211; gain/(loss) &#8211; R$</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(30,415)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Fair value adjustment of inventories &#8211; R$</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">15,367</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">T</font><font style="font-family: 'Times New Roman';">he interest </font><font style="font-family: 'Times New Roman';">rate </font><font style="font-family: 'Times New Roman';">hedging instruments designated as fair value hedge</font><font style="font-family: 'Times New Roman';"> are:</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 95px; width: 100%;" width="100%">

<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">In thousands, except the DI %</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">06/30/2020</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">12/31/2019</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; width: 78%; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Notional amount &#8211; US$</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; width: 10%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">806,054</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; width: 2%; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; width: 10%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">806,054</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Result of hedging instruments &#8211; gain/(loss) &#8211; R$</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">15,108</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">72,957</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Fair value adjustment of debt &#8211; R$</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,846</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(76,992)</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Financial expense in the statements of profit or loss &#8211; R$</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(27,007)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(68,054)</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Average effective cost &#8211; DI %</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">95.8</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">95.8</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">For more information, see Note</font><font style="font-family: 'Times New Roman';">s</font><font style="font-family: 'Times New Roman';"> 16.g.2, 16.g.4 and 16.g.6.</font></font></p>
</div>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';"><br></font></font></p>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>114</font></font></td>
</tr>

</table>
<hr style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';"><br></font></font></p>
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<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-style: initial; text-decoration-color: initial;">Ultrapar<font style="font-family: 'Times New Roman'; font-size: 10pt; text-align: justify;"><font>&nbsp;</font></font>Participa&#231;&#245;es<font style="font-family: 'Times New Roman'; font-size: 10pt; text-align: justify;"><font>&nbsp;</font>S.A. and Subsidiaries</font><br></p>
<div style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-style: initial; text-decoration-color: initial;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Notes to the <font style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: -webkit-left; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Parent's Separate</font> and Consolidated Interim Financial Information</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(In thousands of Brazilian Reais, unless otherwise stated)</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"><br></font></p>
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<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">In thousands, except the DI %</font></p>
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<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">06/30/2020</font></p>
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<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
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<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">12/31/2019</font></p>
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<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Notional amount &#8211; US$</font></p>
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<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">90,000</font></p>
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<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
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<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">90,000</font></p>
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<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Result of hedging instruments &#8211; gain/(loss) &#8211; R$</font></p>
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<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,919</font></p>
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<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
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<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">584</font></p>
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<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Fair value adjustment of debt &#8211; R$</font></p>
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<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(3,207)</font></p>
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<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
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<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(208)</font></p>
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<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Financial expense in the statements of profit or loss &#8211; R$</font></p>
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<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(2,794)</font></p>
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<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
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<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(377)</font></p>
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<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Average effective cost &#8211; DI %</font></p>
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<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">99.9</font></p>
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<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
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<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">99.9</font></p>
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<p style="font-size: 11pt; line-height: 115%; margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">For more information, see Note 16.g.7.</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold;">h.2 Cash flow hedge</font></p>
<p style="background-color: #ffffff; margin: 0pt; text-align: justify;"><font style="color: #212121; font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="color: #212121; font-family: 'Times New Roman';">The Company and its subsidiaries designate, as cash flow hedge </font><font style="color: #212121; font-family: 'Times New Roman';">of firm commitment </font><font style="color: #212121; font-family: 'Times New Roman';">and highly probable transactions, derivative financial instruments to </font><font style="color: #212121; font-family: 'Times New Roman';">hedge</font><font style="color: #212121; font-family: 'Times New Roman';"> firm commitments and non-derivative financial instruments to </font><font style="color: #212121; font-family: 'Times New Roman';">hedge</font><font style="color: #212121; font-family: 'Times New Roman';"> highly probable future transactions, to hedge against</font><font style="color: #212121; font-family: 'Times New Roman';"> fluctuations</font><font style="color: #212121; font-family: 'Times New Roman';"> </font><font style="color: #212121; font-family: 'Times New Roman';">arising from </font><font style="color: #212121; font-family: 'Times New Roman';">changes in </font><font style="color: #212121; font-family: 'Times New Roman';">exchange rate.</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="background-color: #ffffff; margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="color: #212121; font-family: 'Times New Roman';">On </font><font style="color: #212121; font-family: 'Times New Roman';">June</font><font style="color: #212121; font-family: 'Times New Roman';"> 3</font><font style="color: #212121; font-family: 'Times New Roman';">0</font><font style="color: #212121; font-family: 'Times New Roman';">, 20</font><font style="color: #212121; font-family: 'Times New Roman';">20</font><font style="color: #212121; font-family: 'Times New Roman';">, </font><font style="color: #212121; font-family: 'Times New Roman';">the notional amount of foreign exchange hedging instruments for highly probable future transactions designated as </font><font style="color: #212121; font-family: 'Times New Roman';">cash flow</font><font style="color: #212121; font-family: 'Times New Roman';"> hedge</font><font style="color: #212121; font-family: 'Times New Roman';">, related to</font><font style="color: #212121; font-family: 'Times New Roman';"> </font><font style="color: #212121; font-family: 'Times New Roman';">notes in the foreign market </font><font style="color: #212121; font-family: 'Times New Roman';">totaled </font><font style="color: #212121; font-family: 'Times New Roman';">US$ </font><font style="color: #212121; font-family: 'Times New Roman';">508,929</font><font style="color: #212121; font-family: 'Times New Roman';"> (US$ </font><font style="font-family: 'Times New Roman';">550,000</font><font style="color: #212121; font-family: 'Times New Roman';"> on December 31, 201</font><font style="color: #212121; font-family: 'Times New Roman';">9</font><font style="color: #212121; font-family: 'Times New Roman';">)</font><font style="color: #212121; font-family: 'Times New Roman';">.</font><font style="color: #212121; font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">On </font><font style="font-family: 'Times New Roman';">June</font><font style="font-family: 'Times New Roman';"> 3</font><font style="font-family: 'Times New Roman';">0</font><font style="font-family: 'Times New Roman';">, 20</font><font style="font-family: 'Times New Roman';">20</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">t</font><font style="color: #212121; font-family: 'Times New Roman';">he</font><font style="color: #212121; font-family: 'Times New Roman';"> </font><font style="color: #212121; font-family: 'Times New Roman';">unrealized </font><font style="color: #212121; font-family: 'Times New Roman';">loss of</font><font style="color: #212121; font-family: 'Times New Roman';"> </font><font style="color: #212121; font-family: 'Times New Roman';">&#8220;</font><font style="color: #212121; font-family: 'Times New Roman';">Other comprehensive income</font><font style="color: #212121; font-family: 'Times New Roman';">&#8221;</font><font style="color: #212121; font-family: 'Times New Roman';"> </font><font style="color: #212121; font-family: 'Times New Roman';">is</font><font style="color: #212121; font-family: 'Times New Roman';"> R$</font><font style="color: #212121; font-family: 'Times New Roman';"> </font><font style="color: #212121; font-family: 'Times New Roman';">462,147</font><font style="color: #212121; font-family: 'Times New Roman';"> </font><font style="color: #212121; font-family: 'Times New Roman';">(loss of R$ </font><font style="font-family: 'Times New Roman';">293,277</font><font style="color: #212121; font-family: 'Times New Roman';"> on December 31, 201</font><font style="color: #212121; font-family: 'Times New Roman';">9</font><font style="color: #212121; font-family: 'Times New Roman';">)</font><font style="color: #212121; font-family: 'Times New Roman';">, net of deferred </font><font style="color: #212121; font-family: 'Times New Roman';">IRPJ and CSLL</font><font style="color: #212121; font-family: 'Times New Roman';">.</font></font></p>
<p style="background-color: #ffffff; margin: 0pt; text-align: justify;"><font style="color: #212121; font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="background-color: #ffffff; margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="color: #212121; font-family: 'Times New Roman';">On </font><font style="color: #212121; font-family: 'Times New Roman';">June</font><font style="color: #212121; font-family: 'Times New Roman';"> 3</font><font style="color: #212121; font-family: 'Times New Roman';">0</font><font style="color: #212121; font-family: 'Times New Roman';">, 20</font><font style="color: #212121; font-family: 'Times New Roman';">20</font><font style="color: #212121; font-family: 'Times New Roman';">, the notional amount of foreign exchange hedging instruments for highly probable future transactions designated as </font><font style="color: #212121; font-family: 'Times New Roman';">cash flow</font><font style="color: #212121; font-family: 'Times New Roman';"> hedge, related to</font><font style="color: #212121; font-family: 'Times New Roman';"> </font><font style="color: #212121; font-family: 'Times New Roman';">future sales revenues of Oxiteno (zero cost collars) totaled </font><font style="color: #212121; font-family: 'Times New Roman';">US$ </font><font style="color: #212121; font-family: 'Times New Roman';">195,000</font><font style="color: #212121; font-family: 'Times New Roman';"> (US$ </font><font style="font-family: 'Times New Roman';">60,000</font><font style="color: #212121; font-family: 'Times New Roman';"> on </font><font style="color: #212121; font-family: 'Times New Roman';">March</font><font style="color: #212121; font-family: 'Times New Roman';"> 31, 20</font><font style="color: #212121; font-family: 'Times New Roman';">19</font><font style="color: #212121; font-family: 'Times New Roman';">)</font><font style="color: #212121; font-family: 'Times New Roman';">.</font><font style="color: #212121; font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">On </font><font style="font-family: 'Times New Roman';">June</font><font style="font-family: 'Times New Roman';"> 3</font><font style="font-family: 'Times New Roman';">0</font><font style="font-family: 'Times New Roman';">, 20</font><font style="font-family: 'Times New Roman';">20</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">t</font><font style="color: #212121; font-family: 'Times New Roman';">he</font><font style="color: #212121; font-family: 'Times New Roman';"> </font><font style="color: #212121; font-family: 'Times New Roman';">unrealized </font><font style="color: #212121; font-family: 'Times New Roman';">loss of</font><font style="color: #212121; font-family: 'Times New Roman';"> </font><font style="color: #212121; font-family: 'Times New Roman';">&#8220;Other comprehensive income&#8221;</font><font style="color: #212121; font-family: 'Times New Roman';"> </font><font style="color: #212121; font-family: 'Times New Roman';">is R$</font><font style="color: #212121; font-family: 'Times New Roman';"> </font><font style="color: #212121; font-family: 'Times New Roman';">15,184</font><font style="color: #212121; font-family: 'Times New Roman';"> (</font><font style="color: #212121; font-family: 'Times New Roman';">loss</font><font style="color: #212121; font-family: 'Times New Roman';"> of R$ </font><font style="color: #212121; font-family: 'Times New Roman';">74</font><font style="color: #212121; font-family: 'Times New Roman';"> on December 31, 201</font><font style="color: #212121; font-family: 'Times New Roman';">9</font><font style="color: #212121; font-family: 'Times New Roman';">)</font><font style="color: #212121; font-family: 'Times New Roman';">, net of deferred </font><font style="color: #212121; font-family: 'Times New Roman';">IRPJ and CSLL</font><font style="color: #212121; font-family: 'Times New Roman';"> and a expense </font><font style="color: #212121; font-family: 'Times New Roman';">in</font><font style="color: #212121; font-family: 'Times New Roman';"> the amount </font><font style="color: #212121; font-family: 'Times New Roman';">of </font><font style="color: #212121; font-family: 'Times New Roman';">R$ </font><font style="color: #212121; font-family: 'Times New Roman';">192,934</font><font style="font-family: 'Times New Roman';"> in </font><font style="font-family: 'Times New Roman';">the </font><font style="font-family: 'Times New Roman';">financial income</font><font style="font-family: 'Times New Roman';">.</font></font></p>
<p style="background-color: #ffffff; margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold;">h.3 Net investment hedge in foreign entities</font></p>
<p style="background-color: #ffffff; margin: 0pt; text-align: justify;"><font style="color: #212121; font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="background-color: #ffffff; margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="color: #212121; font-family: 'Times New Roman';">The Company and its subsidiaries designate, as net investment</font><font style="color: #212121; font-family: 'Times New Roman';"> hedge </font><font style="color: #212121; font-family: 'Times New Roman';">in foreign entities, </font><font style="color: #212121; font-family: 'Times New Roman';">notes in the foreign market</font><font style="color: #212121; font-family: 'Times New Roman';">,</font><font style="color: #212121; font-family: 'Times New Roman';"> </font><font style="color: #212121; font-family: 'Times New Roman';">for hedging net investment in foreign entities,</font><font style="color: #212121; font-family: 'Times New Roman';"> </font><font style="color: #212121; font-family: 'Times New Roman';">to offset </font><font style="color: #212121; font-family: 'Times New Roman';">changes</font><font style="color: #212121; font-family: 'Times New Roman';"> in exchange rates.</font></font></p>
<p style="margin: 0pt; text-align: justify;"><br></p>
<p style="margin: 0pt 0pt 10pt; text-align: justify;"><font style="font-size: 10pt;"><font style="color: #212121; font-family: 'Times New Roman';">On </font><font style="color: #212121; font-family: 'Times New Roman';">June</font><font style="color: #212121; font-family: 'Times New Roman';"> 3</font><font style="color: #212121; font-family: 'Times New Roman';">0</font><font style="color: #212121; font-family: 'Times New Roman';">, 20</font><font style="color: #212121; font-family: 'Times New Roman';">20</font><font style="color: #212121; font-family: 'Times New Roman';">, the balance of </font><font style="color: #212121; font-family: 'Times New Roman';">foreign </font><font style="color: #212121; font-family: 'Times New Roman';">exchange hedging instruments designated as net investments </font><font style="color: #212121; font-family: 'Times New Roman';">hedge </font><font style="color: #212121; font-family: 'Times New Roman';">in foreign entities, related to </font><font style="color: #212121; font-family: 'Times New Roman';">part of </font><font style="color: #212121; font-family: 'Times New Roman';">the investments made in entities </font><font style="color: #212121; font-family: 'Times New Roman';">which</font><font style="color: #212121; font-family: 'Times New Roman';"> functional currency </font><font style="color: #212121; font-family: 'Times New Roman';">is </font><font style="color: #212121; font-family: 'Times New Roman';">other than the Brazilian Real, totaled </font><font style="color: #212121; font-family: 'Times New Roman';">US$ </font><font style="font-family: 'Times New Roman';">95,000</font><font style="color: #212121; font-family: 'Times New Roman';"> (</font><font style="color: #212121; font-family: 'Times New Roman';">US$ </font><font style="font-family: 'Times New Roman';">95,000</font><font style="color: #212121; font-family: 'Times New Roman';"> on December 31, 201</font><font style="color: #212121; font-family: 'Times New Roman';">9</font><font style="color: #212121; font-family: 'Times New Roman';">)</font><font style="color: #212121; font-family: 'Times New Roman';">.</font><font style="font-family: 'Times New Roman';">On </font><font style="font-family: 'Times New Roman';">June</font><font style="color: #212121; font-family: 'Times New Roman';"> 3</font><font style="color: #212121; font-family: 'Times New Roman';">0</font><font style="color: #212121; font-family: 'Times New Roman';">, 20</font><font style="color: #212121; font-family: 'Times New Roman';">20</font><font style="font-family: 'Times New Roman';">, </font><font style="font-family: 'Times New Roman';">t</font><font style="color: #212121; font-family: 'Times New Roman';">he</font><font style="color: #212121; font-family: 'Times New Roman';"> unrealized </font><font style="color: #212121; font-family: 'Times New Roman';">loss</font><font style="color: #212121; font-family: 'Times New Roman';"> of &#8220;Other comprehensive income&#8221; </font><font style="color: #212121; font-family: 'Times New Roman';">is </font><font style="color: #212121; font-family: 'Times New Roman';">R$ </font><font style="color: #212121; font-family: 'Times New Roman';">90,620</font><font style="color: #212121; font-family: 'Times New Roman';"> (loss of R$ </font><font style="font-family: 'Times New Roman';">55,682</font><font style="color: #212121; font-family: 'Times New Roman';"> on December 31, 201</font><font style="color: #212121; font-family: 'Times New Roman';">9</font><font style="color: #212121; font-family: 'Times New Roman';">)</font><font style="color: #212121; font-family: 'Times New Roman';">, net of deferred income and social contribution taxes. The effects of exchange rate </font><font style="color: #212121; font-family: 'Times New Roman';">changes</font><font style="color: #212121; font-family: 'Times New Roman';"> on investments and hedg</font><font style="color: #212121; font-family: 'Times New Roman';">ing</font><font style="color: #212121; font-family: 'Times New Roman';"> instruments were offset in equity.</font></font></p>
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<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>115</font></font></td>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
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<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-style: initial; text-decoration-color: initial;"><br></p>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-style: initial; text-decoration-color: initial;">Ultrapar<font style="font-family: 'Times New Roman'; font-size: 10pt; text-align: justify;"><font>&nbsp;</font></font>Participa&#231;&#245;es<font style="font-family: 'Times New Roman'; font-size: 10pt; text-align: justify;"><font>&nbsp;</font>S.A. and Subsidiaries</font><br></p>
<div style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-style: initial; text-decoration-color: initial;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Notes to the <font style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: -webkit-left; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Parent's Separate</font> and Consolidated Interim Financial Information</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(In thousands of Brazilian Reais, unless otherwise stated)</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"><br></font></p>
</div>
<p style="font-size: 11pt; line-height: 115%; margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">i. </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">Gains (losses) on </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">H</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">edging </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">I</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">nstruments</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">The following tables summarize the value of gains (losses) recognized, which affected the equity of the Company and its subsidiaries:</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
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<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td colspan="3" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">06/30/2020</font></p>
</td>
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<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Profit or loss</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Equity</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 78%; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">a &#8211; Exchange rate derivates receivable in U.S. dollars (i) </font><font style="font-family: 'Times New Roman';">and </font><font style="font-family: 'Times New Roman';">(ii)</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 10%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">3</font><font style="font-family: 'Times New Roman';">88</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">391</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 2%; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 10%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
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<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">b &#8211; Exchange rate derivates payable in U.S. dollars (ii)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(365,777)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(15,104)</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">c &#8211; Interest rate swaps in R$ (iii)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">22,872</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
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<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">d &#8211; Non-derivative financial instruments (iv)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(833,572)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(842,391)</font></p>
</td>
</tr>
<tr style="height: 13.5pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Total</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(788,086)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(857,495)</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt;" width="100%">

<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">06/30/2020</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">12/31/2019</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 78%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 10%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Profit or loss</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 2%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; width: 10%;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;"><font style="font-size: 8pt;">Equit</font>y</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">a &#8211; Exchange rate derivates receivable in U.S. dollars (i) </font><font style="font-family: 'Times New Roman';">and </font><font style="font-family: 'Times New Roman';">(ii)</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">206,579</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">b &#8211; Exchange rate derivates payable in U.S. dollars (ii)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">24</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(80)</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">c &#8211; Interest rate swaps in R$ (iii)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">16,661</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">d &#8211; Non-derivative financial instruments (iv)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(54,023)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(348,959)</font></p>
</td>
</tr>
<tr style="height: 13.5pt; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Total</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">169,241</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(349,039)</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">(i) </font><font style="font-family: 'Times New Roman';">D</font><font style="font-family: 'Times New Roman';">oes not consider the effect of exchange rate variation of exchange </font><font style="font-family: 'Times New Roman';">S</font><font style="font-family: 'Times New Roman';">waps receivable in U</font><font style="font-family: 'Times New Roman';">.</font><font style="font-family: 'Times New Roman';">S</font><font style="font-family: 'Times New Roman';">.</font><font style="font-family: 'Times New Roman';"> dollars when this effect is offset in the gain or loss of the hedged item (debt</font><font style="font-family: 'Times New Roman';">/</font><font style="font-family: 'Times New Roman';">firm commitments</font><font style="font-family: 'Times New Roman';">)</font><font style="font-family: 'Times New Roman';">;</font></font></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">(ii) Considers the designation effect of foreign exchange hedging</font><font style="font-family: 'Times New Roman';">;</font></font></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">(iii) </font><font style="font-family: 'Times New Roman';">C</font><font style="font-family: 'Times New Roman';">onsiders the designation effect of interest rate hedging in Brazilian Reais</font><font style="font-family: 'Times New Roman';">; and</font></font></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">(iv) Considers the </font><font style="font-family: 'Times New Roman';">results</font><font style="font-family: 'Times New Roman';"> of notes in </font><font style="font-family: 'Times New Roman';">the </font><font style="font-family: 'Times New Roman';">foreign market</font><font style="font-family: 'Times New Roman';"> (for further information see Note 1</font><font style="font-family: 'Times New Roman';">6</font><font style="font-family: 'Times New Roman';">.b).</font></font></p>
</div>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';"><br></font></font></p>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>116</font></font></td>
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<hr style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-style: initial; text-decoration-color: initial;"><br></p>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-style: initial; text-decoration-color: initial;">Ultrapar<font style="font-family: 'Times New Roman'; font-size: 10pt; text-align: justify;"><font>&nbsp;</font></font>Participa&#231;&#245;es<font style="font-family: 'Times New Roman'; font-size: 10pt; text-align: justify;"><font>&nbsp;</font>S.A. and Subsidiaries</font><br></p>
<div style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-style: initial; text-decoration-color: initial;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Notes to the <font style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: -webkit-left; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Parent's Separate</font> and Consolidated Interim Financial Information</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(In thousands of Brazilian Reais, unless otherwise stated)</font></p>
</div>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';"><br></font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">j. </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">Fair </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">V</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">alue of </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">F</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">inancial </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">I</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">nstruments</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The fair values and the carrying values of the financial instruments, including currency and interest rate hedging instruments, are</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">stated below:</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
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<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
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<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
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<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td colspan="3" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">06/30/2020</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td colspan="3" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">12/31/2019</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Category</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Note</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Carrying value</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">Fair&nbsp;</font><font style="font-family: 'Times New Roman'; font-weight: bold;">value</font></font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Carrying value</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">Fair&nbsp;</font><font style="font-family: 'Times New Roman'; font-weight: bold;">value</font></font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Financial assets:</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Cash and cash equivalents</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 28%; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Cash and bank</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 28%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Measured at amortized cost</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 6%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4.a</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 8%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">253,430</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 2%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 8%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">253,430</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 2%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 8%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">284,992</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 2%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 8%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">284,992</font></p>
</td>
</tr>
<tr style="height: 34px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Financial investments in local currency</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Measured at fair value through other comprehensive income</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4.a</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,506,924</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,506,924</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,780,939</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,780,939</font></p>
</td>
</tr>
<tr style="height: 34px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Financial investments in foreign currency</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Measured at fair value through profit or loss</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4.a</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">44,837</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">44,837</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">49,448</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">49,448</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Financial investments:</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 34px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Fixed-income securities and funds in local currency</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Measured at fair value through profit or loss</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4.b</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,984,808</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,984,808</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,937,967</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,937,967</font></p>
</td>
</tr>
<tr style="height: 34px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Fixed-income securities and funds in local currency</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Measured at fair value through other comprehensive income</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4.b</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">354,379</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">354,379</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">595,816</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">595,816</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Fixed-income securities and funds in local currency</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Measured at amortized cost</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4.b</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">78,033</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">78,033</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">76,904</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">76,904</font></p>
</td>
</tr>
<tr style="height: 34px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Fixed-income securities and funds in foreign currency</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Measured at fair value through other comprehensive income</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4.b</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">816,792</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">816,792</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">303,417</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">303,417</font></p>
</td>
</tr>
<tr style="height: 34px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Currency and interest rate hedging and commodities instruments</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Measured at fair value through profit or loss</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4.b</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,408,320</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,408,320</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">682,615</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">682,615</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Trade Receivables</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Measured at amortized cost</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">5.a</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,095,252</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,075,738</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,689,500</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,663,247</font></p>
</td>
</tr>
<tr style="height: 23px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 23px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Reseller Financing</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 23px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Measured at amortized cost</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 23px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">5.b</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 23px; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">881,041</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 23px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 23px; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">878,089</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 23px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 23px; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">800,936</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 23px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 23px; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">839,090</font></p>
</td>
</tr>
<tr style="height: 18px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Total</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; border-bottom: 2.8pt double #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">12,423,816</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; border-bottom: 2.8pt double #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">12,401,350</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; border-bottom: 2.8pt double #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">10,202,534</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; border-bottom: 2.8pt double #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">10,214,435</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Financial liabilities:</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 34px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Financing</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Measured at fair value through profit or loss</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">16.a</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,292,985</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,292,985</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,666,092</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,666,092</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Financing</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Measured at amortized cost</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">16.a</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">8,703,164</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">8,667,957</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">6,008,414</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">7,268,742</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Debentures</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Measured at amortized cost</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">16.a</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">5,507,189</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">5,238,705</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">5,657,339</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">5,603,669</font></p>
</td>
</tr>
<tr style="height: 34px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Debentures</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Measured at fair value through profit or loss</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">16.a</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,032,644</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,032,644</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,030,892</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,030,891</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Leases payable</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Measured at amortized cost</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">13</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,775,276</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,775,276</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,588,673</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,588,673</font></p>
</td>
</tr>
<tr style="height: 34px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Commodities, currency and interest rate hedging instruments</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Measured at fair value through profit or loss</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: center; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">16.a</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">228,190</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">228,190</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">29,985</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">29,985</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Trade payables</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Measured at amortized cost</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">17</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,538,294</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,520,283</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,700,071</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,678,808</font></p>
</td>
</tr>
<tr style="height: 34px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Subscription warrants &#8211; indemnification</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Measured at fair value through profit or loss</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">24</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">63,063</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">63,063</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">130,657</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">130,657</font></p>
</td>
</tr>
<tr style="height: 18px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Total</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; border-bottom: 2.8pt double #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">22,140,805</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; border-bottom: 2.8pt double #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">21,819,103</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; border-bottom: 2.8pt double #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">18,812,123</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; border-bottom: 2.8pt double #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">19,997,517</font></p>
</td>
</tr>

</table>
<p style="font-size: 11pt; line-height: 115%; /* margin: 0pt 0pt 10pt; */text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</div>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>117</font></font></td>
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</table>
<hr style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-style: initial; text-decoration-color: initial;"><br></p>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-style: initial; text-decoration-color: initial;">Ultrapar<font style="font-family: 'Times New Roman'; font-size: 10pt; text-align: justify;"><font>&nbsp;</font></font>Participa&#231;&#245;es<font style="font-family: 'Times New Roman'; font-size: 10pt; text-align: justify;"><font>&nbsp;</font>S.A. and Subsidiaries</font><br></p>
<div style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-style: initial; text-decoration-color: initial;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Notes to the <font style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: -webkit-left; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Parent's Separate</font> and Consolidated Interim Financial Information</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"><br></font></p>
</div>
<p style="font-size: 11pt; line-height: 115%; margin: 0pt 0pt 10pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">The fair value of financial instruments, including currency and interest hedging instruments, was determined as follows:</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin: 0px auto; font-family: 'times new roman'; font-size: 10pt; height: 108px; width: 100%;" width="100%">

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<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#8226;</font></p>
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<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">The fair value of cash and bank deposit balances are identical to their carrying values.</font></p>
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<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#8226;</font></p>
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<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Financial investments in investment funds are valued at the value of the fund unit as of the date of the</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">interim </font><font style="font-family: 'Times New Roman';">f</font><font style="font-family: 'Times New Roman';">inancial </font><font style="font-family: 'Times New Roman';">information</font><font style="font-family: 'Times New Roman';">, which corresponds to their fair value.</font></font></p>
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<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#8226;</font></p>
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<td style="vertical-align: top; width: 400.25pt; height: 34px;">
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Financial investments in CDBs (Bank Certificates of Deposit) and similar investments offer daily liquidity through repurchase at the </font><font style="font-family: 'Times New Roman';">&#8220;</font><font style="font-family: 'Times New Roman';">yield curve</font><font style="font-family: 'Times New Roman';">&#8221;</font><font style="font-family: 'Times New Roman';"> and the Company </font><font style="font-family: 'Times New Roman';">calculate</font><font style="font-family: 'Times New Roman';">s</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">their fair value </font><font style="font-family: 'Times New Roman';">through</font><font style="font-family: 'Times New Roman';"> methodologies commonly used for mark</font><font style="font-family: 'Times New Roman';"> to</font><font style="font-family: 'Times New Roman';"> the market</font><font style="font-family: 'Times New Roman';">.</font></font></p>
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<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#8226;</font></p>
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<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">The fair value of trade receivables and trade payables are approximate to their carrying values.</font></p>
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<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#8226;</font></p>
<p style="margin: 0pt; text-align: justify;"><br></p>
<p style="margin: 0pt 0pt 0pt 32.2pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
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<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The subscription warrants &#8211;</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">indemnification </font><font style="font-family: 'Times New Roman';">was</font><font style="font-family: 'Times New Roman';"> measured based</font><font style="font-family: 'Times New Roman';"> on the share price of Ultrapar (UGPA3) at the </font><font style="font-family: 'Times New Roman';">interim f</font><font style="font-family: 'Times New Roman';">inancial </font><font style="font-family: 'Times New Roman';">information </font><font style="font-family: 'Times New Roman';">date</font><font style="font-family: 'Times New Roman';"> and are adjusted to the Company&#8217;s dividend yield, since the exercise is only possible starting in 2020 onwards and </font><font style="font-family: 'Times New Roman';">they </font><font style="font-family: 'Times New Roman';">are not entitled to dividends</font><font style="font-family: 'Times New Roman';"> until the</font><font style="font-family: 'Times New Roman';">n</font><font style="font-family: 'Times New Roman';">. The number of shares of subscription warrants &#8211; indemnification is also adjusted according to the changes in the amounts of provision for tax, civil, and labor risks and contingent liabilities related to the period prior to January 31, 2014</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">(See </font><font style="font-family: 'Times New Roman';">N</font><font style="font-family: 'Times New Roman';">ote 2</font><font style="font-family: 'Times New Roman';">4</font><font style="font-family: 'Times New Roman';">)</font><font style="font-family: 'Times New Roman';">.</font></font></p>
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<td style="vertical-align: top; width: 29.9pt; height: 10px;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#8226;</font></p>
</td>
<td style="vertical-align: top; width: 400.25pt; height: 10px;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">The fair value calculation of notes in the foreign market (see Note 16.b) is based on the quoted price in an active market.</font></p>
</td>
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</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The fair value of other financial investments</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';"> financing </font><font style="font-family: 'Times New Roman';">and leases payable </font><font style="font-family: 'Times New Roman';">was determined using calculation methodologies commonly used for mark-to-market</font><font style="font-family: 'Times New Roman';"> reporting</font><font style="font-family: 'Times New Roman';">, which consist of calculating future cash flows associated with each instrument adopted and adjusting them to present value at the market rates </font><font style="font-family: 'Times New Roman';">as of the date of the </font><font style="font-family: 'Times New Roman';">interim f</font><font style="font-family: 'Times New Roman';">inancial </font><font style="font-family: 'Times New Roman';">information</font><font style="font-family: 'Times New Roman';">.</font><font style="font-family: 'Times New Roman';"> For some cases where there is no active market for the financial instrument, the Company and its subsidiaries can use quotes provided by the transaction counterparties.</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The interpretation of market information on the choice of calculation methodologies for the fair value requires considerable judgment and estimates to obtain a value deemed appropriate to each situation. Consequently, the estimates presented do not necessary indicate the amounts that may be realiz</font><font style="font-family: 'Times New Roman';">able</font><font style="font-family: 'Times New Roman';"> in the current market.</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Financial instruments were classified as financial </font><font style="font-family: 'Times New Roman';">assets or </font><font style="font-family: 'Times New Roman';">liabilities measured at amortized cost, except (i) all exchange rate and interest rate hedging instruments, which are measured at fair value through profit or loss, financial investments classified as measured at fair value through profit or loss</font><font style="font-family: 'Times New Roman';"> and</font><font style="font-family: 'Times New Roman';"> financial investments that are classified as </font><font style="font-family: 'Times New Roman';">measured at fair value through other comprehensive income</font><font style="font-family: 'Times New Roman';"> (see Note 4</font><font style="font-family: 'Times New Roman';">.b</font><font style="font-family: 'Times New Roman';">), (</font><font style="font-family: 'Times New Roman';">ii</font><font style="font-family: 'Times New Roman';">) </font><font style="font-family: 'Times New Roman';">loans and financing </font><font style="font-family: 'Times New Roman';">measured at fair value through profit or loss (see Note 1</font><font style="font-family: 'Times New Roman';">6</font><font style="font-family: 'Times New Roman';">.a</font><font style="font-family: 'Times New Roman';">)</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';"> (</font><font style="font-family: 'Times New Roman';">iii</font><font style="font-family: 'Times New Roman';">) guarantees to customers that have vendor arrangements (see Note 1</font><font style="font-family: 'Times New Roman';">6</font><font style="font-family: 'Times New Roman';">.</font><font style="font-family: 'Times New Roman';">i</font><font style="font-family: 'Times New Roman';">), which are measured at fair value through profit or loss</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';"> and (</font><font style="font-family: 'Times New Roman';">iv</font><font style="font-family: 'Times New Roman';">) </font><font style="font-family: 'Times New Roman';">subscription warrants &#8211; </font><font style="font-family: 'Times New Roman';">indemnification</font><font style="font-family: 'Times New Roman';">, which are measured at fair value through profit or loss</font><font style="font-family: 'Times New Roman';"> (see Note </font><font style="font-family: 'Times New Roman';">2</font><font style="font-family: 'Times New Roman';">4</font><font style="font-family: 'Times New Roman';">)</font><font style="font-family: 'Times New Roman';">. Cash, banks</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';"> trade receivables</font><font style="font-family: 'Times New Roman';"> and reseller financing</font><font style="font-family: 'Times New Roman';"> are classified as </font><font style="font-family: 'Times New Roman';">measured at amortized cost</font><font style="font-family: 'Times New Roman';">. Trade payables</font><font style="font-family: 'Times New Roman';">, leases</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">payable </font><font style="font-family: 'Times New Roman';">and other payables are classified as financial liabilities measured at amortized cost.</font></font></p>
</div>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';"><br></font></font></p>
<div>
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<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>118</font></font></td>
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<hr style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-style: initial; text-decoration-color: initial;"><br></p>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-style: initial; text-decoration-color: initial;">Ultrapar<font style="font-family: 'Times New Roman'; font-size: 10pt; text-align: justify;"><font>&nbsp;</font></font>Participa&#231;&#245;es<font style="font-family: 'Times New Roman'; font-size: 10pt; text-align: justify;"><font>&nbsp;</font>S.A. and Subsidiaries</font><br></p>
<div style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-style: initial; text-decoration-color: initial;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Notes to the <font style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: -webkit-left; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Parent's Separate&nbsp;</font>and Consolidated Interim Financial Information</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></p>
</div>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;"><br></font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">j.1 </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">Fair </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">V</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">alue </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">H</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">ierarchy of </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">F</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">inancial </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">I</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">nstruments</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">The financial instruments are classified in the following categories:</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
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<td style="vertical-align: top; width: 22.85pt;">
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">(a)</font><font style="font-family: 'Times New Roman';">&nbsp;</font><font style="font-family: 'Times New Roman';">&nbsp;</font></font></p>
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<td style="vertical-align: top; width: 403.75pt;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Level 1 - prices negotiated (without adjustment) in active markets for identical assets or liabilities;</font></p>
</td>
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<td style="vertical-align: top; width: 22.85pt;">
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">(b)</font><font style="font-family: 'Times New Roman';">&nbsp;</font><font style="font-family: 'Times New Roman';">&nbsp;</font></font></p>
</td>
<td style="vertical-align: top; width: 403.75pt;">
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Level 2 - inputs other than prices negotiated in active markets included in Level 1 and observable for the asset or liability, either directly (as prices) or indirectly (derived from prices)</font><font style="font-family: 'Times New Roman';">.</font></font></p>
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</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The table below shows </font><font style="font-family: 'Times New Roman';">the</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">categories </font><font style="font-family: 'Times New Roman';">of the financial assets and financial liabilities:</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
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<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Category</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Note</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">06/30/2020</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Level 1</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Level 2</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Financial assets:</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Cash and cash equivalents</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 28%; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Cash and bank</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 28%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Measured at amortized cost</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 6%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4.a</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 8%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">253,430</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 2%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 8%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">253,430</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 2%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 8%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Financial investments in local currency</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Measured at fair value through other comprehensive income</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4.a</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,506,924</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,506,924</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Financial investments in foreign currency</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Measured at fair value through profit or loss</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4.a</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">44,837</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">44,837</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Financial investments:</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Fixed-income securities and funds in local currency</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Measured at fair value through profit or loss</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4.b</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,984,808</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,984,808</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
</tr>
<tr style="height: 34px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Fixed-income securities and funds in local currency</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Measured at fair value through other comprehensive income</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4.b</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">354,379</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">354,379</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Fixed-income securities and funds in local currency</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Measured at amortized cost</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4.b</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">78,033</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">78,033</font></p>
</td>
</tr>
<tr style="height: 34px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Fixed-income securities and funds in foreign currency</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Measured at fair value through other comprehensive income</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4.b</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">816,792</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">31,870</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">784,922</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Currency and interest rate hedging and commodities instruments</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Measured at fair value through profit or loss</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4.b</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,408,320</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,408,320</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Trade Receivables</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Measured at amortized cost</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">5.a</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,075,738</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,075,738</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Reseller Financing</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Measured at amortized cost</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">5.b</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;">878,089</p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;">878,089</p>
</td>
</tr>
<tr style="height: 18px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Total</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; border-bottom: 2.8pt double #000000;">
<p style="margin: 0pt; text-align: right;">12,401,350</p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; border-bottom: 2.8pt double #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,314,945</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; border-bottom: 2.8pt double #000000;">
<p style="margin: 0pt; text-align: right;">10,086,405</p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Financial liabilities:</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Financing</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Measured at fair value through profit or loss</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">16.a</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,292,985</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,292,985</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Financing</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Measured at amortized cost</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">16.a</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">8,667,957</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">5,747,008</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,920,949</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Debentures</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Measured at amortized cost</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">16.a</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">5,238,705</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">5,238,705</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Debentures</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Measured at fair value through profit or loss</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">16.a</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,032,644</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,032,644</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Leases payable</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Measured at amortized cost</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">13</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,775,276</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,775,276</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Commodities, currency and interest rate hedging instruments</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Measured at fair value through profit or loss</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">16.a</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">228,190</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">228,190</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Trade payables</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Measured at amortized cost</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">17</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,520,283</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,520,283</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Subscription warrants &#8211; indemnification (*)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Measured at fair value through profit or loss</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">24</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">63,063</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">63,063</font></p>
</td>
</tr>
<tr style="height: 18px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Total</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; border-bottom: 2.8pt double #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">21,819,103</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; border-bottom: 2.8pt double #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">5,747,008</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; border-bottom: 2.8pt double #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">16,072,095</font></p>
</td>
</tr>

</table>
<p style="font-size: 11pt; line-height: 115%; margin: 0pt 0pt 10pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</div>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>119</font></font></td>
</tr>

</table>
<hr style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-style: initial; text-decoration-color: initial;"><br></p>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-style: initial; text-decoration-color: initial;">Ultrapar<font style="font-family: 'Times New Roman'; font-size: 10pt; text-align: justify;"><font>&nbsp;</font></font>Participa&#231;&#245;es<font style="font-family: 'Times New Roman'; font-size: 10pt; text-align: justify;"><font>&nbsp;</font>S.A. and Subsidiaries</font><br></p>
<div style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-style: initial; text-decoration-color: initial;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Notes to the <font style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: -webkit-left; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Parent's Separate</font> and Consolidated Interim Financial Information</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"><br></font></p>
</div>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 395px; width: 100%;" width="100%">

<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Category</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Note</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">12/31/2019</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">N&#237;vel 1</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">N&#237;vel 2</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Financial assets:</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Cash and cash equivalents</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 28%; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Cash and bank</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 28%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Measured at amortized cost</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 6%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4.a</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 8%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">284,992</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 2%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 8%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">284,992</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 2%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 8%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Financial investments in local currency</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Measured at fair value through other comprehensive income</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4.a</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,780,939</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,780,939</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Financial investments in foreign currency</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Measured at fair value through profit or loss</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4.a</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">49,448</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">49,448</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Financial investments:</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Fixed-income securities and funds in local currency</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Measured at fair value through profit or loss</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4.b</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,937,967</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,937,967</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Fixed-income securities and funds in local currency</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Measured at fair value through other comprehensive income</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4.b</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">595,816</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">595,816</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Fixed-income securities and funds in local currency</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Measured at amortized cost</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4.b</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">76,904</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">76,904</font></p>
</td>
</tr>
<tr style="height: 34px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Fixed-income securities and funds in foreign currency</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Measured at fair value through other comprehensive income</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4.b</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">303,417</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">18,985</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">284,432</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Currency and interest rate hedging and commodities instruments</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Measured at fair value through profit or loss</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4.b</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">682,615</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">682,615</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Trade Receivables</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Measured at amortized cost</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">5.a</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,663,247</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,663,247</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Reseller Financing</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Measured at amortized cost</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">5.b</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">839,090</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;">839,090</p>
</td>
</tr>
<tr style="height: 18px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Total</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000; height: 18px;">
<p style="margin: 0pt; text-align: right;">10,214,435</p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; border-bottom: 2.8pt double #000000;">
<p style="margin: 0pt; text-align: right;">2,291,392</p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; border-bottom: 2.8pt double #000000;">
<p style="margin: 0pt; text-align: right;">7,923,043</p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Financial liabilities:</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 31px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 31px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Financing</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 31px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Measured at fair value through profit or loss</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 31px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">16.a</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 31px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,666,092</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 31px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 31px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 31px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 31px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,666,092</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Financing</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Measured at amortized cost</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">16.a</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">7,268,742</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4,587,932</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,680,810</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Debentures</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Measured at amortized cost</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">16.a</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">5,603,669</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">5,603,669</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Debentures</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Measured at fair value through profit or loss</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">16.a</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,030,891</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,030,891</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Leases payable</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Measured at amortized cost</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">13</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,588,673</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,588,673</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Commodities, currency and interest rate hedging instruments</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Measured at fair value through profit or loss</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">16.a</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">29,985</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">29,985</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Trade payables</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Measured at amortized cost</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">17</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,678,808</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,678,808</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt 0pt 0pt 10pt; text-indent: 0.4pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Subscription warrants &#8211; indemnification (*)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Measured at fair value through profit or loss</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">24</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">130,657</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">130,657</font></p>
</td>
</tr>
<tr style="height: 18px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Total</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; border-bottom: 2.8pt double #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">19,997,517</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; border-bottom: 2.8pt double #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4,587,932</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; border-bottom: 2.8pt double #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">15,409,585</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt; vertical-align: super;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><sub><font style="font-family: 'Times New Roman'; vertical-align: super;">(1) </font></sub><font style="font-family: 'Times New Roman';">Refers to subscription warrants issued by the Company in the Extrafarma acquisition.</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">The fair value of trade receivables and trade payables are classified as level 2.</font></p>
</div>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"><br></font></p>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>120</font></font></td>
</tr>

</table>
<hr style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"><br></font></p>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-style: initial; text-decoration-color: initial;">Ultrapar<font style="font-family: 'Times New Roman'; font-size: 10pt; text-align: justify;"><font>&nbsp;</font></font>Participa&#231;&#245;es<font style="font-family: 'Times New Roman'; font-size: 10pt; text-align: justify;"><font>&nbsp;</font>S.A. and Subsidiaries</font><br></p>
<div style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-style: initial; text-decoration-color: initial;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Notes to the <font style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: -webkit-left; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Parent's Separate</font> and Consolidated Interim Financial Information</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"><br></font></p>
</div>
<p style="font-size: 11pt; line-height: 115%; margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">k. </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">Sensitivity </font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">A</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">nalysis</font><font style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold;"> of Derivative Financial Instruments</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">The Company and its subsidiaries use derivative financial instruments only to hedge against identified risks and in amounts consistent with the risk (limited to 100% of the identified risk). Thus, for purposes of sensitivity analysis of market risks associated with financial instruments, as required by CVM Instruction 475/08, the Company analyzes the hedging instrument and the hedged item together, as shown on the charts below.</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">For the sensitivity analysis of foreign exchange hedging instruments</font><font style="font-family: 'Times New Roman';"> as of </font><font style="font-family: 'Times New Roman';">June</font><font style="font-family: 'Times New Roman';"> 3</font><font style="font-family: 'Times New Roman';">0</font><font style="font-family: 'Times New Roman';">, 20</font><font style="font-family: 'Times New Roman';">20</font><font style="font-family: 'Times New Roman';"> and </font><font style="font-family: 'Times New Roman';">December</font><font style="font-family: 'Times New Roman';"> 31,</font><font style="font-family: 'Times New Roman';"> 201</font><font style="font-family: 'Times New Roman';">9</font><font style="font-family: 'Times New Roman';">, management adopted as a likely scenario the Real/U.S. dollar exchange rates at maturity of each swap, projected by U.S dollar futures contracts quoted on </font><font style="font-family: 'Times New Roman';">B3</font><font style="font-family: 'Times New Roman';">. As a reference, the exchange rate for the last maturity of foreign exchange hedging instruments </font><font style="font-family: 'Times New Roman';">is R$ </font><font style="font-family: 'Times New Roman';">8.</font><font style="font-family: 'Times New Roman';">74</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">(R$ </font><font style="font-family: 'Times New Roman';">5.76</font><font style="font-family: 'Times New Roman';"> as of December 31, 201</font><font style="font-family: 'Times New Roman';">9</font><font style="font-family: 'Times New Roman';">) </font><font style="font-family: 'Times New Roman';">in the likely scenario. Scenarios II and III were estimated with a 25% and 50% additional appreciation or depreciation of the </font><font style="font-family: 'Times New Roman';">Brazilian </font><font style="font-family: 'Times New Roman';">Real against the likely scenario, according to the risk to which the hedged item is exposed.</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Based on the balances of the hedging instruments and hedged items as of </font><font style="font-family: 'Times New Roman';">June</font><font style="font-family: 'Times New Roman';"> 3</font><font style="font-family: 'Times New Roman';">0</font><font style="font-family: 'Times New Roman';">, 20</font><font style="font-family: 'Times New Roman';">20</font><font style="font-family: 'Times New Roman';"> and </font><font style="font-family: 'Times New Roman';">December 31</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">201</font><font style="font-family: 'Times New Roman';">9</font><font style="font-family: 'Times New Roman';">, the exchange rates were replaced, and the changes between the new balance in Brazilian Reais and the </font><font style="font-family: 'Times New Roman';">original </font><font style="font-family: 'Times New Roman';">balance in Brazilian Reais were calculated in each of the three scenarios. The table below shows the change in the values of the main derivative instruments and their hedged items, considering the changes in the exchange rate in the different scenarios:</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 226px; width: 100%;" width="100%">

<tr style="height: 18px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">06/30/2020</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold; text-decoration: underline;">Risk</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Scenario I Likely</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Scenario II</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Scenario III</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold;">Currency swaps receivable in U.S. dollars</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 18px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; width: 44%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1) U.S. Dollar / Real swaps</font></p>
</td>
<td rowspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 36px; width: 16%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Dollar appreciation</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; width: 12%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,204,409</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; width: 2%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; width: 12%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,482,925</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; width: 2%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; width: 12%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,761,442</font></p>
</td>
</tr>
<tr style="height: 18px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(2) Debts/firm commitments in dollars</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,205,747)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(2,488,043)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(3,770,340)</font></p>
</td>
</tr>
<tr style="height: 18px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">(1)+(2)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Net effect</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,338)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(5,118)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(8,898)</font></p>
</td>
</tr>
<tr style="height: 18px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold;">Currency swaps payable in U.S. dollars</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 18px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(3) Real / U.S. Dollar swaps</font></p>
</td>
<td rowspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 36px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Dollar devaluation</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,900</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(194,710)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(391,319)</font></p>
</td>
</tr>
<tr style="height: 18px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(4) Gross margin of Oxiteno</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,900)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">194,710</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">391,319</font></p>
</td>
</tr>
<tr style="height: 18px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">(3)+(4)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Net effect</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
</tr>
<tr style="height: 18px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Options</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 18px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(5) Options Real / U.S. Dollar swaps</font></p>
</td>
<td rowspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 36px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Dollar devaluation</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(222,099)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">239,606</font></p>
</td>
</tr>
<tr style="height: 18px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(6) Gross margin of Oxiteno</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">222,099</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(239,606)</font></p>
</td>
</tr>
<tr style="height: 18px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">(5)+(6)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Net effect</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</div>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>121</font></font></td>
</tr>

</table>
<hr style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-style: initial; text-decoration-color: initial;"><br></p>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-style: initial; text-decoration-color: initial;">Ultrapar<font style="font-family: 'Times New Roman'; font-size: 10pt; text-align: justify;"><font>&nbsp;</font></font>Participa&#231;&#245;es<font style="font-family: 'Times New Roman'; font-size: 10pt; text-align: justify;"><font>&nbsp;</font>S.A. and Subsidiaries</font><br></p>
<div style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-style: initial; text-decoration-color: initial;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Notes to the <font style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: -webkit-left; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Parent's Separate</font> and Consolidated Interim Financial Information</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"><br></font></p>
</div>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 234px; width: 100%;" width="100%">

<tr style="height: 18px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">12/31/2019</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold; text-decoration: underline;">Risk</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1pt solid #000000; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Scenario I Likely</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1pt solid #000000; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Scenario II</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 1pt solid #000000; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Scenario III</font></p>
</td>
</tr>
<tr style="height: 18px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 18px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold;">Currency swaps receivable in U.S. dollars</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 18px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 18px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 44%; height: 18px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1) U.S. Dollar / Real swaps</font></p>
</td>
<td rowspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 16%; height: 36px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Dollar appreciation</font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 12%; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">700,499</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 2%; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 12%; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,668,202</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 2%; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; width: 12%; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,635,905</font></p>
</td>
</tr>
<tr style="height: 18px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 18px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(2) Debts/firm commitments in dollars</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom: 1pt solid #000000; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(700,465)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom: 1pt solid #000000; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,668,031)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom: 1pt solid #000000; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(2,635,596)</font></p>
</td>
</tr>
<tr style="height: 18px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">(1)+(2)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Net effect</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">34</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">172</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">309</font></p>
</td>
</tr>
<tr style="height: 18px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 18px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold;">Currency swaps payable in U.S. dollars</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 18px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 18px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(3) Real / U.S. Dollar swaps</font></p>
</td>
<td rowspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 36px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Dollar devaluation</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">376</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">62,559</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">124,742</font></p>
</td>
</tr>
<tr style="height: 18px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 18px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(4) Gross margin of Oxiteno</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 18px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(376)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 18px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(62,559)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 18px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(124,742)</font></p>
</td>
</tr>
<tr style="height: 18px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">(3)+(4)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Net effect</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
</tr>
<tr style="height: 18px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 18px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Options</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 18px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 18px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(5) Options Real / U.S. Dollar swaps</font></p>
</td>
<td rowspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 36px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Dollar devaluation</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">42,101</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">102,917</font></p>
</td>
</tr>
<tr style="height: 18px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 18px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(6) Gross margin of Oxiteno</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 18px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 18px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(42,101)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; background-color: #cceeff; height: 18px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(102,917)</font></p>
</td>
</tr>
<tr style="height: 18px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">(5)+(6)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Net effect</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">For sensitivity analysis of </font><font style="font-family: 'Times New Roman';">hedging instruments for </font><font style="font-family: 'Times New Roman';">interest rate</font><font style="font-family: 'Times New Roman';">s</font><font style="font-family: 'Times New Roman';"> in Brazilian Reais</font><font style="font-family: 'Times New Roman';"> as of</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">June</font><font style="font-family: 'Times New Roman';"> 3</font><font style="font-family: 'Times New Roman';">0</font><font style="font-family: 'Times New Roman';">, 2020 and </font><font style="font-family: 'Times New Roman';">December 31</font><font style="font-family: 'Times New Roman';">, 2019</font><font style="font-family: 'Times New Roman';">, </font><font style="font-family: 'Times New Roman';">the Company</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">u</font><font style="font-family: 'Times New Roman';">s</font><font style="font-family: 'Times New Roman';">ed the future</font><font style="font-family: 'Times New Roman';">s</font><font style="font-family: 'Times New Roman';"> curve of </font><font style="font-family: 'Times New Roman';">the </font><font style="font-family: 'Times New Roman';">DI x Pre contract quoted on B3 </font><font style="font-family: 'Times New Roman';">as of </font><font style="font-family: 'Times New Roman';">June</font><font style="font-family: 'Times New Roman';"> 3</font><font style="font-family: 'Times New Roman';">0</font><font style="font-family: 'Times New Roman';">, 20</font><font style="font-family: 'Times New Roman';">20</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">for each </font><font style="font-family: 'Times New Roman';">of the </font><font style="font-family: 'Times New Roman';">swap and debt (hedged item)</font><font style="font-family: 'Times New Roman';"> maturities</font><font style="font-family: 'Times New Roman';">, to determine the likely scenario</font><font style="font-family: 'Times New Roman';">s</font><font style="font-family: 'Times New Roman';">. </font><font style="font-family: 'Times New Roman';">Scenarios II and III were estimated </font><font style="font-family: 'Times New Roman';">based on</font><font style="font-family: 'Times New Roman';"> a 25% and 50% </font><font style="font-family: 'Times New Roman';">deterioration</font><font style="font-family: 'Times New Roman';">, respectively,</font><font style="font-family: 'Times New Roman';"> of the </font><font style="font-family: 'Times New Roman';">likely scenario pre-fixed interest rate</font><font style="font-family: 'Times New Roman';">.</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="font-size: 11pt; line-height: 115%; margin: 0pt 0pt 10pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Based on the three scenarios of interest rate</font><font style="font-family: 'Times New Roman';">s</font><font style="font-family: 'Times New Roman';"> in Brazilian Reais</font><font style="font-family: 'Times New Roman';">, </font><font style="font-family: 'Times New Roman';">the Company estimated the </font><font style="font-family: 'Times New Roman';">values</font><font style="font-family: 'Times New Roman';"> of </font><font style="font-family: 'Times New Roman';">its</font><font style="font-family: 'Times New Roman';"> debt and hedging instruments according to the risk </font><font style="font-family: 'Times New Roman';">which</font><font style="font-family: 'Times New Roman';"> is being hedged (</font><font style="font-family: 'Times New Roman';">variations in the pre-fixed</font><font style="font-family: 'Times New Roman';"> interest rate</font><font style="font-family: 'Times New Roman';">s</font><font style="font-family: 'Times New Roman';"> in Brazilian Reais)</font><font style="font-family: 'Times New Roman';">, by projecting </font><font style="font-family: 'Times New Roman';">them to future value </font><font style="font-family: 'Times New Roman';">at the</font><font style="font-family: 'Times New Roman';"> contracted rates and bringing them to present value </font><font style="font-family: 'Times New Roman';">at</font><font style="font-family: 'Times New Roman';"> the interest rate</font><font style="font-family: 'Times New Roman';">s</font><font style="font-family: 'Times New Roman';"> of the </font><font style="font-family: 'Times New Roman';">estimated</font><font style="font-family: 'Times New Roman';"> scenarios. </font><font style="font-family: 'Times New Roman';">The result</font><font style="font-family: 'Times New Roman';">s</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">are</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">shown</font><font style="font-family: 'Times New Roman';"> in the table below:</font></font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 72px; width: 100%;" width="100%">

<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">06/30/2020</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold; text-decoration: underline;">Risk</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Scenario I Likely</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Scenario II</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Scenario III</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold;">Interest rate swap (Real) &#8211; Debentures - CRA</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 44%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;&nbsp; (1) Fixed rate swap - DI</font></p>
</td>
<td rowspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 34px; width: 16%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Decrease in Pre-fixed rate</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 12%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">7,449</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 2%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 12%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(205,996)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 2%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 12%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(158,456)</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;&nbsp; (2) Fixed rate debt</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(7,449)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">205,996</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">158,456</font></p>
</td>
</tr>
<tr style="height: 18px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">&nbsp;&nbsp; (1) + (2)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Net effect</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom: 2.8pt double #000000; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom: 2.8pt double #000000; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; border-bottom: 2.8pt double #000000; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 77px; width: 100%;" width="100%">

<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">12/31/2019</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold; text-decoration: underline;">Risk</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Scenario I Likely</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Scenario II</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Scenario III</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold;">Interest rate swap (Real) &#8211; Debentures - CRA</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 20px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 20px; width: 44%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;&nbsp; (1) Fixed rate swap - DI</font></p>
</td>
<td rowspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 37px; width: 16%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Decrease in Pre-fixed rate</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 20px; width: 12%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(195,123)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 20px; width: 2%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 20px; width: 12%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(137,260)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 20px; width: 2%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 20px; width: 12%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(74,027)</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;&nbsp; (2) Fixed rate debt</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">195,123</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">137,260</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">74,027</font></p>
</td>
</tr>
<tr style="height: 20px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 20px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">&nbsp;&nbsp; (1) + (2)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 20px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Net effect</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 20px; border-bottom: 2.8pt double #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 20px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 20px; border-bottom: 2.8pt double #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 20px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 20px; border-bottom: 2.8pt double #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</div>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>122</font></font></td>
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<hr style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-style: initial; text-decoration-color: initial;"><br></p>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-style: initial; text-decoration-color: initial;">Ultrapar<font style="font-family: 'Times New Roman'; font-size: 10pt; text-align: justify;"><font>&nbsp;</font></font>Participa&#231;&#245;es<font style="font-family: 'Times New Roman'; font-size: 10pt; text-align: justify;"><font>&nbsp;</font>S.A. and Subsidiaries</font><br></p>
<div style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-style: initial; text-decoration-color: initial;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Notes to the <font style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: -webkit-left; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Parent's Separate</font> and Consolidated Interim Financial Information</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"><br></font></p>
</div>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">For the sensitivity analysis of the commodity price swings hedging instruments on June</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">3</font><font style="font-family: 'Times New Roman';">0, 20</font><font style="font-family: 'Times New Roman';">20 and December 31, 2019</font><font style="font-family: 'Times New Roman';">, the Company used the futures heating oil and gasoline (RBOB) contracts quoted on NYMEX. Scenarios II and III were estimated based on 25% and 50% deterioration, respectively, of the likely scenario commodity price.</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt 0pt 6pt; text-align: justify;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Based on the balances of the hedging instruments and the objects hedged on June<font>&nbsp;</font>30, 2020 and&nbsp;</font><font style="font-family: 'Times New Roman';">December 31</font><font style="font-family: 'Times New Roman';">, 2019, prices were substituted and the variations between the new balance in Reais and the balance in Reais in the report date were calculated in each of the three scenarios. The table below shows the variation of the amounts of the derivative instruments and their objects of hedge, considering the variations in commodity prices in the different scenarios:</font></font></p>
<p style="font-size: 11pt; line-height: 115%; margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 81px; width: 100%;" width="100%">

<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">06/30/2020</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold; text-decoration: underline;">Risk</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Scenario I Likely</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Scenario II</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Scenario III</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">NDF Commodities</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 44%;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;&nbsp; (1) NDF Commodities</font></p>
</td>
<td rowspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 34px; width: 16%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Decrease in Commodities Price</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 12%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 2%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 12%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">498,078</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 2%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 12%;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">996,156</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;&nbsp; (2) Gross margin from Ipiranga</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(498,078)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(996,156)</font></p>
</td>
</tr>
<tr style="height: 20px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 20px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">&nbsp;&nbsp; (1) + (2)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 20px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Net effect</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 20px; border-bottom: 2.8pt double #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 20px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 20px; border-bottom: 2.8pt double #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 20px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 20px; border-bottom: 2.8pt double #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
</tr>

</table>
<p style="font-size: 11pt; line-height: 115%; margin: 0pt 0pt 10pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 81px; width: 100%;" width="100%">

<tr style="height: 10px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">12/31/2019</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold; text-decoration: underline;">Risk</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Scenario I Likely</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Scenario II</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: bold;">Scenario III</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px; width: 44%; background-color: #cceeff;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">NDF Commodities</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 16%; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 12%; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 2%; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 12%; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 2%; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px; width: 12%; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;&nbsp; (1) NDF Commodities</font></p>
</td>
<td rowspan="2" style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 36px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Decrease in Commodities Price</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100,542</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,490,893</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,881,245</font></p>
</td>
</tr>
<tr style="height: 19px; background-color: #cceeff;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 19px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;&nbsp; (2) Gross margin from Ipiranga</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 19px; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(100,542)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 19px; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,490,893)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 19px; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(2,881,245)</font></p>
</td>
</tr>
<tr style="height: 18px;">
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px;">
<p style="margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">&nbsp;&nbsp; (1) + (2)</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Net effect</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; border-bottom: 2.8pt double #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; border-bottom: 2.8pt double #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 3pt; padding-right: 3pt; vertical-align: middle; height: 18px; border-bottom: 2.8pt double #000000;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
</tr>

</table>
<p style="font-size: 11pt; line-height: 115%; margin: 0pt 0pt 10pt; text-align: justify;"><br></p>
</div>
</div>
</div><div style="font-family: 'times new roman', times; font-size: 10pt;">
<div style="width: 8.5in; margin: 0 auto;">
<h1 style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="font-weight: bold;">34.</font><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: normal;"> </font><font style="font-weight: bold;">&nbsp;</font><font style="font-weight: bold;">Commitments (Consolidated)</font></font></h1>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt;" width="100%">

<tr style="height: 15.45pt;">
<td style="vertical-align: top; width: 18pt;">
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="font-style: italic; font-weight: bold;">a</font><font style="font-style: italic; font-weight: bold;">.</font><font style="font-style: italic; font-weight: bold;">&nbsp;</font></font></p>
</td>
<td style="vertical-align: top; width: 407.25pt;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold;">Contracts</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="font-weight: bold;">a.1</font><font style="font-weight: bold;"> </font>Subsidiary Tequimar has agreements with CODEBA, with the Complexo Industrial Portu&#225;rio Governador Eraldo Gueiros and with the company Empresa Maranhense de Administra&#231;&#227;o Portu&#225;ria, in connection with its port facilities in Aratu, Suape and Itaqui, respectively. Such agreements establish a minimum cargo movement of products, as shown below:</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin: 0px auto; font-family: 'times new roman'; font-size: 10pt; width: 80%; height: 95px;" width="80%">

<tr style="height: 17px;">
<td style="padding-right: 2.15pt; vertical-align: bottom; width: 88.35pt; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Port</font></p>
</td>
<td style="padding-right: 2.15pt; vertical-align: bottom; width: 162.05pt; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Minimum movement per year</font></p>
</td>
<td style="padding-right: 2.15pt; vertical-align: bottom; width: 103.1pt; height: 17px;">
<p style="line-height: 12pt; margin: 0pt 28.35pt 0pt 22.7pt; page-break-after: avoid; page-break-inside: avoid; text-align: center; text-indent: -11.35pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Maturity</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-right: 2.15pt; vertical-align: bottom; width: 88.35pt; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Aratu</font></p>
</td>
<td style="padding-right: 2.15pt; vertical-align: bottom; width: 162.05pt; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-size: 10pt; font-family: 'times new roman', times;">900,000 ton.</font></p>
</td>
<td style="padding-right: 2.15pt; vertical-align: bottom; width: 103.1pt; height: 10px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2022</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-right: 2.15pt; vertical-align: bottom; width: 88.35pt; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Suape</font></p>
</td>
<td style="padding-right: 2.15pt; vertical-align: bottom; width: 162.05pt; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-size: 10pt; font-family: 'times new roman', times;">250,000 ton.</font></p>
</td>
<td style="padding-right: 2.15pt; vertical-align: bottom; width: 103.1pt; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2027</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-right: 2.15pt; vertical-align: bottom; width: 88.35pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Suape</font></p>
</td>
<td style="padding-right: 2.15pt; vertical-align: bottom; width: 162.05pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-size: 10pt; font-family: 'times new roman', times;">400,000 ton.</font></p>
</td>
<td style="padding-right: 2.15pt; vertical-align: bottom; width: 103.1pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2029</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-right: 2.15pt; vertical-align: bottom; width: 88.35pt; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Aratu</font></p>
</td>
<td style="padding-right: 2.15pt; vertical-align: bottom; width: 162.05pt; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-size: 10pt; font-family: 'times new roman', times;">397,000 ton.</font></p>
</td>
<td style="padding-right: 2.15pt; vertical-align: bottom; width: 103.1pt; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2031</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-right: 2.15pt; vertical-align: bottom; width: 88.35pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Itaqui</font></p>
</td>
<td style="padding-right: 2.15pt; vertical-align: bottom; width: 162.05pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,222,377 m&#179;</font></p>
</td>
<td style="padding-right: 2.15pt; vertical-align: bottom; width: 103.1pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2049</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;">If the annual movement is less than the minimum contractual movement, the subsidiary is liable to pay the difference between the effective movement and the minimum contractual movement, based on the port tariff rates in effect on the date established for payment. As of June 30, 2020, these rates were R$ 8.37 and R$ 2.54 per ton for Aratu and Suape, respectively and R$ 0.71 per m&#179; for Itaqui. According to contractual conditions and tolerances, there are not material pending issues regarding the minimum purchase limitsof the contract.</font></p>
</div>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><br></font></p>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt; font-family: 'times new roman', times;" class="pageno"><font class='pageno'>123</font></font></td>
</tr>

</table>
<hr style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><a href="#TOC">Table of Contents</a></font></div>
</div>
<br>
<div style="width: 8.5in; margin: 0 auto;">
<p style="color: #000000; font-family: 'Times New Roman'; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: -webkit-left; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-style: initial; text-decoration-color: initial; margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;">Ultrapar Participa&#231;&#245;es S.A. and Subsidiaries</p>
<p style="color: #000000; font-family: 'Times New Roman'; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: -webkit-left; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-style: initial; text-decoration-color: initial; margin-top: 10pt; margin-bottom: 0pt; font-size: 10pt;">Notes to the <font style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: -webkit-left; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Parent's Separate</font> and Consolidated Interim Financial Information</p>
<p style="color: #000000; font-family: 'Times New Roman'; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: -webkit-left; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-style: initial; text-decoration-color: initial; margin-top: 10pt; margin-bottom: 0pt; font-size: 10pt;">(In thousands of Brazilian Reais, unless otherwise stated)&nbsp;</p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="font-weight: bold;">a.2</font><font style="font-weight: bold;"> </font>Subsidiary Oxiteno S.A. has a supply agreement with Braskem S.A. which establishes and regulates the conditions for the supply of ethylene to Oxiteno based on the international market for this product. These contracts establish a minimum commitment to according to the table below: </font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin: 0px auto; font-family: 'times new roman'; font-size: 10pt; width: 80%; height: 51px;" width="80%">

<tr style="height: 17px;">
<td style="padding-right: 2.15pt; vertical-align: bottom; width: 84.1pt; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Plant</font></p>
</td>
<td style="padding-right: 2.15pt; vertical-align: bottom; width: 167.25pt; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Minimum purchase (tons) per year</font></p>
</td>
<td style="padding-right: 2.15pt; vertical-align: bottom; width: 98.1pt; height: 17px;">
<p style="line-height: 12pt; margin: 0pt 28.35pt 0pt 22.7pt; page-break-after: avoid; page-break-inside: avoid; text-align: center; text-indent: -11.35pt;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Maturity</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-right: 2.15pt; vertical-align: bottom; width: 84.1pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Cama&#231;ari</font></p>
</td>
<td style="padding-right: 2.15pt; vertical-align: bottom; width: 167.25pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">205,000</font></p>
</td>
<td style="padding-right: 2.15pt; vertical-align: bottom; width: 98.1pt; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2021</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-right: 2.15pt; vertical-align: bottom; width: 84.1pt; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Mau&#225;</font></p>
</td>
<td style="padding-right: 2.15pt; vertical-align: bottom; width: 167.25pt; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">44,100</font></p>
</td>
<td style="padding-right: 2.15pt; vertical-align: bottom; width: 98.1pt; height: 17px;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2023</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Should the minimum purchase commitment not be met, the subsidiary would be liable for a fine based on the current ethylene price for the quantity not purchased. According to contractual conditions and tolerances, there are no material issues regarding the minimum purchase commitment.</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt;" width="100%">

<tr style="height: 15.45pt;">
<td style="vertical-align: top; width: 18pt;">
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="font-style: italic; font-weight: bold;">b</font><font style="font-style: italic; font-weight: bold;">.</font><font style="font-style: italic; font-weight: bold;">&nbsp;</font></font></p>
</td>
<td style="vertical-align: top; width: 407.25pt;">
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold;">Insurance Coverage</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;">The Company is supported by insurance policies with the objective of covering several risks to which it is exposed, including loss of profits, losses and damage from fire, lightning, explosion of any kind, gale, aircraft crash, electric damage, and other risks, covering the industrial plants and distribution bases and branches of all subsidiaries. The maximum compensation values based on the risk analysis of certain locations are shown below:</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt;" width="100%">

<tr style="height: 11.35pt;">
<td style="vertical-align: bottom; width: 56.7pt;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; width: 165.3pt;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 8pt; font-weight: bold;">Maximum compensation value (*)</font></p>
</td>
<td style="vertical-align: top; width: 203.25pt;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 11.35pt; background-color: #cceeff;">
<td style="vertical-align: bottom; width: 56.7pt; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Oxiteno</font></p>
</td>
<td style="vertical-align: bottom; width: 165.3pt; padding: 0px; background-color: #cceeff;">
<p style="margin: 0pt; break-after: avoid; break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">US$ 1,142</font></p>
</td>
<td style="vertical-align: bottom; width: 203.25pt; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;">(equivalent to R$ 6,254 milion as of 06/30/2020)</font></p>
</td>
</tr>
<tr style="height: 11.35pt;">
<td style="vertical-align: bottom; width: 56.7pt;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Ipiranga</font></p>
</td>
<td style="vertical-align: bottom; width: 165.3pt;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">R$ 1,530</font></p>
</td>
<td style="vertical-align: bottom; width: 203.25pt;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 11.35pt; background-color: #cceeff;">
<td style="vertical-align: bottom; width: 56.7pt; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Ultracargo</font></p>
</td>
<td style="vertical-align: bottom; width: 165.3pt; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">R$ 1,000</font></p>
</td>
<td style="vertical-align: bottom; width: 203.25pt; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 11.35pt;">
<td style="vertical-align: bottom; width: 56.7pt;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Ultragaz</font></p>
</td>
<td style="vertical-align: bottom; width: 165.3pt;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">R$ 272</font></p>
</td>
<td style="vertical-align: bottom; width: 203.25pt;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 11.35pt; background-color: #cceeff;">
<td style="vertical-align: bottom; width: 56.7pt; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Extrafarma</font></p>
</td>
<td style="vertical-align: bottom; width: 165.3pt; background-color: #cceeff;">
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">R$ 160</font></p>
</td>
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<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
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<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;">(*) In millions. In accordance with policy conditions.</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;">The General Liability Insurance program covers the Company and its subsidiaries with a maximum aggregate coverage of US$ 400 million (equivalent to R$ 2,190 million as of June 30, 2020), against losses caused to third parties as a result of accidents related to commercial and industrial operations and/or distribution and sale of products and services.</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;">The Company maintains liability insurance policies for directors and executive officers to indemnify the members of the Board of Directors, fiscal council, directors and executive officers of Ultrapar and its subsidiaries (&#8220;Insured&#8221;) in the total amount of US$ 80 million (equivalent to R$ 438 million as of June 30, 2020), which cover any of the Insured liabilities resulting from wrongful acts, including any act or omission committed or attempted, except if the act, omission or the claim is consequence of gross negligence or willful misconduct.</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;">In addition, group life and personal accident, health and national and international transportation, cyber risks and other insurance policies are also maintained.</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;">The coverage and limit of the insurance policies are based on a careful study of risks and losses conducted by independent insurance advisors. The type of insurance is considered by management to be sufficient to cover potential losses based on the nature of the business conducted by the companies.<br></font></p>
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<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><br></font></p>
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<p style="color: #000000; font-family: 'Times New Roman'; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: -webkit-left; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-style: initial; text-decoration-color: initial; margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;">Ultrapar Participa&#231;&#245;es S.A. and Subsidiaries</p>
<p style="color: #000000; font-family: 'Times New Roman'; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: -webkit-left; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-style: initial; text-decoration-color: initial; margin-top: 10pt; margin-bottom: 0pt; font-size: 10pt;">Notes to the <font style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: -webkit-left; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Parent's Separate&nbsp;</font>and Consolidated Interim Financial Information</p>
<p style="color: #000000; font-family: 'Times New Roman'; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: -webkit-left; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-style: initial; text-decoration-color: initial; margin-top: 10pt; margin-bottom: 0pt; font-size: 10pt;">(In thousands of Brazilian Reais, unless otherwise stated)</p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><br></font></p>
<p style="font-size: 11pt; line-height: 115%; margin: 0pt 0pt 10pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="font-style: italic; font-weight: bold;">c. </font><font style="font-style: italic; font-weight: bold;">Area port lease</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;">On March 22, 2019, Ultrapar, through its subsidiary IPP, won the port concessions of three areas with minimum storage capacity of 64 thousand m&#179; located at the port of Cabedelo, in the state of Para&#237;ba, and one area with minimum storage capacity of 66 thousand m&#179; at the port of Vit&#243;ria, in the state of Esp&#237;rito Santo, which will be designated for handling, storage and distribution of fuels. These concessions were carried out by two consortiums of which IPP holds one third of the total participation. For the port of Cabedelo, the companies Nordeste Log&#237;stica I, Nordeste Log&#237;stica II and Nordeste Log&#237;stica III were incorporated, in partnership with Ra&#237;zen Combust&#237;vel S.A. and Petrobr&#225;s Distribuidora S.A. For the port of Vit&#243;ria, the company Navegantes was incorporated, in partnership with Ra&#237;zen Combust&#237;vel S.A. and Petrobr&#225;s Distribuidora S.A. The total investments regarding IPP&#8217;s stake sums up to R$160 million for a concession term of 25 years.</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;">On April 5, 2019, Company, through its subsidiary IPP and Tequimar, also won three concessions. IPP won two concessions in the port of Miramar, in Bel&#233;m, state of Par&#225;: (i) area BEL02A, through a consortium 50% owned by IPP,that shall have minimum storage capacity of 41 thousand m&#179;, and (ii) area BEL04A, which is currently operated by IPP with minimum storage capacity of 23 thousand m&#179;. Such areas will be operated for at least 15 years, according to the auction notice. For the area BEL02, Latitude was incorporated, together with Petr&#243;leo Sabb&#225; S.A.. Tequimar won the concession of area VDC12 in the port of Vila do Conde, in Barcarena, state of Par&#225;. The minimum storage capacity will be 59 thousand m&#179;. The area will be operated by Tequimar for at least 25 years, according to the auction notice. For the area VDC12, Tequimar Vila do Conde Log&#237;stica Portu&#225;ria S.A. was incorporated (see Note 3.b). The estimated investments regarding the participation of IPP and Tequimar sums up to R$ 450 million, approximately, to be disbursed throughout the next five years including the auction grants and the minimum investment required for these areas.</font></p>
<p style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<h1 style="margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="font-weight: bold;">35.</font><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: normal;"> </font><font style="font-weight: bold;"> </font><font style="font-weight: bold;">Subsequent Event (Consolidated)</font></font></h1>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 2pt 0pt 8.25pt 21.3pt; text-align: justify; text-indent: -18pt;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="font-style: italic; font-weight: bold;">a. </font><font style="font-style: italic; font-weight: bold;">Emission of U</font><font style="font-style: italic; font-weight: bold;">S$ 350 milion in notes &#8211; notes </font><font style="font-style: italic; font-weight: bold;">2029 reopening</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;">On July 13, the subsidiary Ultrapar Internacional made an offer of notes representing debt denominated Notes in the foreign market (&#8220;Notes&#8221;), in the amount of US $ 350 million, maturing in 2029, to the coupon (interest) and yield of 5.25% per year, paid semiannually until the due date. The transaction was a reopening of the notes issued in 2019. The notes were guaranteed by the Company and the subsidiary IPP.</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="font-style: italic; font-weight: bold;">b. </font><font style="font-style: italic; font-weight: bold;">P</font><font style="font-style: italic; font-weight: bold;">aid off partial in advance </font><font style="font-style: italic; font-weight: bold;">of </font><font style="font-style: italic; font-weight: bold;">foreign loan</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;">The subsidiary Ipiranga made the paid off partial in advance of foreign loans in the amount of US $ 50 million on July 13, 2020. For more information on foreign loans, see note 16.c.1.</font></p>
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<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><br></font></p>
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<p style="color: #000000; font-family: 'Times New Roman'; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: -webkit-left; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-style: initial; text-decoration-color: initial; margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;">Ultrapar Participa&#231;&#245;es S.A. and Subsidiaries</p>
<p style="color: #000000; font-family: 'Times New Roman'; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: -webkit-left; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-style: initial; text-decoration-color: initial; margin-top: 10pt; margin-bottom: 0pt; font-size: 10pt;">Notes to the Parent's Separate and Consolidated Interim Financial Information</p>
<p style="color: #000000; font-family: 'Times New Roman'; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: -webkit-left; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-style: initial; text-decoration-color: initial; margin-top: 10pt; margin-bottom: 0pt; font-size: 10pt;">(In thousands of Brazilian Reais, unless otherwise stated)</p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold;"><br></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold;">c. Creation of company for digital payments</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;">On July 23, Ea&#237; Clube Automobilista S.A. was launched on the market, a company created to operate in the digital payments segment. Created on the solid bases of the programs Abastece A&#237; and Km de Vantagens, which are no longer part of the subsidiary Ipiranga, will operate under the brand Abastece A&#237;.</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;">The Abastece A&#237; will have new features and act as a complete service platform, including digital payment accounts for each customer. The application will also offer discounts and cashback on a growing network of retail partners. Credits in reais resulting from cashback will be deposited for users in their digital wallets and can be used at any time, at partner companies or for transfer to other participants of the Abastece A&#237;. Customers will continue to accumulate and rescue points in the loyalty program Km de Vantagens.</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><br></font></p>
<p style="margin: 0cm 0cm 0.0001pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"><b style="mso-bidi-font-weight: normal;"><i style="mso-bidi-font-style: normal;"><font lang="EN-US" style="mso-ansi-language: EN-US;">d. Issuance of shares of subscription warrants Extrafarma</font></i></b></font></p>
<p style="margin: 0cm 0cm 0.0001pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><br></p>
<p style="margin: 0cm 0cm 0.0001pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif;"><font lang="EN-US" style="mso-ansi-language: EN-US;"><font style="font-size: 10pt;">In August 12, 2020, the Company&#8217;s Board of Directors confirmed the issuance of 86,798 common shares within the authorized capital limit provided by the art. 6 of the Bylaws, due to the partial exercise of the rights conferred by the subscription warrants (see note 24) issued by the Company when the merger of all Extrafarma shares by the Company, approved by the extraordinary general meeting of the Company held in January 31, 2014. The share capital of the Company will therefore be represented by 1,115,005,712 common shares, all of which are registered and with no par value.</font></font></p>
<p style="margin: 0pt; text-align: justify;"><br></p>
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<p style="margin: 0pt;"><img src="imgghg4echtxvz05523316.jpg" alt="Graphics"></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 9.5pt; font-weight: bold;"><br></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold;">S&#227;o Paulo, </font><font style="font-weight: bold;">August </font><font style="font-weight: bold;">12</font><font style="font-weight: bold;">,</font><font style="font-weight: bold;"> </font><font style="font-weight: bold;">2020</font> &#8211; <font style="color: #051272; font-weight: bold;">Ultrapar P</font><font style="color: #051272; font-weight: bold;">a</font><font style="color: #051272; font-weight: bold;">rticipa&#231;&#245;es S.A</font><font style="color: #051272; font-weight: bold;">.</font><font style="color: #051272;"> </font>(&#8220;Company&#8221; or &#8220;Ultrapar&#8221;, B3: UGPA3 / NYSE: UGP), a company engaged in the Oil &amp; Gas sector through Ipiranga, Ultragaz and Ultracargo, specialty chemicals through Oxiteno and retail pharmacy with Extrafarma, today announces its results for the second quarter of 2020.</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9.5pt;">&nbsp;</font></p>
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<p style="margin: 0pt; text-align: center;"><font style="color: #404040; font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold;">Net revenues</font></p>
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<p style="margin: 0pt; text-align: center;"><font style="color: #404040; font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold;">Adjusted </font><font style="color: #404040; font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold;">EBITDA</font></p>
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<p style="margin: 0pt; text-align: center;"><font style="color: #404040; font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold;">Net Income</font></p>
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<p style="margin: 0pt; text-align: center;"><font style="color: #404040; font-family: 'Century Gothic'; font-size: 15pt; font-weight: bold;">R$</font><font style="color: #404040; font-family: 'Century Gothic'; font-size: 15pt;"> </font><font style="color: #404040; font-family: 'Century Gothic'; font-size: 15pt; font-weight: bold;">16</font></p>
<p style="margin: 0pt 0pt 10pt; text-align: center;"><font style="color: #404040; font-family: 'Century Gothic'; font-size: 15pt; font-weight: bold;">billion</font></p>
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<p style="margin: 0pt 0pt 10pt; text-align: center;"><font style="color: #404040; font-family: 'Century Gothic'; font-size: 15pt; font-weight: bold;">R$ </font><font style="color: #404040; font-family: 'Century Gothic'; font-size: 15pt; font-weight: bold;">611</font><br><font style="color: #404040; font-family: 'Century Gothic'; font-size: 15pt; font-weight: bold;">million</font></p>
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<p style="margin: 0pt; text-align: center;"><font style="color: #404040; font-family: 'Century Gothic'; font-size: 15pt; font-weight: bold;">R$</font><font style="color: #404040; font-family: 'Century Gothic'; font-size: 15pt;"> </font><font style="color: #404040; font-family: 'Century Gothic'; font-size: 15pt; font-weight: bold;">50</font></p>
<p style="margin: 0pt 0pt 10pt; text-align: center;"><font style="color: #404040; font-family: 'Century Gothic'; font-size: 15pt; font-weight: bold;">million</font></p>
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<p style="margin: 0pt 0pt 10pt;"><font style="color: #404040; font-family: 'Century Gothic'; font-size: 5pt; font-weight: bold;">&nbsp;</font></p>
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<p style="margin: 0pt; text-align: center;"><font style="color: #404040; font-family: 'Century Gothic'; font-size: 11pt; font-weight: bold;">Investments</font></p>
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<p style="margin: 0pt; text-align: center;"><font style="color: #404040; font-family: 'Century Gothic'; font-size: 11pt; font-weight: bold;">Cash flow from operations</font><font style="color: #404040; font-family: 'Century Gothic'; font-size: 11pt; font-weight: bold;"> &#8211; 1H20</font></p>
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<p style="margin: 0pt; text-align: center;"><font style="color: #404040; font-family: 'Century Gothic'; font-size: 11pt; font-weight: bold;">Market Cap</font></p>
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<td style="background-color: #f2f2f2; border-top-color: #002060 !important; border-top-style: dotted !important; border-top-width: 2.25pt !important; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 149.75pt;">
<p style="margin: 0pt; text-align: center;"><font style="color: #404040; font-family: 'Century Gothic'; font-size: 14pt; font-weight: bold;">R$</font><font style="color: #404040; font-family: 'Century Gothic'; font-size: 14pt; font-weight: bold;"> </font><font style="color: #404040; font-family: 'Century Gothic'; font-size: 14pt; font-weight: bold;">3</font><font style="color: #404040; font-family: 'Century Gothic'; font-size: 14pt; font-weight: bold;">6</font><font style="color: #404040; font-family: 'Century Gothic'; font-size: 14pt; font-weight: bold;">1</font><br><font style="color: #404040; font-family: 'Century Gothic'; font-size: 14pt; font-weight: bold;">million</font></p>
</td>
<td style="background-color: #f2f2f2; border-top-color: #002060 !important; border-top-style: dotted !important; border-top-width: 2.25pt !important; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 210.75pt;">
<p style="margin: 0pt 0pt 10pt; text-align: center;"><font style="color: #404040; font-family: 'Century Gothic'; font-size: 14pt; font-weight: bold;">R$ </font><font style="color: #404040; font-family: 'Century Gothic'; font-size: 14pt; font-weight: bold;">1</font><font style="color: #404040; font-family: 'Century Gothic'; font-size: 14pt; font-weight: bold;">.</font><font style="color: #404040; font-family: 'Century Gothic'; font-size: 14pt; font-weight: bold;">8</font><br><font style="color: #404040; font-family: 'Century Gothic'; font-size: 14pt; font-weight: bold;">bil</font><font style="color: #404040; font-family: 'Century Gothic'; font-size: 14pt; font-weight: bold;">lion</font></p>
</td>
<td style="background-color: #f2f2f2; border-top-color: #002060 !important; border-top-style: dotted !important; border-top-width: 2.25pt !important; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 149.7pt;">
<p style="margin: 0pt; text-align: center;"><font style="color: #404040; font-family: 'Century Gothic'; font-size: 14pt; font-weight: bold;">R$</font><font style="color: #404040; font-family: 'Century Gothic'; font-size: 14pt;"> </font><font style="color: #404040; font-family: 'Century Gothic'; font-size: 14pt; font-weight: bold;">20</font></p>
<p style="margin: 0pt; text-align: center;"><font style="color: #404040; font-family: 'Century Gothic'; font-size: 14pt; font-weight: bold;">billion</font></p>
</td>
</tr>

</table>
<p style="margin: 10pt 0pt 10pt; text-align: justify;"><font style="color: #051272; font-family: 'times new roman', times; font-size: 11pt; font-weight: bold;">Highlights</font></p>
<p style="margin: 0pt 0pt 10pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-style: italic;">The new coronavirus</font><font style="font-style: italic;"> pandemic</font><font style="font-style: italic;"> has had major impacts on and created challenges for companies, governments and </font><font style="font-style: italic;">the </font><font style="font-style: italic;">society, accelerating </font><font style="font-style: italic;">trends</font><font style="font-style: italic;"> and g</font><font style="font-style: italic;">enerating</font><font style="font-style: italic;"> structural changes</font><font style="font-style: italic;">.</font><font style="font-style: italic;"> </font><font style="font-style: italic;">Despite</font><font style="font-style: italic;"> the uncertainties, the outlook is </font><font style="font-style: italic;">for</font><font style="font-style: italic;"> gradual recovery in </font><font style="font-style: italic;">the </font><font style="font-style: italic;">businesses and the economy</font><font style="font-style: italic;">,</font><font style="font-style: italic;"> driven by the actions of </font><font style="font-style: italic;">the </font><font style="font-style: italic;">private </font><font style="font-style: italic;">sector</font><font style="font-style: italic;">, government stimulus </font><font style="font-style: italic;">as well as the flexibilization of</font><font style="font-style: italic;"> restrictions on personal mobility</font><font style="font-style: italic;">.</font><font style="font-style: italic;"> </font></font></p>
<p style="margin: 0pt 0pt 10pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-style: italic;">We promptly </font><font style="font-style: italic;">took measures </font><font style="font-style: italic;">on various fronts for guaranteeing the health and safety of our employees and clients, supporting our partners and resellers</font><font style="font-style: italic;">, </font><font style="font-style: italic;">ensuring financial liquidity</font><font style="font-style: italic;"> and</font><font style="font-style: italic;"> </font><font style="font-style: italic;">ascertaining that ou</font><font style="font-style: italic;">r</font><font style="font-style: italic;"> essential services were </font><font style="font-style: italic;">maintained</font><font style="font-style: italic;"> </font><font style="font-style: italic;">at the disposal of the population</font><font style="font-style: italic;">. </font><font style="font-style: italic;">We</font><font style="font-style: italic;"> </font><font style="font-style: italic;">a</font><font style="font-style: italic;">lso</font><font style="font-style: italic;"> strengthened o</font><font style="font-style: italic;">ur</font><font style="font-style: italic;"> </font><font style="font-style: italic;">social </font><font style="font-style: italic;">initiatives</font><font style="font-style: italic;"> for the benefit of society</font><font style="font-style: italic;"> </font><font style="font-style: italic;">as</font><font style="font-style: italic;"> part of</font><font style="font-style: italic;"> our</font><font style="font-style: italic;"> contributi</font><font style="font-style: italic;">on for</font><font style="font-style: italic;"> tackling the pandemic</font><font style="font-style: italic;">. </font></font></p>
<p style="margin: 0pt 0pt 10pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-style: italic;">Despite the </font><font style="font-style: italic;">significant</font><font style="font-style: italic;"> impact </font><font style="font-style: italic;">on</font><font style="font-style: italic;"> Ipiranga</font><font style="font-style: italic;">&#8217;s results</font><font style="font-style: italic;">,</font><font style="font-style: italic;"> </font><font style="font-style: italic;">the </font><font style="font-style: italic;">performance </font><font style="font-style: italic;">in the quarter </font><font style="font-style: italic;">was marked by the resilience of </font><font style="font-style: italic;">Ultrapa</font><font style="font-style: italic;">r&#8217;s portfolio</font><font style="font-style: italic;">,</font><font style="font-style: italic;"> </font><font style="font-style: italic;">with the Company&#8217;s other businesses reporting growing </font><font style="font-style: italic;">and robust </font><font style="font-style: italic;">results.</font><font style="font-style: italic;"> </font><font style="font-style: italic;">Measures for cash </font><font style="font-style: italic;">preservation</font><font style="font-style: italic;">,</font><font style="font-style: italic;"> such as </font><font style="font-style: italic;">contingency</font><font style="font-style: italic;"> </font><font style="font-style: italic;">in </font><font style="font-style: italic;">CAPEX </font><font style="font-style: italic;">and </font><font style="font-style: italic;">OPEX</font><font style="font-style: italic;">, combined with an improvement in working capital</font><font style="font-style: italic;">, </font><font style="font-style: italic;">all led </font><font style="font-style: italic;">to a</font><font style="font-style: italic;"> strong cash generation and a slight reduction in </font><font style="font-style: italic;">our </font><font style="font-style: italic;">financial leverage</font><font style="font-style: italic;">. </font><font style="font-style: italic;">In July</font><font style="font-style: italic;">,</font><font style="font-style: italic;"> we reopened the 2029 notes in the international market</font><font style="font-style: italic;"> </font><font style="font-style: italic;">and rai</font><font style="font-style: italic;">s</font><font style="font-style: italic;">ed</font><font style="font-style: italic;"> US$ 350 </font><font style="font-style: italic;">million</font><font style="font-style: italic;">,</font><font style="font-style: italic;"> </font><font style="font-style: italic;">strengthening our liquidity and improving our debt profile</font><font style="font-style: italic;">. </font><font style="font-style: italic;">In addition, we announced the launch of our digital payments business</font><font style="font-style: italic;">,</font><font style="font-style: italic;"> leveraging</font><font style="font-style: italic;"> the</font><font style="font-style: italic;"> existing</font><font style="font-style: italic;"> </font><font style="font-style: italic;">&#8220;</font><font style="font-style: italic;">a</font><font style="font-style: italic;">bastece </font><font style="font-style: italic;">a</font><font style="font-style: italic;">&#237;</font><font style="font-style: italic;">&#8221;</font><font style="font-style: italic;"> (&#8220;Fill up here&#8221;</font><font style="font-style: italic;">)</font><font style="font-style: italic;">payment app</font><font style="font-style: italic;"> </font><font style="font-style: italic;">and</font><font style="font-style: italic;"> </font><font style="font-style: italic;">&#8220;</font><font style="font-style: italic;">Km de Vantagens</font><font style="font-style: italic;">&#8221;</font><font style="font-style: italic;"> (</font><font style="font-style: italic;">&#8220;</font><font style="font-style: italic;">Km of Advantages</font><font style="font-style: italic;">&#8221;</font><font style="font-style: italic;">)</font><font style="font-style: italic;"> </font><font style="font-style: italic;">loyalty platform </font><font style="font-style: italic;">structures </font><font style="font-style: italic;">and opening a new path </font><font style="font-style: italic;">for </font><font style="font-style: italic;">growth</font><font style="font-style: italic;">. </font></font></p>
<p style="margin: 0pt 0pt 10pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-style: italic;">And all of this has only been possible thanks to the dedication, </font><font style="font-style: italic;">responsiveness </font><font style="font-style: italic;">and flexibility</font><font style="font-style: italic;"> of our teams in adapting to this new reality</font><font style="font-style: italic;">,</font><font style="font-style: italic;"> </font><font style="font-style: italic;">maintaining efficiency and productivity as </font><font style="font-style: italic;">usual</font><font style="font-style: italic;">. This is</font><font style="font-style: italic;"> a source of motivation and an incentive for us to </font><font style="font-style: italic;">advance towards</font><font style="font-style: italic;"> achiev</font><font style="font-style: italic;">ing</font><font style="font-style: italic;"> our </font><font style="font-style: italic;">corporate </font><font style="font-style: italic;">purpose</font><font style="font-style: italic;">.</font></font></p>
<p style="margin: 0pt 0pt 10pt;"><font style="font-family: 'Century Gothic'; font-size: 9.5pt; font-style: italic;"><img src="img5i5h4ql2oys05523316.jpg" style="display: block; margin-left: auto; margin-right: auto;" alt="Graphics"></font></p>
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<td class="pgno" style="padding: 0px; text-align: center;"><br></td>
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<hr style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
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<p style="margin: 0in 0in 0.0001pt; font-size: 10pt; font-family: 'Century Gothic', sans-serif; color: #000000;"><font style="font-size: 14.0pt; mso-bidi-font-size: 9.5pt; font-family: 'Open Sans','sans-serif'; color: #051272; mso-themecolor: accent1;"><font style="mso-spacerun: yes;">&nbsp;</font></font><font style="font-size: 14.0pt; mso-bidi-font-size: 9.5pt; font-family: 'Open Sans','sans-serif'; color: #051272; mso-themecolor: accent1; mso-ansi-language: EN-US;">2<sup>nd</sup> QUARTER 2020</font><font style="mso-ansi-language: EN-US;"></font></p>
</td>
<td style="width: 50%; text-align: right;"><img src="imgat4iqtqxn0x05523316.jpg" alt="Graphics"></td>
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</table>
<p><br></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt;" width="100%">

<tr style="height: 7.1pt;">
<td style="border-bottom-color: #051272 !important; border-bottom-style: solid !important; border-bottom-width: 2.25pt !important; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; width: 518.75pt;">
<p style="line-height: 14pt; margin: 0pt 0pt 6pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="color: #051272; font-weight: bold;">Considera</font><font style="color: #051272; font-weight: bold;">tions on the financial and operational information</font></font></p>
</td>
</tr>

</table>
<p style="margin: 8pt 0pt 0pt; page-break-inside: avoid; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;">The financial information presented in this document has been prepared according to International Financial Reporting Standards (IFRS) norms. The financial information of Ultrapar corresponds to the Company&#8217;s consolidated information. The information on Ultragaz, Ultracargo, Oxiteno, Ipiranga and Extrafarma is reported without the elimination of intersegment transactions. Therefore, the sum of such information may not correspond to Ultrapar&#8217;s consolidated information. Additionally, the financial and operational information presented in this document is subject to rounding and consequently, the total amounts presented in the tables and charts may differ from the direct sum of the amounts that precede them. </font></p>
<p style="font-size: 9pt; line-height: 115%; margin: 6pt 0pt 0pt; page-break-inside: avoid; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;">We emphasize that all the financial information shown in this document includes the adoption of the IFRS 16 norm and the segregation of certain expenses pertaining to the Holding.</font></p>
<p style="font-size: 10pt; line-height: 115%; margin: 6pt 0pt 0pt; page-break-inside: avoid; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;">Information denominated EBITDA &#8211; Earnings Before Interest, Taxes on Income and Social Contribution on Net Income, Depreciation and Amortization; Adjusted EBITDA &#8211; adjusted for amortization of contractual assets with customers &#8211; exclusive rights and cash flow hedge of the bonds; and EBIT &#8211; Earnings Before Interest and Taxes on Income and Social Contribution on Net Income is presented in accordance with Instruction 527, issued by the Brazilian Securities and Exchange Commission - CVM on October 4, 2012. The calculation of EBITDA based on net earnings is shown below:</font></p>
<p style="font-size: 10pt; line-height: 115%; margin: 6pt 0pt 0pt; page-break-inside: avoid; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><br></font></p>
<table border="0" cellpadding="0" cellspacing="0" width="80%" style="height: 323px; border-collapse: collapse; width: 80%; margin: 0px auto; text-indent: 0px; font-family: 'times new roman'; font-size: 10pt;">

<tr style="height: 20px;">
<td height="20" style="height: 20px;">&nbsp;</td>
<td style="height: 20px;">&nbsp;</td>
<td colspan="5" style="text-align: center; height: 20px; border-bottom: 1pt solid #000000;"><font style="font-weight: bold; font-size: 8pt;">Quarter</font></td>
<td style="text-align: center; height: 20px;"><font style="font-weight: bold; font-size: 8pt;">&nbsp;</font></td>
<td colspan="3" style="text-align: center; height: 20px; border-bottom: 1pt solid #000000;"><font style="font-weight: bold; font-size: 8pt;">Semester</font></td>
<td style="text-align: center;"><br></td>
</tr>
<tr style="height: 20px; background-color: #cceeff;">
<td height="20" style="height: 20px; background-color: #cceeff; width: 49%;"><font style="font-weight: bold; font-size: 8pt;">R$ million</font></td>
<td style="height: 20px; background-color: #cceeff; width: 1%;"><font style="font-size: 8pt;">&nbsp;</font></td>
<td style="text-align: center; height: 20px; border-bottom: 1pt solid #000000; background-color: #cceeff; width: 9%;"><font style="font-weight: bold; font-size: 8pt;">2Q20</font></td>
<td style="text-align: center; height: 20px; background-color: #cceeff; width: 1%;"><font style="font-weight: bold; font-size: 8pt;">&nbsp;</font></td>
<td style="text-align: center; height: 20px; border-bottom: 1pt solid #000000; background-color: #cceeff; width: 9%;"><font style="font-weight: bold; font-size: 8pt;">2Q19</font></td>
<td style="text-align: center; height: 20px; background-color: #cceeff; width: 1%;"><font style="font-weight: bold; font-size: 8pt;">&nbsp;</font></td>
<td style="text-align: center; height: 20px; border-bottom: 1pt solid #000000; background-color: #cceeff; width: 9%;"><font style="font-weight: bold; font-size: 8pt;">1Q20</font></td>
<td style="text-align: center; height: 20px; background-color: #cceeff; width: 1%;"><font style="font-weight: bold; font-size: 8pt;">&nbsp;</font></td>
<td style="text-align: center; height: 20px; border-bottom: 1pt solid #000000; background-color: #cceeff; width: 9%;"><font style="font-weight: bold; font-size: 8pt;">1H20</font></td>
<td style="text-align: center; height: 20px; background-color: #cceeff; width: 1%;"><font style="font-weight: bold; font-size: 8pt;">&nbsp;</font></td>
<td style="text-align: center; height: 20px; border-bottom: 1pt solid #000000; background-color: #cceeff; width: 9%;"><font style="font-weight: bold; font-size: 8pt;">1H19</font></td>
<td style="text-align: center; background-color: #cceeff; width: 1%;"><br></td>
</tr>
<tr style="height: 20px;">
<td height="20" style="height: 20px;"><font style="font-weight: bold;">Net income</font></td>
<td style="height: 20px;">&nbsp;</td>
<td align="right" style="height: 20px; text-align: right;">50.0</td>
<td style="height: 20px; text-align: right;">&nbsp;</td>
<td align="right" style="height: 20px; text-align: right;">120.7</td>
<td style="height: 20px; text-align: right;">&nbsp;</td>
<td align="right" style="height: 20px; text-align: right;">168.9</td>
<td style="height: 20px; text-align: right;">&nbsp;</td>
<td align="right" style="height: 20px; text-align: right;">218.9</td>
<td style="height: 20px; text-align: right;">&nbsp;</td>
<td align="right" style="height: 20px; text-align: right;">363.3</td>
<td style="text-align: right;"><br></td>
</tr>
<tr style="height: 19px; background-color: #cceeff;">
<td height="20" style="height: 19px; background-color: #cceeff; padding-left: 30px;">(+) Income and social contribution taxes</td>
<td style="height: 19px; background-color: #cceeff;">&nbsp;</td>
<td align="right" style="height: 19px; text-align: right; background-color: #cceeff;">56.2</td>
<td style="height: 19px; text-align: right; background-color: #cceeff;">&nbsp;</td>
<td align="right" style="height: 19px; text-align: right; background-color: #cceeff;">88.7</td>
<td style="height: 19px; text-align: right; background-color: #cceeff;">&nbsp;</td>
<td align="right" style="height: 19px; text-align: right; background-color: #cceeff;">137.1</td>
<td style="height: 19px; text-align: right; background-color: #cceeff;">&nbsp;</td>
<td align="right" style="height: 19px; text-align: right; background-color: #cceeff;">193.3</td>
<td style="height: 19px; text-align: right; background-color: #cceeff;">&nbsp;</td>
<td align="right" style="height: 19px; text-align: right; background-color: #cceeff;">256.9</td>
<td style="text-align: right; background-color: #cceeff;"><br></td>
</tr>
<tr style="height: 20px;">
<td height="20" style="height: 20px; padding-left: 30px;">(+) Financial (income) expenses, net</td>
<td style="height: 20px;">&nbsp;</td>
<td align="right" style="height: 20px; text-align: right;">80.3</td>
<td style="height: 20px; text-align: right;">&nbsp;</td>
<td align="right" style="height: 20px; text-align: right;">92.2</td>
<td style="height: 20px; text-align: right;">&nbsp;</td>
<td align="right" style="height: 20px; text-align: right;">167.6</td>
<td style="height: 20px; text-align: right;">&nbsp;</td>
<td align="right" style="height: 20px; text-align: right;">248.0</td>
<td style="height: 20px; text-align: right;">&nbsp;</td>
<td align="right" style="height: 20px; text-align: right;">91.3</td>
<td style="text-align: right;"><br></td>
</tr>
<tr style="height: 20px; background-color: #cceeff;">
<td height="20" style="height: 20px; background-color: #cceeff; padding-left: 30px;">(+) Depreciation and amortization</td>
<td style="height: 20px; background-color: #cceeff;">&nbsp;</td>
<td align="right" style="height: 20px; text-align: right; background-color: #cceeff;">313.4</td>
<td style="height: 20px; text-align: right; background-color: #cceeff;">&nbsp;</td>
<td align="right" style="height: 20px; text-align: right; background-color: #cceeff;">281.3</td>
<td style="height: 20px; text-align: right; background-color: #cceeff;">&nbsp;</td>
<td align="right" style="height: 20px; text-align: right; background-color: #cceeff;">303.7</td>
<td style="height: 20px; text-align: right; background-color: #cceeff;">&nbsp;</td>
<td align="right" style="height: 20px; text-align: right; background-color: #cceeff;">617.1</td>
<td style="height: 20px; text-align: right; background-color: #cceeff;">&nbsp;</td>
<td align="right" style="height: 20px; text-align: right; background-color: #cceeff;">570.1</td>
<td style="text-align: right; background-color: #cceeff;"><br></td>
</tr>
<tr style="height: 10px;">
<td height="20" style="height: 10px;"><font style="font-weight: bold;">EBITDA</font></td>
<td style="height: 10px;">&nbsp;</td>
<td align="right" style="height: 10px; border-top: 1pt solid #000000; border-bottom: 1pt solid #000000; text-align: right;"><font style="font-weight: bold;">500.0</font></td>
<td style="height: 10px; text-align: right;"><font style="font-weight: bold;">&nbsp;</font></td>
<td align="right" style="height: 10px; border-top: 1pt solid #000000; border-bottom: 1pt solid #000000; text-align: right;"><font style="font-weight: bold;">583.0</font></td>
<td style="height: 10px; text-align: right;"><font style="font-weight: bold;">&nbsp;</font></td>
<td align="right" style="height: 10px; border-top: 1pt solid #000000; border-bottom: 1pt solid #000000; text-align: right;"><font style="font-weight: bold;">777.3</font></td>
<td style="height: 10px; text-align: right;"><font style="font-weight: bold;">&nbsp;</font></td>
<td align="right" style="height: 10px; border-top: 1pt solid #000000; border-bottom: 1pt solid #000000; text-align: right;"><font style="font-weight: bold;">1,277.3</font></td>
<td style="height: 10px; text-align: right;"><font style="font-weight: bold;">&nbsp;</font></td>
<td align="right" style="height: 10px; border-top: 1pt solid #000000; border-bottom: 1pt solid #000000; text-align: right;"><font style="font-weight: bold;">1,281.6</font></td>
<td style="text-align: right;"><br></td>
</tr>
<tr style="height: 20px; background-color: #cceeff;">
<td height="20" style="height: 20px; background-color: #cceeff;"><font style="font-weight: bold;">Adjustments</font></td>
<td style="height: 20px; background-color: #cceeff;">&nbsp;</td>
<td style="height: 20px; text-align: right; background-color: #cceeff;">&nbsp;</td>
<td style="height: 20px; text-align: right; background-color: #cceeff;">&nbsp;</td>
<td style="height: 20px; text-align: right; background-color: #cceeff;">&nbsp;</td>
<td style="height: 20px; text-align: right; background-color: #cceeff;">&nbsp;</td>
<td style="height: 20px; text-align: right; background-color: #cceeff;">&nbsp;</td>
<td style="height: 20px; text-align: right; background-color: #cceeff;">&nbsp;</td>
<td style="height: 20px; text-align: right; background-color: #cceeff;">&nbsp;</td>
<td style="height: 20px; text-align: right; background-color: #cceeff;">&nbsp;</td>
<td style="height: 20px; text-align: right; background-color: #cceeff;">&nbsp;</td>
<td style="text-align: right; background-color: #cceeff;"><br></td>
</tr>
<tr style="height: 34px;">
<td height="20" style="height: 34px; padding-left: 30px;">(+) Amortization of contractual assets with customers - exclusive rights (Ipiranga and Ultragaz)</td>
<td style="height: 34px;">&nbsp;</td>
<td align="right" style="height: 34px; text-align: right;">68.0</td>
<td style="height: 34px; text-align: right;">&nbsp;</td>
<td align="right" style="height: 34px; text-align: right;">94.2</td>
<td style="height: 34px; text-align: right;">&nbsp;</td>
<td align="right" style="height: 34px; text-align: right;">82.9</td>
<td style="height: 34px; text-align: right;">&nbsp;</td>
<td align="right" style="height: 34px; text-align: right;">150.9</td>
<td style="height: 34px; text-align: right;">&nbsp;</td>
<td align="right" style="height: 34px; text-align: right;">177.8</td>
<td style="text-align: right;"><br></td>
</tr>
<tr style="height: 20px; background-color: #cceeff;">
<td height="20" style="height: 20px; background-color: #cceeff; padding-left: 30px;">(+) Cash flow hedge from bonds</td>
<td style="height: 20px; background-color: #cceeff;">&nbsp;</td>
<td align="right" style="height: 20px; text-align: right; background-color: #cceeff;">43.1</td>
<td style="height: 20px; text-align: right; background-color: #cceeff;">&nbsp;</td>
<td style="height: 20px; text-align: right; background-color: #cceeff;">-</td>
<td style="height: 20px; text-align: right; background-color: #cceeff;">&nbsp;</td>
<td align="right" style="height: 20px; text-align: right; background-color: #cceeff;">19.6</td>
<td style="height: 20px; text-align: right; background-color: #cceeff;">&nbsp;</td>
<td align="right" style="height: 20px; text-align: right; background-color: #cceeff;">62.7</td>
<td style="height: 20px; text-align: right; background-color: #cceeff;">&nbsp;</td>
<td style="height: 20px; text-align: right; background-color: #cceeff;">-</td>
<td style="text-align: right; background-color: #cceeff;"><br></td>
</tr>
<tr style="height: 20px; break-inside: avoid;">
<td height="20" style="height: 20px;"><font style="font-weight: bold;">Adjusted EBITDA</font></td>
<td style="height: 20px;"><font style="font-weight: bold;">&nbsp;</font></td>
<td align="right" style="height: 20px; border-top: 1pt solid #000000; border-bottom: 1pt solid #000000; text-align: right;"><font style="font-weight: bold;">611.0</font></td>
<td style="height: 20px; text-align: right;"><font style="font-weight: bold;">&nbsp;</font></td>
<td align="right" style="height: 20px; border-top: 1pt solid #000000; border-bottom: 1pt solid #000000; text-align: right;"><font style="font-weight: bold;">677.2</font></td>
<td style="height: 20px; text-align: right;"><font style="font-weight: bold;">&nbsp;</font></td>
<td align="right" style="height: 20px; border-top: 1pt solid #000000; border-bottom: 1pt solid #000000; text-align: right;"><font style="font-weight: bold;">879.8</font></td>
<td style="height: 20px; text-align: right;"><font style="font-weight: bold;">&nbsp;</font></td>
<td align="right" style="height: 20px; border-top: 1pt solid #000000; border-bottom: 1pt solid #000000; text-align: right;"><font style="font-weight: bold;">1490.9</font></td>
<td style="height: 20px; text-align: right;"><font style="font-weight: bold;">&nbsp;</font></td>
<td align="right" style="height: 20px; border-top: 1pt solid #000000; border-bottom: 1pt solid #000000; text-align: right;"><font style="font-weight: bold;">1,459.50</font></td>
<td style="text-align: right;"><br></td>
</tr>
<tr style="height: 20px; break-inside: avoid; background-color: #cceeff;">
<td height="20" style="height: 20px; background-color: #cceeff;"><font style="font-weight: bold;">Non-recurring&nbsp;items</font></td>
<td style="height: 20px; background-color: #cceeff;">&nbsp;</td>
<td style="height: 20px; text-align: right; background-color: #cceeff;">&nbsp;</td>
<td style="height: 20px; text-align: right; background-color: #cceeff;">&nbsp;</td>
<td style="height: 20px; text-align: right; background-color: #cceeff;">&nbsp;</td>
<td style="height: 20px; text-align: right; background-color: #cceeff;">&nbsp;</td>
<td style="height: 20px; text-align: right; background-color: #cceeff;">&nbsp;</td>
<td style="height: 20px; text-align: right; background-color: #cceeff;">&nbsp;</td>
<td style="height: 20px; text-align: right; background-color: #cceeff;">&nbsp;</td>
<td style="height: 20px; text-align: right; background-color: #cceeff;">&nbsp;</td>
<td style="height: 20px; text-align: right; background-color: #cceeff;">&nbsp;</td>
<td style="text-align: right; background-color: #cceeff;"><br></td>
</tr>
<tr style="height: 20px;">
<td height="20" style="height: 20px; padding-left: 30px;">(+) TAC in Ultracargo</td>
<td style="height: 20px;">&nbsp;</td>
<td style="height: 20px; text-align: right;">-</td>
<td style="height: 20px; text-align: right;">&nbsp;</td>
<td align="right" style="height: 20px; text-align: right;">52.5</td>
<td style="height: 20px; text-align: right;">&nbsp;</td>
<td style="height: 20px; text-align: right;">-</td>
<td style="height: 20px; text-align: right;">&nbsp;</td>
<td style="height: 20px; text-align: right;">-</td>
<td style="height: 20px; text-align: right;">&nbsp;</td>
<td align="right" style="height: 20px; text-align: right;">52.5</td>
<td style="text-align: right;"><br></td>
</tr>
<tr style="height: 20px; break-inside: avoid; background-color: #cceeff;">
<td height="20" style="height: 20px; background-color: #cceeff; padding-left: 30px;">(+) Tax credits in Oxiteno</td>
<td style="height: 20px; background-color: #cceeff;">&nbsp;</td>
<td style="height: 20px; text-align: right; background-color: #cceeff;">-</td>
<td style="height: 20px; text-align: right; background-color: #cceeff;">&nbsp;</td>
<td style="height: 20px; text-align: right; background-color: #cceeff;">-</td>
<td style="height: 20px; text-align: right; background-color: #cceeff;">&nbsp;</td>
<td align="right" style="height: 20px; text-align: right; background-color: #cceeff;">(70.9)</td>
<td style="height: 20px; text-align: right; background-color: #cceeff;">&nbsp;</td>
<td align="right" style="height: 20px; text-align: right; background-color: #cceeff;">(70.9)</td>
<td style="height: 20px; text-align: right; background-color: #cceeff;">&nbsp;</td>
<td style="height: 20px; text-align: right; background-color: #cceeff;">-</td>
<td style="text-align: right; background-color: #cceeff;"><br></td>
</tr>
<tr style="height: 20px; break-inside: avoid;">
<td height="20" style="height: 20px; padding-left: 30px;">(+) Tax credits in Ultracargo</td>
<td style="height: 20px;">&nbsp;</td>
<td align="right" style="height: 20px; text-align: right;">(11.7)</td>
<td style="height: 20px; text-align: right;">&nbsp;</td>
<td style="height: 20px; text-align: right;">-</td>
<td style="height: 20px; text-align: right;">&nbsp;</td>
<td style="height: 20px; text-align: right;">-</td>
<td style="height: 20px; text-align: right;">&nbsp;</td>
<td align="right" style="height: 20px; text-align: right;">(11.7)</td>
<td style="height: 20px; text-align: right;">&nbsp;</td>
<td style="height: 20px; text-align: right;">-</td>
<td style="text-align: right;"><br></td>
</tr>
<tr style="height: 20px; break-inside: avoid; background-color: #cceeff;">
<td height="20" style="height: 20px; background-color: #cceeff;"><font style="font-weight: bold;">Adjusted EBITDA&nbsp;ex-non-recurring&nbsp;items</font></td>
<td style="height: 20px; background-color: #cceeff;"><font style="font-weight: bold;">&nbsp;</font></td>
<td align="right" style="height: 20px; border-top: 1pt solid #000000; border-bottom: 1pt solid #000000; text-align: right; background-color: #cceeff;"><font style="font-weight: bold;">599.3</font></td>
<td style="height: 20px; text-align: right; background-color: #cceeff;"><font style="font-weight: bold;">&nbsp;</font></td>
<td align="right" style="height: 20px; border-top: 1pt solid #000000; border-bottom: 1pt solid #000000; text-align: right; background-color: #cceeff;"><font style="font-weight: bold;">729.7</font></td>
<td style="height: 20px; text-align: right; background-color: #cceeff;"><font style="font-weight: bold;">&nbsp;</font></td>
<td align="right" style="height: 20px; border-top: 1pt solid #000000; border-bottom: 1pt solid #000000; text-align: right; background-color: #cceeff;"><font style="font-weight: bold;">808.9</font></td>
<td style="height: 20px; text-align: right; background-color: #cceeff;"><font style="font-weight: bold;">&nbsp;</font></td>
<td align="right" style="height: 20px; border-top: 1pt solid #000000; border-bottom: 1pt solid #000000; text-align: right; background-color: #cceeff;"><font style="font-weight: bold;">1408.2</font></td>
<td style="height: 20px; text-align: right; background-color: #cceeff;"><font style="font-weight: bold;">&nbsp;</font></td>
<td align="right" style="height: 20px; border-top: 1pt solid #000000; border-bottom: 1pt solid #000000; text-align: right; background-color: #cceeff;"><font style="font-weight: bold;">1,512.0</font></td>
<td style="text-align: right; background-color: #cceeff;"><br></td>
</tr>

</table>
<p style="font-size: 9pt; margin: 0pt 0pt 0pt; page-break-inside: avoid; text-align: justify;"><br><br></p>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>127</font></font></td>
</tr>

</table>
<hr style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<table style="width: 100%; margin-left: 0.1px; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td style="width: 50%;">
<p style="margin: 0in 0in 0.0001pt; font-size: 10pt; font-family: 'Century Gothic', sans-serif; color: #000000;"><font style="font-size: 14.0pt; mso-bidi-font-size: 9.5pt; font-family: 'Open Sans','sans-serif'; color: #051272; mso-themecolor: accent1;"><font style="mso-spacerun: yes;">&nbsp;</font></font><font style="font-size: 14.0pt; mso-bidi-font-size: 9.5pt; font-family: 'Open Sans','sans-serif'; color: #051272; mso-themecolor: accent1; mso-ansi-language: EN-US;">2<sup>nd</sup> QUARTER 2020</font><font style="mso-ansi-language: EN-US;"></font></p>
</td>
<td style="width: 50%; text-align: right;"><img src="imgkca02r5gwpi05523316.jpg" alt="Graphics"></td>
</tr>

</table>
<p style="margin: 0pt;"><br></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt;" width="100%">

<tr style="height: 7.1pt;">
<td style="border-bottom-color: #051272 !important; border-bottom-style: solid !important; border-bottom-width: 2.25pt !important; padding-left: 3.5pt; padding-right: 3.5pt; vertical-align: top; width: 518.75pt;">
<p style="line-height: 14pt; margin: 6pt 0pt; text-align: justify;"><font style="color: #051272; font-family: 'times new roman', times; font-size: 12pt; font-weight: bold;">COVID-19</font></p>
</td>
</tr>

</table>
<p style="font-size: 9pt; line-height: 115%; margin: 6pt 0pt 0pt; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #051272; font-weight: bold;">Initiatives for </font><font style="color: #051272; font-weight: bold;">tackling</font><font style="color: #051272; font-weight: bold;"> the crisis</font></font></p>
<p style="font-size: 9pt; line-height: 115%; margin: 6pt 0pt 0pt; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Since the beginning of the crisis, Ultrapar and its subsidiaries have been operating on multiple fronts to ensure the safety of the employees, the stability and continuity of the businesses and the financial soundness of the Company. All the activities of Ultrapar&#8217;s subsidiaries are classified as essential in the context of the measures taken by the Brazilian government to combat the pandemic pursuant to Decree 10,282/20, which regulates Law 13,979/20. </font></p>
<p style="font-size: 9pt; line-height: 115%; margin: 6pt 0pt 0pt; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">We adopted the home working regime for employees in administrative functions and offered all necessary support for the conducting of office-related activities. In addition to the basic concerns as to the safety of our employees, we adopted various initiatives focused on wellbeing with live broadcasts on the issues, psychological support and matters involving ergonomics, in line with our principle of valuing people. </font></p>
<p style="font-size: 9pt; line-height: 115%; margin: 6pt 0pt 0pt; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Through a multi-disciplinary committee, we have put in place a plan for the gradual return of&nbsp; our administrative employees to the offices, adjusting our work place through the introduction of numerous preventive measures and the intensification of cleaning and safety initiatives, all in line with state and municipal government guidelines. </font></p>
<p style="font-size: 9pt; line-height: 115%; margin: 6pt 0pt 0pt; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">With the aim of preserving our commitment to maintain our workforce and mitigate the impact of the crisis, whenever necessary, we adjusted ourselves to the more flexible labor regulation announced by the government, such as reductions in working hours and/or salary, the temporary suspension of labor contracts and reorganization of the employees vacation program. </font></p>
<p style="font-size: 9pt; line-height: 115%; margin: 6pt 0pt 0pt; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">During the second quarter, the Company continued to implement actions to contribute to the national effort for tackling the crisis, among which are: </font></p>
<ul type="disc" style="margin: 0pt; padding-left: 0pt;">
<li style="font-family: Symbol; font-size: 9pt; line-height: 115%; margin: 6pt 0pt 0pt 9.14pt; padding-left: 8.86pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Participation in partnership with the National Development Bank - BNDES in the Saving Lives<font style="font-style: italic;"> </font>match funding initiative for supporting the largest network of Philanthropic Hospitals in Brazil, responsible for more than 50% of attendances by the SUS public health system;</font></li>
<li style="font-family: Symbol; font-size: 9pt; line-height: 115%; margin: 6pt 0pt 0pt 9.14pt; padding-left: 8.86pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Installation and delivery of LPG by Ultragaz to 5 field hospitals in the states of S&#227;o Paulo and Bahia;</font></li>
<li style="font-family: Symbol; font-size: 9pt; line-height: 115%; margin: 6pt 0pt 0pt 9.14pt; padding-left: 8.86pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Donation of 650 thousand biodegradable soaps made from reusable cooking oil by Ultragaz, for needy communities in 42 cities in 4 Brazilian states;</font></li>
<li style="font-family: Symbol; font-size: 9pt; line-height: 115%; margin: 6pt 0pt 0pt 9.14pt; padding-left: 8.86pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Donation of about 6,500 basic baskets of goods to poor communities in Salvador and Aracaju by Ultragaz;</font></li>
<li style="font-family: Symbol; font-size: 9pt; line-height: 115%; margin: 6pt 0pt 0pt 9.14pt; padding-left: 8.86pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Donation of LPG, by Ultragaz, to 8,000 families in poor communities in S&#227;o Paulo;</font></li>
<li style="font-family: Symbol; font-size: 9pt; line-height: 115%; margin: 6pt 0pt 0pt 9.14pt; padding-left: 8.86pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Donation by Oxiteno of 180 basic basket of goods to the Solidarity Social Fund of the city of Suzano (SP), associated to the Suzano City Hall, and the donation of hygiene and cleansing materials and food to the city of Trememb&#233; (SP);</font></li>
<li style="font-family: Symbol; font-size: 9pt; line-height: 115%; margin: 6pt 0pt 0pt 9.14pt; padding-left: 8.86pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Donation of masks and gloves by Extrafarma and Ultracargo in the states of Maranh&#227;o, Par&#225; and Cear&#225;; </font></li>
<li style="font-family: Symbol; font-size: 9pt; line-height: 115%; margin: 6pt 0pt 0pt 9.14pt; padding-left: 8.86pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Donation of equipment and hospital beds to the field hospital of the state of Maranh&#227;o, public hospitals in the state of Par&#225; and to the Alfa hospital in Recife (<font style="font-style: italic;">Associa&#231;&#227;o Porto Social</font>), by Ultracargo;</font></li>
<li style="font-family: Symbol; font-size: 9pt; line-height: 115%; margin: 6pt 0pt 0pt 9.14pt; padding-left: 8.86pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Donation of 3,000 basic baskets of goods around the terminals in the states of Maranh&#227;o, Bahia, Pernambuco, Rio de Janeiro and S&#227;o Paulo, by Ultracargo;</font></li>
<li style="font-family: Symbol; font-size: 9pt; line-height: 115%; margin: 6pt 0pt 0pt 9.14pt; padding-left: 8.86pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Financial contribution for the purchase of basic baskets of goods by Oxiteno through the intermediary of a food card for low income families in communities surrounding the Company&#8217;s plants. In addition to the financial contribution, the initiative facilitated the voluntary donation by some employees through a partnership with the <font style="font-style: italic;">Gerando Falc&#245;es</font> NGO;</font></li>
<li style="font-family: Symbol; font-size: 9pt; line-height: 115%; margin: 6pt 0pt 0pt 9.14pt; padding-left: 8.86pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Distribution of vaccination kits through the Ipiranga&#8217;s Health on the Highway program; and</font></li>
<li style="font-family: Symbol; font-size: 9pt; line-height: 115%; margin: 6pt 0pt 0pt 9.14pt; padding-left: 8.86pt; text-align: justify; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Institutional support for the Est&#225;ter Institute (IE) and the Brazilian Society of Infectious Diseases (SBI) in the awareness campaign for assisting vulnerable groups to confront COVID-19.</font></li>
</ul>
<p style="font-size: 9pt; line-height: 115%; margin: 6pt 0pt 0pt; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">In addition to the continuation of actions begun in the first quarter, such as: </font></p>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>128</font></font></td>
</tr>

</table>
<hr style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<table style="width: 100%; margin-left: 0.1px; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td style="width: 50%;">
<p style="margin: 0in 0in 0.0001pt; font-size: 10pt; font-family: 'Century Gothic', sans-serif; color: #000000;"><font style="font-size: 14.0pt; mso-bidi-font-size: 9.5pt; font-family: 'Open Sans','sans-serif'; color: #051272; mso-themecolor: accent1;"><font style="mso-spacerun: yes;">&nbsp;</font></font><font style="font-size: 14.0pt; mso-bidi-font-size: 9.5pt; font-family: 'Open Sans','sans-serif'; color: #051272; mso-themecolor: accent1; mso-ansi-language: EN-US;">2<sup>nd</sup> QUARTER 2020</font><font style="mso-ansi-language: EN-US;"></font></p>
</td>
<td style="width: 50%; text-align: right;"><img src="imgxkoftpm041c05523316.jpg" alt="Graphics"></td>
</tr>

</table>
<ul type="disc" style="margin: 0pt; padding-left: 0pt;">
<li style="font-family: Symbol; font-size: 9pt; line-height: 115%; margin: 6pt 0pt 0pt 9.14pt; padding-left: 8.86pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times;">A package for Ipiranga resellers, including the anticipation of credits from sales through the <font style="font-style: italic;">a</font><font style="font-style: italic;">bastece </font><font style="font-style: italic;">a</font><font style="font-style: italic;">&#237;</font> app, postponement of rental and financing payments and temporary suspension of volume-related sales performance clauses; </font></li>
<li style="font-family: Symbol; font-size: 9pt; line-height: 115%; margin: 6pt 0pt 0pt 9.14pt; padding-left: 8.86pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times;">Donation by Ipiranga for the construction in the city of Porto Alegre of a hospital - jointly with Gerdau, Hospital Moinhos de Vento, Grupo Zaffari and other companies;</font></li>
<li style="font-family: Symbol; font-size: 9pt; line-height: 115%; margin: 6pt 0pt 0pt 9.14pt; padding-left: 8.86pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times;">Donation via the Brazilian Petroleum Institute for the construction of a field hospital in Rio de Janeiro and the donation of 70 percent alcohol to public hospitals throughout Brazil in addition to the purchase of masks and alcohol gel for distribution by Ipiranga;</font></li>
<li style="font-family: Symbol; font-size: 9pt; line-height: 115%; margin: 6pt 0pt 0pt 9.14pt; padding-left: 8.86pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times;">Distribution of 100 thousand liters of alcohol gel at cost price to franchisees, as well as an increased product assortment and partnerships with iFood and Uber Eats, all implemented by am/pm convenience stores; and</font></li>
<li style="font-family: Symbol; font-size: 9pt; line-height: 115%; margin: 6pt 0pt 0pt 9.14pt; padding-left: 8.86pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times;">Participation in the collective donation of ventilators from companies in the Cama&#231;ari Petrochemical Complex including Oxiteno, Ultragaz and Ultracargo.</font></li>
</ul>
<p style="font-size: 9pt; line-height: 115%; margin: 12pt 0pt 0pt; page-break-inside: avoid;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="color: #051272; font-weight: bold;">Operational impacts</font><font style="color: #051272; font-weight: bold;"> 2</font><font style="color: #051272; font-weight: bold;">Q</font><font style="color: #051272; font-weight: bold;">20</font></font></p>
<ul type="disc" style="margin: 0pt; padding-left: 0pt;">
<li style="font-family: Symbol; font-size: 9pt; line-height: 115%; margin: 6pt 0pt 0pt 9.14pt; padding-left: 8.86pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="color: #051272; font-weight: bold;">Ultragaz</font> reported a decline in sales volume in the bulk segment due to weaker demand from industries and small and medium size companies, both categories suffering a direct impact from social distancing measures. However, this effect was compensated by the increase of sales in the bottled segment due to greater demand for LPG for residential use. In the OPEX side, Ultragaz incurred additional expenditures from higher freight costs - given the need to source LPG from more distant supply bases, protective materials and the hiring of temporary labor as well as several donations made to field hospitals and needy communities. There was no increase in client defaults during the period. </font></li>
<li style="font-family: Symbol; font-size: 9pt; line-height: 115%; margin: 6pt 0pt 0pt 9.14pt; padding-left: 8.86pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="color: #051272; font-weight: bold;">Ultracargo</font> recorded reduced fuel handling compared with 1Q20, due to weaker demand, offset by spot operations. Additionally, Ultracargo registered approximately R$ 2 million in additional expenses with protective materials and donations. The measures to increase productivity and recover tax credits contributed to the improvement of results in the quarter.</font></li>
<li style="font-family: Symbol; font-size: 9pt; line-height: 115%; margin: 6pt 0pt 0pt 9.14pt; padding-left: 8.86pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times;">At <font style="color: #051272; font-weight: bold;">Oxiteno</font>, the coatings, automotive and oil &amp; gas segments experienced weaker demand, which was partially attenuated by increased sales volume in the Home &amp; Personal Care and Crop Solutions segments. Oxiteno&#8217;s management took rapid action to minimize the effects of the pandemic with contingency measures for controlling costs and expenses, thus contributing to an improvement in results. </font></li>
<li style="font-family: Symbol; font-size: 9pt; line-height: 115%; margin: 6pt 0pt 0pt 9.14pt; padding-left: 8.86pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="color: #051272; font-weight: bold;">Ipiranga</font> was the most impacted among our businesses due to social distancing measures. In April, Otto cycle and diesel sales volume recorded a decrease of 37% and 17%, respectively, compared to the same period in 2019. In May and June, sales volume recorded an important and gradual recovery compared with April. In addition, strong volatility in the prices of oil and derivatives from the end of March, combined with a sharp drop in ethanol prices in April, caused significant inventory losses in the quarter. To mitigate these impacts, Ipiranga took various initiatives for preserving cash and reducing expenses in several areas, which permitted a reduction in sales, general and administrative expenses of 32% YoY. Client default levels presented a slight increase but remained at reasonable levels for the period.</font></li>
<li style="font-family: Symbol; font-size: 9pt; line-height: 115%; margin: 6pt 0pt 0pt 9.14pt; padding-left: 8.86pt; text-align: justify; text-indent: 0pt;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><font style="color: #051272; font-weight: bold;">Extrafarma</font> posted a drop in sales around R$ 45 million, mainly due to the temporary closure of drugstores located in shopping centers and the lower costumer&#8217;s flow at the drugstores that remained opened. On the other hand, the sales drop was partially offset by the rapid strengthening or expansion of sales operations through delivery channels and partnerships with delivery apps. In addition, the approval of Provisional Measure 936 by the government involving the suspension of labor contracts and the temporary reduction of salaries as well as other internal initiatives for productivity gains, contributed to a reduction in expenses in the amount of R$ 8 million, minimizing the impact in the results of the quarter.&nbsp;</font></li>
</ul>
<p style="font-size: 9pt; line-height: 115%; margin: 6pt 0pt 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">&nbsp;</font></p>
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<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>129</font></font></td>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
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<p style="margin: 0in 0in 0.0001pt; font-size: 10pt; font-family: 'Century Gothic', sans-serif; color: #000000;"><font style="font-size: 14.0pt; mso-bidi-font-size: 9.5pt; font-family: 'Open Sans','sans-serif'; color: #051272; mso-themecolor: accent1;"><font style="mso-spacerun: yes;">&nbsp;</font></font><font style="font-size: 14.0pt; mso-bidi-font-size: 9.5pt; font-family: 'Open Sans','sans-serif'; color: #051272; mso-themecolor: accent1; mso-ansi-language: EN-US;">2<sup>nd</sup> QUARTER 2020</font><font style="mso-ansi-language: EN-US;"></font></p>
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<td style="width: 50%; text-align: right;"><img src="img1mmg25dawd205523316.jpg" alt="Graphics"></td>
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<p style="font-size: 9pt; line-height: 115%; margin: 12pt 0pt 0pt; page-break-inside: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #051272; font-weight: bold;">Liquid</font><font style="color: #051272; font-weight: bold;">ity</font></font></p>
<p style="font-size: 9pt; line-height: 115%; margin: 6pt 0pt 0pt; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">In light of the uncertainty arising from the pandemic, at the end of March and in early April, Ultrapar and its subsidiaries contracted R$ 1.5 billion in new financing with a 12-month term to strengthen their liquidity and cash position. Of this total, R$ 1.3 billion was raised through the issue of promissory notes in April. In order to preserve cash, the Company announced in the same month a reduction up to 30% in its investment plan for 2020. In August, Ultrapar&#8217;s Management decided to not distribute the interim dividend for the current year. As stated in the Company Bylaws, the minimum mandatory dividends shall be paid after the disclosure of the annual results.</font></p>
<p style="font-size: 9pt; line-height: 115%; margin: 6pt 0pt 0pt; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">In July 2020, Ultrapar reopened its 2029 notes issued in the international market, raising US$ 350 million with a coupon of 5.25% per year. Proceeds will be used for the payment of debt with short term maturities, allowing the extension of the Company&#8217;s debt maturity profile and reinforcing its cash position. </font></p>
<p style="font-size: 9pt; line-height: 115%; margin: 6pt 0pt 0pt; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="font-size: 9.5pt; line-height: 115%; margin: 6pt 0pt 0pt; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9.5pt;">&nbsp;</font></p>
<p style="margin: 0pt 0pt 10pt;"><br></p>
<p style="margin: 0pt 0pt 10pt;"><br></p>
<p style="margin: 0pt 0pt 10pt;"><br></p>
<p style="margin: 0pt 0pt 10pt;"><br></p>
<p style="margin: 0pt 0pt 10pt;"><br></p>
<p style="margin: 0pt 0pt 10pt;"><br></p>
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<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>130</font></font></td>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
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<p style="margin: 0in 0in 0.0001pt; font-size: 10pt; font-family: 'Century Gothic', sans-serif; color: #000000;"><font style="font-size: 14.0pt; mso-bidi-font-size: 9.5pt; font-family: 'Open Sans','sans-serif'; color: #051272; mso-themecolor: accent1;"><font style="mso-spacerun: yes;">&nbsp;</font></font><font style="font-size: 14.0pt; mso-bidi-font-size: 9.5pt; font-family: 'Open Sans','sans-serif'; color: #051272; mso-themecolor: accent1; mso-ansi-language: EN-US;">2<sup>nd</sup> QUARTER 2020</font><font style="mso-ansi-language: EN-US;"></font></p>
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<td style="width: 50%; text-align: right; height: 53px;"><img src="imgb2xed4gpsuu05523316.jpg" alt="Graphics"></td>
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<p style="line-height: 14pt; margin: 0pt 0pt 6pt; text-align: justify;"><font style="color: #051272; font-family: 'times new roman', times; font-size: 12pt; font-weight: bold;">Ultragaz</font></p>
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<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>
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<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;">2Q20</font></p>
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<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;">2Q19</font></p>
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<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;">1Q20</font></p>
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<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;">&#916;</font></p>
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<td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 10px; border-top: 1pt solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;">&#916;</font></p>
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<td rowspan="2" style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 27px; border-bottom: 1pt solid #000000; border-top: 1pt solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;">1H20</font></p>
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<td rowspan="2" style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 27px; border-bottom: 1pt solid #000000; border-top: 1pt solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;">1H19</font></p>
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<td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 10px; border-top: 1pt solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;">&#916;</font></p>
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<td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times;"><font style="color: #262626; font-size: 7pt; font-weight: bold;">2Q20</font><font style="color: #262626; font-size: 7pt; font-weight: bold;"> v </font><font style="color: #262626; font-size: 7pt; font-weight: bold;">2Q19</font></font></p>
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<td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times;"><font style="color: #262626; font-size: 7pt; font-weight: bold;">2Q20</font><font style="color: #262626; font-size: 7pt; font-weight: bold;"> v </font><font style="color: #262626; font-size: 7pt; font-weight: bold;">1Q20</font></font></p>
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<td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times;"><font style="color: #262626; font-size: 7pt; font-weight: bold;">1H20</font><font style="color: #262626; font-size: 7pt; font-weight: bold;"> v </font><font style="color: #262626; font-size: 7pt; font-weight: bold;">1H19</font></font></p>
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<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; width: 44%; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times;"><font style="color: #262626; font-size: 9pt; font-weight: bold;">Total v</font><font style="color: #262626; font-size: 9pt; font-weight: bold;">olume </font><font style="color: #262626; font-size: 8pt; font-weight: bold;">(</font><font style="color: #262626; font-size: 8pt; font-weight: bold;">000</font><font style="color: #262626; font-size: 8pt; font-weight: bold;"> tons)</font></font></p>
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<td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; width: 7%; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000; border-left-width: 1.5pt; border-left-style: solid; border-left-color: #000000; border-right-width: 1.5pt; border-right-style: solid; border-right-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;">432</font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; width: 7%; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;">421</font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; width: 7%; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;">421</font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; width: 7%; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;">3%</font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; width: 7%; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;">3%</font></p>
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<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; width: 7%; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;">854</font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; width: 7%; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;">816</font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; width: 7%; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;">5%</font></p>
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<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt 0pt 0pt 8.65pt;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt;">Bottled</font></p>
</td>
<td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000; border-left-width: 1.5pt; border-left-style: solid; border-left-color: #000000; border-right-width: 1.5pt; border-right-style: solid; border-right-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt;">313</font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt;">289</font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt;">288</font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt;">8%</font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt;">9%</font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt;">600</font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt;">559</font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt;">7%</font></p>
</td>
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<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt 0pt 0pt 8.65pt;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt;">Bulk</font></p>
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<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt;">120</font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt;">132</font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt;">134</font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt;">(9%)</font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt;">(10%)</font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt;">253</font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt;">257</font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt;">(1%)</font></p>
</td>
</tr>
<tr style="height: 18px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 18px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times;"><font style="color: #262626; font-size: 9pt; font-weight: bold;">EBITDA </font><font style="color: #262626; font-size: 8pt; font-weight: bold;">(R$ </font><font style="color: #262626; font-size: 8pt; font-weight: bold;">million</font><font style="color: #262626; font-size: 8pt; font-weight: bold;">)&nbsp;</font></font></p>
</td>
<td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 18px; border-bottom-width: 1.5pt; border-bottom-style: solid; border-bottom-color: #000000; border-left-width: 1.5pt; border-left-style: solid; border-left-color: #000000; border-right-width: 1.5pt; border-right-style: solid; border-right-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;">206</font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 18px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;">122</font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 18px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;">147</font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 18px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;">69%</font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 18px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;">40%</font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 18px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;">353</font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 18px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;">231</font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 18px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;">53%</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 7pt; font-style: italic;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic;"><br></font></p>
<p style="margin: 0pt 0pt 10pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #051272; font-weight: bold;">Operational performance</font><font style="color: #051272; font-weight: bold;"> &#8211;</font> Sales volume at Ultragaz in 2Q20 recorded a growth of 3% compared with 2Q19, in line with the market growth for the period. In the bottled segment, volumes were up by 8% YoY, driven by the increase in residential consumption, which was driven by the restrictions imposed by the pandemic. In the bulk segment, volumes were 9% down, with a decline in sales to commercial and service establishments and industries, sectors most affected by social distancing measures while other segments recorded growth in the quarter.&nbsp;</font></p>
<p style="margin: 0pt 0pt 10pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #051272; font-weight: bold;">Net revenues</font><font style="color: #051272; font-weight: bold;"> &#8211;</font> Total of R$ 1,723 million (-3%), due to the LPG price adjustments by Petrobras and sales mix. </font></p>
<p style="margin: 0pt 0pt 10pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #051272; font-weight: bold;">Cost of goods sold</font><font style="color: #051272; font-weight: bold;"> &#8211;</font> Total of R$ 1,442 million (-7%), mainly as a result of LPG price readjustments by Petrobras, despite higher sales volume and an increase in expenditures with freight due to the need to source LPG from more distant supply bases. </font></p>
<p style="margin: 0pt 0pt 10pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #051272; font-weight: bold;">Sales, general and administrative expenses</font><font style="color: #051272; font-weight: bold;"> &#8211;</font> Total of R$ 136 million (-11%), due to lower expenses with payroll, lower provisions for doubtful accounts and initiatives for controlling expenses in general. These effects were partially compensated by the increase in expenses with freight, due to a larger volume of sales, and higher expenses with protective materials and donations in order to combat the pandemic.</font></p>
<p style="margin: 0pt 0pt 10pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #051272; font-weight: bold;">EBITDA &#8211;</font> Total of R$ 206 million (+69%), due to the increase in sales volume, greater operational efficiency and lower expenses. </font></p>
<p style="margin: 0pt 0pt 10pt; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #051272; font-weight: bold;">Investments</font><font style="color: #051272; font-weight: bold;"> &#8211;</font> Ultragaz invested R$ 66 million in the replacement and acquisition of gas bottles, in the setting up of new Ultrasystem clients and operational safety.&nbsp;</font></p>
<p style="font-size: 9.5pt; line-height: 115%; margin: 6pt 0pt 0pt; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9.5pt;">&nbsp;</font></p>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>131</font></font></td>
</tr>

</table>
<hr style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
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<td style="width: 50%;">
<p style="margin: 0in 0in 0.0001pt; font-size: 10pt; font-family: 'Century Gothic', sans-serif; color: #000000;"><font style="font-size: 14.0pt; mso-bidi-font-size: 9.5pt; font-family: 'Open Sans','sans-serif'; color: #051272; mso-themecolor: accent1;"><font style="mso-spacerun: yes;">&nbsp;</font></font><font style="font-size: 14.0pt; mso-bidi-font-size: 9.5pt; font-family: 'Open Sans','sans-serif'; color: #051272; mso-themecolor: accent1; mso-ansi-language: EN-US;">2<sup>nd</sup> QUARTER 2020</font><font style="mso-ansi-language: EN-US;"></font></p>
</td>
<td style="width: 50%; text-align: right;"><img src="imgi1pxua5cl3h05523316.jpg" alt="Graphics"></td>
</tr>

</table>
<p style="font-size: 9.5pt; line-height: 115%; margin: 6pt 0pt 0pt; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9.5pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt;" width="100%">

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<td style="border-bottom-color: #000000; border-bottom-style: solid !important; border-bottom-width: 1.5pt !important; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 518.75pt;">
<p style="line-height: 14pt; margin: 0pt 0pt 6pt; text-align: justify;"><font style="color: #051272; font-family: 'times new roman', times; font-size: 12pt; font-weight: bold;">Ultracargo</font></p>
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</table>
<p><br></p>
<table cellspacing="0" cellpadding="0" style="height: 95px; border-collapse: collapse; margin: 0pt 9pt 0pt 0.1px; font-family: 'times new roman'; font-size: 10pt; width: 100%; border-color: #000000; margin-left: 0.1px;" width="100%">

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<p style="margin: 0pt;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>
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<td rowspan="2" style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 27px; border-width: 1.5pt 1.5pt 1.5px; border-style: solid; border-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;">2Q20</font></p>
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<td rowspan="2" style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 27px; border-bottom: 1pt solid #000000; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;">2Q19</font></p>
</td>
<td rowspan="2" style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 27px; border-bottom: 1pt solid #000000; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;">1Q20</font></p>
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<td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 10px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;">&#916;</font></p>
</td>
<td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 10px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;">&#916;</font></p>
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<td rowspan="2" style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 27px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;">1H20</font></p>
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<td rowspan="2" style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 27px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;">1H19</font></p>
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<td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 10px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;">&#916;</font></p>
</td>
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<tr style="height: 17px;">
<td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 7pt;"><font style="color: #262626; font-weight: bold;">2Q20</font><font style="color: #262626; font-weight: bold;"> v </font><font style="color: #262626; font-weight: bold;">2Q19</font></font></p>
</td>
<td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 7pt;"><font style="color: #262626; font-weight: bold;">2Q20</font><font style="color: #262626; font-weight: bold;"> v </font><font style="color: #262626; font-weight: bold;">1Q20</font></font></p>
</td>
<td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 7pt;"><font style="color: #262626; font-weight: bold;">1H20</font><font style="color: #262626; font-weight: bold;"> v </font><font style="color: #262626; font-weight: bold;">1H19</font></font></p>
</td>
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<tr style="height: 17px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; width: 44%; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 9pt;">Static capacity&#185; <font style="color: #262626;">(000 m&#179;)</font></font></p>
</td>
<td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; width: 7%; border-bottom: 1pt solid #000000; border-left: 1.5pt solid #000000; border-right: 1.5pt solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 9pt;">832</font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; width: 7%; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt;">700</font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; width: 7%; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 9pt;">822</font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; width: 7%; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt;">19%</font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; width: 7%; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt;">1%</font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; width: 7%; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt;">827</font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; width: 7%; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 9pt;">700</font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; width: 7%; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt;">18%</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 9pt;">m&#179; sold (000 m&#179;)</font></p>
</td>
<td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; border-bottom: 1pt solid #000000; border-left: 1.5pt solid #000000; border-right: 1.5pt solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 9pt;">2,963</font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="color: #262626;">2</font><font style="color: #262626;">,</font><font style="color: #262626;">549</font></font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 9pt;">3,149</font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt;">16%</font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt;">(6%)</font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="color: #262626;">6</font><font style="color: #262626;">,</font><font style="color: #262626;">112</font></font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="color: #262626;">5</font><font style="color: #262626;">,</font><font style="color: #262626;">144</font></font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt;">19%</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="font-weight: bold;">EBITDA</font> <font style="font-weight: bold;">ex-</font><font style="font-weight: bold;">non</font><font style="font-weight: bold;">-</font><font style="font-weight: bold;">recurring items</font><font style="font-weight: bold;">&#178; (</font><font style="font-weight: bold;">R$ </font><font style="font-weight: bold;">million</font><font style="font-weight: bold;">)</font></font></p>
</td>
<td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; border-bottom: 1pt solid #000000; border-left: 1.5pt solid #000000; border-right: 1.5pt solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;">80</font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;">59</font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;">91</font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;">35%</font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;">(12%)</font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;">170</font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;">119</font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;">44%</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="font-weight: bold;">EBITDA</font> <font style="font-weight: bold;">(R$ </font><font style="font-weight: bold;">million</font><font style="font-weight: bold;">)</font></font></p>
</td>
<td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; border-bottom: 1.5pt solid #000000; border-left: 1.5pt solid #000000; border-right: 1.5pt solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;">92</font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;">7</font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;">91</font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;">n/a</font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;">1%</font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;">182</font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;">66</font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;">175%</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times;"><font style="color: #262626; font-size: 4.67pt; font-style: italic; vertical-align: super;">1 </font><font style="color: #262626; font-size: 7pt; font-style: italic;">M</font><font style="color: #262626; font-size: 7pt; font-style: italic;">onthly average</font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times;"><font style="color: #262626; font-size: 7pt; font-style: italic;">&#178; </font><font style="color: #262626; font-size: 7pt; font-style: italic;">Excluding</font><font style="color: #262626; font-size: 7pt; font-style: italic;"> the effect of the</font><font style="color: #262626; font-size: 7pt; font-style: italic;"> </font><font style="color: #262626; font-size: 7pt; font-style: italic;">TAC</font><font style="color: #262626; font-size: 7pt; font-style: italic;"> in</font><font style="color: #262626; font-size: 7pt; font-style: italic;"> </font><font style="color: #262626; font-size: 7pt; font-style: italic;">2Q19</font><font style="color: #262626; font-size: 7pt; font-style: italic;"> </font><font style="color: #262626; font-size: 7pt; font-style: italic;">and tax credits in</font><font style="color: #262626; font-size: 7pt; font-style: italic;"> </font><font style="color: #262626; font-size: 7pt; font-style: italic;">2Q20</font></font><font style="color: #262626; font-family: 'Century Gothic'; font-size: 7pt; font-style: italic;"> </font></p>
<p style="margin: 0pt; text-align: justify;"><font style="color: #262626; font-family: 'Century Gothic'; font-size: 7pt; font-style: italic;">&nbsp;</font></p>
<p style="margin: 0pt 0pt 10pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #051272; font-weight: bold;">Operational performance</font><font style="color: #051272; font-weight: bold;"> &#8211;</font> Ultracargo&#8217;s average static capacity increased 19% compared to 2T19, due largely to the expanded operations at Santos and Itaqui terminals over the last 12 months, while m&#179; sold grew 16% mainly due to the greater operation of fuels and the greater installed capacity, in addition to a higher number of spot operations at Aratu. </font></p>
<p style="margin: 0pt 0pt 10pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #051272; font-weight: bold;">Net revenues</font><font style="color: #051272; font-weight: bold;"> &#8211; </font>Total of R$ 155 million in 2Q20 (+23%), driven by the increase in fuel handling, new agreements and spot operations. </font></p>
<p style="margin: 0pt 0pt 10pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #051272; font-weight: bold;">Cost of services provided</font><font style="color: #051272; font-weight: bold;"> &#8211;</font> Total of R$ 66 million (+9%), due to an increase in capacity on a YoY comparison basis. The cost of services provided per m&#179; sold decreased 6%, reflecting a gain in productivity. </font></p>
<p style="margin: 0pt 0pt 10pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #051272; font-weight: bold;">Sales, general and administrative expenses</font><font style="color: #051272; font-weight: bold;"> &#8211;</font> Total of R$ 28 million (-6%), mainly due to lower payroll and depreciation expenses, attenuated by higher expenditures with protective materials and donations for tackling the pandemic. </font></p>
<p style="margin: 0pt 0pt 10pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #051272; font-weight: bold;">Other operating results</font><font style="color: #051272; font-weight: bold;"> &#8211;</font> An increase of R$ 59 million compared to 2Q19, mainly due to PIS/COFINS non-recurring tax credits worth R$ 12 million in 2Q20 and the Conduct Adjustment Agreement (&#8220;TAC&#8221;) in the amount of R$ 53 million in 2Q19. In relation to 1Q20, the increase was R$ 7 million, due to the booking of non-recurring tax credits, which were partially compensated by the Eletrobr&#225;s credit of R$ 4 million registered in the preceding quarter.</font></p>
<p style="margin: 0pt 0pt 10pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #051272; font-weight: bold;">EBITDA &#8211;</font> Total of R$ 92 million, a record for Ultracargo. Excluding the effect of extraordinary tax credits in 2Q20 and payment of the TAC in 2Q19, there was an increase of 35% due to the expansion in capacity at Santos and Itaqui terminals, an increase in spot operations and a reduction in expenses. In relation to 1Q20, despite reduced handling activity, EBITDA remained practically unchanged, due to the decrease in expenses and non-recurring tax credits, already mentioned. </font></p>
<p style="margin: 0pt 0pt 10pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #051272; font-weight: bold;">Investments</font><font style="color: #051272; font-weight: bold;"> &#8211; </font>Ultracargo recorded investments in the quarter of R$ 26 million, mainly related to the expansion at Itaqui, operational safety and maintenance at the terminals. In July, Ultracargo obtained the building permit at the new terminal in Vila do Conde (PA), enabling the early start of constructions.</font></p>
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<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>132</font></font></td>
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<hr style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
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<p style="margin: 0in 0in 0.0001pt; font-size: 10pt; font-family: 'Century Gothic', sans-serif; color: #000000;"><font style="font-size: 14.0pt; mso-bidi-font-size: 9.5pt; font-family: 'Open Sans','sans-serif'; color: #051272; mso-themecolor: accent1;"><font style="mso-spacerun: yes;">&nbsp;</font></font><font style="font-size: 14.0pt; mso-bidi-font-size: 9.5pt; font-family: 'Open Sans','sans-serif'; color: #051272; mso-themecolor: accent1; mso-ansi-language: EN-US;">2<sup>nd</sup> QUARTER 2020</font><font style="mso-ansi-language: EN-US;"></font></p>
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<td style="width: 50%; text-align: right;"><img src="imgzhc4ynbv3rj05523316.jpg" alt="Graphics"></td>
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</table>
<p style="margin: 0pt 0pt 10pt;"><br></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt;" width="100%">

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<p style="line-height: 14pt; margin: 0pt 0pt 6pt; text-align: justify;"><font style="color: #051272; font-family: 'times new roman', times; font-size: 12pt; font-weight: bold;">Oxiteno</font></p>
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<p><br></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin: 0pt 9pt 0pt 0.1px; font-family: 'times new roman'; font-size: 10pt; width: 100%; height: 177px;" width="100%">

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<p style="margin: 0pt;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>
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<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;">2Q20</font></p>
</td>
<td rowspan="2" style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 34px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;">2Q19</font></p>
</td>
<td rowspan="2" style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 34px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;">1Q20</font></p>
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<td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;">&#916;</font></p>
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<td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;">&#916;</font></p>
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<td rowspan="2" style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 34px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;">1H20</font></p>
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<td rowspan="2" style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 34px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;">1H19</font></p>
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<td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;">&#916;</font></p>
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<td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times;"><font style="color: #262626; font-size: 7pt; font-weight: bold;">2Q20</font><font style="color: #262626; font-size: 7pt; font-weight: bold;"> v </font><font style="color: #262626; font-size: 7pt; font-weight: bold;">2Q19</font></font></p>
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<td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times;"><font style="color: #262626; font-size: 7pt; font-weight: bold;">2Q20</font><font style="color: #262626; font-size: 7pt; font-weight: bold;"> v </font><font style="color: #262626; font-size: 7pt; font-weight: bold;">1Q20</font></font></p>
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<td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times;"><font style="color: #262626; font-size: 7pt; font-weight: bold;">1H20</font><font style="color: #262626; font-size: 7pt; font-weight: bold;"> v </font><font style="color: #262626; font-size: 7pt; font-weight: bold;">1H19</font></font></p>
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<tr style="height: 18px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 18px; width: 44%; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times;"><font style="color: #262626; font-size: 9pt;">Average exchange rate</font><font style="color: #262626; font-size: 9pt;"> </font><font style="color: #262626; font-size: 8pt;">(R$/US$)</font></font></p>
</td>
<td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 18px; width: 7%; border-bottom: 1pt solid #000000; border-left: 1.5pt solid #000000; border-right: 1.5pt solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times;"><font style="color: #262626; font-size: 9pt;">5</font><font style="color: #262626; font-size: 9pt;">.</font><font style="color: #262626; font-size: 9pt;">39</font></font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 18px; width: 7%; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times;"><font style="color: #262626; font-size: 9pt;">3</font><font style="color: #262626; font-size: 9pt;">.</font><font style="color: #262626; font-size: 9pt;">92</font></font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 18px; width: 7%; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times;"><font style="color: #262626; font-size: 9pt;">4</font><font style="color: #262626; font-size: 9pt;">.</font><font style="color: #262626; font-size: 9pt;">46</font></font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 18px; width: 7%; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt;">38%</font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 18px; width: 7%; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt;">21%</font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 18px; width: 7%; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times;"><font style="color: #262626; font-size: 9pt;">4</font><font style="color: #262626; font-size: 9pt;">.</font><font style="color: #262626; font-size: 9pt;">92</font></font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 18px; width: 7%; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times;"><font style="color: #262626; font-size: 9pt;">3</font><font style="color: #262626; font-size: 9pt;">.</font><font style="color: #262626; font-size: 9pt;">84</font></font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 18px; width: 7%; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt;">28%</font></p>
</td>
</tr>
<tr style="height: 18px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 18px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times;"><font style="color: #262626; font-size: 9pt; font-weight: bold;">Total v</font><font style="color: #262626; font-size: 9pt; font-weight: bold;">olume </font><font style="color: #262626; font-size: 8pt; font-weight: bold;">(</font><font style="color: #262626; font-size: 8pt; font-weight: bold;">000</font><font style="color: #262626; font-size: 8pt; font-weight: bold;"> tons)</font></font></p>
</td>
<td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 18px; border-bottom: 1pt solid #000000; border-left: 1.5pt solid #000000; border-right: 1.5pt solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;">166</font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 18px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;">183</font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 18px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;">181</font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 18px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;">(9%)</font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 18px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;">(8%)</font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 18px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;">347</font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 18px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;">364</font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 18px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;">(5%)</font></p>
</td>
</tr>
<tr style="height: 18px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 18px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt 0pt 0pt 8.65pt;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt;">Specialty chemicals</font></p>
</td>
<td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 18px; border-bottom: 1pt solid #000000; border-left: 1.5pt solid #000000; border-right: 1.5pt solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt;">139</font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 18px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt;">146</font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 18px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt;">148</font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 18px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt;">(5%)</font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 18px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt;">(6%)</font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 18px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt;">287</font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 18px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt;">294</font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 18px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt;">(2%)</font></p>
</td>
</tr>
<tr style="height: 18px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 18px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt 0pt 0pt 8.65pt;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt;">Commodities</font></p>
</td>
<td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 18px; border-bottom: 1pt solid #000000; border-left: 1.5pt solid #000000; border-right: 1.5pt solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt;">28</font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 18px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt;">38</font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 18px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt;">32</font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 18px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt;">(27%)</font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 18px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt;">(15%)</font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 18px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt;">60</font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 18px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt;">70</font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 18px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt;">(14%)</font></p>
</td>
</tr>
<tr style="height: 18px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 18px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt 0pt 0pt 8.65pt;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt;">Sales in Brazil</font></p>
</td>
<td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 18px; border-bottom: 1pt solid #000000; border-left: 1.5pt solid #000000; border-right: 1.5pt solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt;">111</font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 18px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt;">132</font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 18px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt;">128</font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 18px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt;">(16%)</font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 18px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt;">(13%)</font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 18px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt;">238</font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 18px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt;">256</font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 18px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt;">(7%)</font></p>
</td>
</tr>
<tr style="height: 18px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 18px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt 0pt 0pt 8.65pt;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt;">International sales</font></p>
</td>
<td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 18px; border-bottom: 1pt solid #000000; border-left: 1.5pt solid #000000; border-right: 1.5pt solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt;">56</font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 18px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt;">51</font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 18px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt;">53</font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 18px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt;">9%</font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 18px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt;">5%</font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 18px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt;">109</font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 18px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt;">107</font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 18px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt;">1%</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times;"><font style="color: #262626; font-size: 9pt; font-weight: bold;">EBITDA ex-no</font><font style="color: #262626; font-size: 9pt; font-weight: bold;">n</font><font style="color: #262626; font-size: 9pt; font-weight: bold;">-</font><font style="color: #262626; font-size: 9pt; font-weight: bold;">recurring</font><font style="color: #262626; font-size: 9pt; font-weight: bold;">&#185; </font><font style="color: #262626; font-size: 8pt; font-weight: bold;">(R$ </font><font style="color: #262626; font-size: 8pt; font-weight: bold;">million</font><font style="color: #262626; font-size: 8pt; font-weight: bold;">)</font></font></p>
</td>
<td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; border-bottom: 1pt solid #000000; border-left: 1.5pt solid #000000; border-right: 1.5pt solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;">162</font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;">45</font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;">122</font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;">261%</font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;">33%</font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;">283</font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;">84</font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;">236%</font></p>
</td>
</tr>
<tr style="height: 18px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 18px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times;"><font style="color: #262626; font-size: 9pt; font-weight: bold;">EBITDA (R$ </font><font style="color: #262626; font-size: 9pt; font-weight: bold;">million</font><font style="color: #262626; font-size: 9pt; font-weight: bold;">)</font></font></p>
</td>
<td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 18px; border-bottom: 1.5pt solid #000000; border-left: 1.5pt solid #000000; border-right: 1.5pt solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;">162</font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 18px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;">45</font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 18px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;">193</font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 18px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;">261%</font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 18px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;">(16%)</font></p>
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<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 18px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;">354</font></p>
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<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 18px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;">84</font></p>
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<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 18px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;">320%</font></p>
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<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 7pt; font-style: italic;"><br></font></p>
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times;"><font style="font-size: 7pt; font-style: italic;">&#185;</font><font style="font-size: 7pt; font-style: italic;">Excluding tax credits in</font><font style="font-size: 7pt; font-style: italic;"> </font><font style="font-size: 7pt; font-style: italic;">1Q20</font></font><br><font style="color: #051272; font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>
<p style="margin: 0pt 0pt 10pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #051272; font-weight: bold;">Operational performance</font><font style="color: #051272; font-weight: bold;"> &#8211;</font> Specialty chemical volume reduced by 5% compared with 2Q19 due to lower sales in some segments of the domestic market, more impacted by the coronavirus pandemic, attenuated by an increase in sales to the Home &amp; Personal Care and Crop Solutions segments, higher exports from Brazil and an increase in sales in the United States<font style="font-style: italic;">. </font></font></p>
<p style="margin: 0pt 0pt 10pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #051272; font-weight: bold;">Net revenues</font><font style="color: #051272; font-weight: bold;"> &#8211;</font> Total of R$ 1,201 million (+13%) due to the devaluation of 38% of the Real against the US Dollar (R$ 1.47/US$), offset by a reduction of 6% in average US Dollar prices, following a drop in petrochemical prices on the international market and due to a decrease in volumes. </font></p>
<p style="margin: 0pt 0pt 10pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #051272; font-weight: bold;">Cost of goods sold</font><font style="color: #051272; font-weight: bold;"> &#8211;</font> Total of R$ 973 million (+8%) due to the 38% devaluation of the Real against the US Dollar (R$ 1.47/US$), attenuated by lower sales volume and the lower provisioning for inventory reevaluation. The cost of goods sold in US$ per ton fell 13% in the quarter compared with 2Q19, notably due to the fall in ethylene costs.</font></p>
<p style="margin: 0pt 0pt 10pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #051272; font-weight: bold;">Sales, general and administrative expenses</font><font style="color: #051272; font-weight: bold;"> </font><font style="color: #051272; font-weight: bold;">&#8211;</font> Total of R$ 179 million (+3%), due to higher expenditures with international freight related to the increase in exports as well as the devaluation of the Real against the US Dollar, attenuated by a reduction in expenses. In relation to 1Q20, sales, general and administrative expenses were down 8% due to the reduction in payroll and freight expenditures, given reduced sales volume.</font></p>
<p style="margin: 0pt 0pt 10pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #051272; font-weight: bold;">EBITDA &#8211; </font>Total of R$ 162 million (+261%) due to an improved contribution margin in US Dollars, resulting from richer sales mix and the ramp-up of the United States plant, and the 38% devaluation of the Real against the US Dollar (R$ 1.47/US$), offset by the exchange rate impact on expenses. Comparing with 1Q20, excluding the effect of the non-recurring tax credits of R$ 71 million in the previous quarter, EBITDA increased by 33%, due to the devaluation in the Real and to lower expenses, attenuated by lower sales volume. </font></p>
<p style="margin: 0pt 0pt 6pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #051272; font-weight: bold;">Investments</font><font style="color: #051272; font-weight: bold;"> &#8211;</font> Investments in the period were R$ 42 million, mainly for plant maintenance and safety.</font></p>
<p style="font-size: 9.5pt; line-height: 115%; margin: 6pt 0pt 0pt; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9.5pt;">&nbsp;</font></p>
<p style="font-size: 9.5pt; line-height: 115%; margin: 6pt 0pt 0pt; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9.5pt;">&nbsp;</font></p>
<p style="font-size: 9.5pt; line-height: 115%; margin: 6pt 0pt 0pt; page-break-inside: avoid; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9.5pt;">&nbsp;</font></p>
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<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>133</font></font></td>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
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<p style="margin: 0in 0in 0.0001pt; font-size: 10pt; font-family: 'Century Gothic', sans-serif; color: #000000;"><font style="font-size: 14.0pt; mso-bidi-font-size: 9.5pt; font-family: 'Open Sans','sans-serif'; color: #051272; mso-themecolor: accent1;"><font style="mso-spacerun: yes;">&nbsp;</font></font><font style="font-size: 14.0pt; mso-bidi-font-size: 9.5pt; font-family: 'Open Sans','sans-serif'; color: #051272; mso-themecolor: accent1; mso-ansi-language: EN-US;">2<sup>nd</sup> QUARTER 2020</font><font style="mso-ansi-language: EN-US;"></font></p>
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<td style="width: 50%; text-align: right;"><img src="imgtoghknaru3q05523316.jpg" alt="Graphics"></td>
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<p style="line-height: 14pt; margin: 0pt 0pt 6pt; text-align: justify;"><font style="color: #051272; font-family: 'times new roman', times; font-size: 12pt; font-weight: bold;">Ipiranga</font></p>
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<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;">2Q20</font></p>
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<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;">2Q19</font></p>
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<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;">1Q20</font></p>
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<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;">&#916;</font></p>
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<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;">&#916;</font></p>
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<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;">1H20</font></p>
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<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;">1H19</font></p>
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<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;">&#916;</font></p>
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<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times;"><font style="color: #262626; font-size: 7pt; font-weight: bold;">2Q20</font><font style="color: #262626; font-size: 7pt; font-weight: bold;"> v </font><font style="color: #262626; font-size: 7pt; font-weight: bold;">2Q19</font></font></p>
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<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times;"><font style="color: #262626; font-size: 7pt; font-weight: bold;">2Q20</font><font style="color: #262626; font-size: 7pt; font-weight: bold;"> v </font><font style="color: #262626; font-size: 7pt; font-weight: bold;">1Q20</font></font></p>
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<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times;"><font style="color: #262626; font-size: 7pt; font-weight: bold;">1H20</font><font style="color: #262626; font-size: 7pt; font-weight: bold;"> v </font><font style="color: #262626; font-size: 7pt; font-weight: bold;">1H19</font></font></p>
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<p style="margin: 0pt;"><font style="font-family: 'times new roman', times;"><font style="color: #262626; font-size: 9pt; font-weight: bold;">Total v</font><font style="color: #262626; font-size: 9pt; font-weight: bold;">olume </font><font style="color: #262626; font-size: 8pt; font-weight: bold;">(</font><font style="color: #262626; font-size: 8pt; font-weight: bold;">000</font><font style="color: #262626; font-size: 8pt; font-weight: bold;"> m&#179;)</font></font></p>
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<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times;"><font style="color: #262626; font-size: 9pt; font-weight: bold;">4</font><font style="color: #262626; font-size: 9pt; font-weight: bold;">,</font><font style="color: #262626; font-size: 9pt; font-weight: bold;">62</font><font style="color: #262626; font-size: 9pt; font-weight: bold;">6</font></font></p>
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<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; width: 7%; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times;"><font style="color: #262626; font-size: 9pt; font-weight: bold;">5</font><font style="color: #262626; font-size: 9pt; font-weight: bold;">,</font><font style="color: #262626; font-size: 9pt; font-weight: bold;">610</font></font></p>
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<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; width: 7%; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times;"><font style="color: #262626; font-size: 9pt; font-weight: bold;">5</font><font style="color: #262626; font-size: 9pt; font-weight: bold;">,</font><font style="color: #262626; font-size: 9pt; font-weight: bold;">490</font></font></p>
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<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;">(18%)</font></p>
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<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;">(16%)</font></p>
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<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; width: 7%; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times;"><font style="color: #262626; font-size: 9pt; font-weight: bold;">10</font><font style="color: #262626; font-size: 9pt; font-weight: bold;">,</font><font style="color: #262626; font-size: 9pt; font-weight: bold;">11</font><font style="color: #262626; font-size: 9pt; font-weight: bold;">6</font></font></p>
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<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; width: 7%; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times;"><font style="color: #262626; font-size: 9pt; font-weight: bold;">11</font><font style="color: #262626; font-size: 9pt; font-weight: bold;">,</font><font style="color: #262626; font-size: 9pt; font-weight: bold;">197</font></font></p>
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<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;">(10%)</font></p>
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<p style="margin: 0pt;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt;">Diesel</font></p>
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<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times;"><font style="color: #262626; font-size: 9pt;">2</font><font style="color: #262626; font-size: 9pt;">,</font><font style="color: #262626; font-size: 9pt;">582</font></font></p>
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<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times;"><font style="color: #262626; font-size: 9pt;">2</font><font style="color: #262626; font-size: 9pt;">,</font><font style="color: #262626; font-size: 9pt;">787</font></font></p>
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<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times;"><font style="color: #262626; font-size: 9pt;">2</font><font style="color: #262626; font-size: 9pt;">,</font><font style="color: #262626; font-size: 9pt;">722</font></font></p>
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<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt;">(7%)</font></p>
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<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt;">(5%)</font></p>
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<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times;"><font style="color: #262626; font-size: 9pt;">5</font><font style="color: #262626; font-size: 9pt;">,</font><font style="color: #262626; font-size: 9pt;">304</font></font></p>
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<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times;"><font style="color: #262626; font-size: 9pt;">5</font><font style="color: #262626; font-size: 9pt;">,</font><font style="color: #262626; font-size: 9pt;">461</font></font></p>
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<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt;">(3%)</font></p>
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<p style="margin: 0pt;"><font style="font-family: 'times new roman', times;"><font style="color: #262626; font-size: 9pt;">Otto</font><font style="color: #262626; font-size: 9pt;"> cycle</font></font></p>
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<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times;"><font style="color: #262626; font-size: 9pt;">1</font><font style="color: #262626; font-size: 9pt;">,</font><font style="color: #262626; font-size: 9pt;">95</font><font style="color: #262626; font-size: 9pt;">8</font></font></p>
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<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times;"><font style="color: #262626; font-size: 9pt;">2</font><font style="color: #262626; font-size: 9pt;">,</font><font style="color: #262626; font-size: 9pt;">721</font></font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times;"><font style="color: #262626; font-size: 9pt;">2</font><font style="color: #262626; font-size: 9pt;">,</font><font style="color: #262626; font-size: 9pt;">669</font></font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt;">(28%)</font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt;">(27%)</font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times;"><font style="color: #262626; font-size: 9pt;">4</font><font style="color: #262626; font-size: 9pt;">,</font><font style="color: #262626; font-size: 9pt;">626</font></font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times;"><font style="color: #262626; font-size: 9pt;">5</font><font style="color: #262626; font-size: 9pt;">,</font><font style="color: #262626; font-size: 9pt;">532</font></font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt;">(16%)</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times;"><font style="color: #262626; font-size: 9pt;">O</font><font style="color: #262626; font-size: 9pt;">thers</font><font style="color: #262626; font-size: 9pt;">&#185;</font></font></p>
</td>
<td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; border-bottom: 1pt solid #000000; border-left: 1.5pt solid #000000; border-right: 1.5pt solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times;"><font style="color: #262626; font-size: 9pt;">8</font><font style="color: #262626; font-size: 9pt;">6</font></font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt;">102</font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt;">99</font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times;"><font style="color: #262626; font-size: 9pt;">(1</font><font style="color: #262626; font-size: 9pt;">6</font><font style="color: #262626; font-size: 9pt;">%)</font></font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times;"><font style="color: #262626; font-size: 9pt;">(1</font><font style="color: #262626; font-size: 9pt;">4</font><font style="color: #262626; font-size: 9pt;">%)</font></font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times;"><font style="color: #262626; font-size: 9pt;">18</font><font style="color: #262626; font-size: 9pt;">5</font></font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt;">204</font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times;"><font style="color: #262626; font-size: 9pt;">(</font><font style="color: #262626; font-size: 9pt;">9</font><font style="color: #262626; font-size: 9pt;">%)</font></font></p>
</td>
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<tr style="height: 18px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 18px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times;"><font style="color: #262626; font-size: 9pt; font-weight: bold;">EBITDA </font><font style="color: #262626; font-size: 8pt; font-weight: bold;">(R$ </font><font style="color: #262626; font-size: 8pt; font-weight: bold;">million</font><font style="color: #262626; font-size: 8pt; font-weight: bold;">)</font></font></p>
</td>
<td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 18px; border-bottom: 1.5pt solid #000000; border-left: 1.5pt solid #000000; border-right: 1.5pt solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;">179</font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 18px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;">511</font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 18px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;">480</font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 18px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;">(65%)</font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 18px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;">(63%)</font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 18px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;">659</font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 18px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times;"><font style="color: #262626; font-size: 9pt; font-weight: bold;">1</font><font style="color: #262626; font-size: 9pt; font-weight: bold;">,</font><font style="color: #262626; font-size: 9pt; font-weight: bold;">108</font></font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 18px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;">(41%)</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times;"><font style="font-size: 4.67pt; font-style: italic; vertical-align: super;">&nbsp;</font><font style="font-size: 7pt; font-style: italic;">&#185; </font><font style="font-size: 7pt; font-style: italic;">Fuel oils</font><font style="font-size: 7pt; font-style: italic;">, arla 32, </font><font style="font-size: 7pt; font-style: italic;">kerosene</font><font style="font-size: 7pt; font-style: italic;">, lubricants</font><font style="font-size: 7pt; font-style: italic;"> and greases</font></font></p>
<p style="margin: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 7pt; font-style: italic;">&nbsp;</font></p>
<p style="margin: 0pt 0pt 10pt; text-align: justify;"><font style="font-family: 'times new roman', times;"><font style="color: #051272; font-size: 9pt; font-weight: bold;">Operational performance</font><font style="color: #051272; font-size: 9pt; font-weight: bold;"> &#8211; </font><font style="font-size: 9pt;">Ipiranga </font><font style="font-size: 9pt;">reported a reduction of</font><font style="font-size: 9pt;"> 18% </font><font style="font-size: 9pt;">in sales volume in relation to</font><font style="font-size: 9pt;"> </font><font style="font-size: 9pt;">2Q19</font><font style="font-size: 9pt;">, </font><font style="font-size: 9pt;">a reflection of the pandemic which had a major impact on fuel consumption in Brazil</font><font style="font-size: 9pt;">,</font><font style="font-size: 9pt;"> especially in April</font><font style="font-size: 9pt;">, </font><font style="font-size: 9pt;">with a gradual recovery in </font><font style="font-size: 9pt;">May and </font><font style="font-size: 9pt;">June</font><font style="font-size: 9pt;">. </font><font style="font-size: 9pt;">The </font><font style="font-size: 9pt;">Otto</font><font style="font-size: 9pt;"> cycle</font><font style="font-size: 9pt;"> segment was the most affected and</font><font style="font-size: 9pt;"> </font><font style="font-size: 9pt;">posted a reduction in sales volume of</font><font style="font-size: 9pt;"> 28%</font><font style="font-size: 9pt;"> </font><font style="font-size: 9pt;">in the quarter</font><font style="font-size: 9pt;">, </font><font style="font-size: 9pt;">while</font><font style="font-size: 9pt;"> diesel</font><font style="font-size: 9pt;"> volumes were down by</font><font style="font-size: 9pt;"> 7%. </font><font style="font-size: 9pt;">Quarter-on-quarter</font><font style="font-size: 9pt;">, volume</font><font style="font-size: 9pt;"> was </font><font style="font-size: 9pt;">16% </font><font style="font-size: 9pt;">lower, with declines of 2</font><font style="font-size: 9pt;">7% </font><font style="font-size: 9pt;">in the</font><font style="font-size: 9pt;"> Otto</font><font style="font-size: 9pt;"> cycle and</font><font style="font-size: 9pt;"> 5% </font><font style="font-size: 9pt;">in</font><font style="font-size: 9pt;"> diesel. </font></font></p>
<p style="margin: 0pt 0pt 10pt; text-align: justify;"><font style="font-family: 'times new roman', times;"><font style="color: #051272; font-size: 9pt; font-weight: bold;">Net revenues</font><font style="color: #051272; font-size: 9pt; font-weight: bold;"> &#8211;</font><font style="font-size: 9pt; font-weight: bold;"> </font><font style="font-size: 9pt;">Total </font><font style="font-size: 9pt;">of</font><font style="font-size: 9pt;"> R$ 12</font><font style="font-size: 9pt;">,</font><font style="font-size: 9pt;">350 </font><font style="font-size: 9pt;">million</font><font style="font-size: 9pt;"> (-32%</font><font style="font-size: 9pt;">),</font><font style="font-size: 9pt;"> due to lower sales volume and a decline in average unit costs of oil derivatives and ethanol, particularly in March and April</font><font style="font-size: 9pt;"> 2020</font><font style="font-size: 9pt;">. </font><font style="font-size: 9pt;">In relation to</font><font style="font-size: 9pt;"> </font><font style="font-size: 9pt;">1Q20</font><font style="font-size: 9pt;">, </font><font style="font-size: 9pt;">net revenues</font><font style="font-size: 9pt;"> </font><font style="font-size: 9pt;">registered a</font><font style="font-size: 9pt;"> </font><font style="font-size: 9pt;">reduction of </font><font style="font-size: 9pt;">31%. </font></font></p>
<p style="margin: 0pt 0pt 10pt; text-align: justify;"><font style="font-family: 'times new roman', times;"><font style="color: #051272; font-size: 9pt; font-weight: bold;">Cost of goods sold</font><font style="color: #051272; font-size: 9pt; font-weight: bold;"> &#8211;</font><font style="font-size: 9pt;"> Total </font><font style="font-size: 9pt;">of</font><font style="font-size: 9pt;"> R$ 12</font><font style="font-size: 9pt;">,</font><font style="font-size: 9pt;">035 </font><font style="font-size: 9pt;">million</font><font style="font-size: 9pt;"> (-31%), </font><font style="font-size: 9pt;">mainly due to lower sales volume and a decline in Ipiranga&#8217;s average unit cost, </font><font style="font-size: 9pt;">derived from</font><font style="font-size: 9pt;"> consecutive reduction</font><font style="font-size: 9pt;">s</font><font style="font-size: 9pt;"> in prices at</font><font style="font-size: 9pt;"> Petrobras </font><font style="font-size: 9pt;">at the end of March and </font><font style="font-size: 9pt;">during</font><font style="font-size: 9pt;"> April</font><font style="font-size: 9pt;">. </font></font></p>
<p style="margin: 0pt 0pt 10pt; text-align: justify;"><font style="font-family: 'times new roman', times;"><font style="color: #051272; font-size: 9pt; font-weight: bold;">Sales, general and administrative expenses</font><font style="color: #051272; font-size: 9pt; font-weight: bold;"> </font><font style="color: #051272; font-size: 9pt; font-weight: bold;">&#8211;</font><font style="font-size: 9pt;"> Total </font><font style="font-size: 9pt;">of</font><font style="font-size: 9pt;"> R$ 362 </font><font style="font-size: 9pt;">million</font><font style="font-size: 9pt;"> (-32%</font><font style="font-size: 9pt;">)</font><font style="font-size: 9pt;">, </font><font style="font-size: 9pt;">largely due to the reductio</font><font style="font-size: 9pt;">n</font><font style="font-size: 9pt;"> in freight c</font><font style="font-size: 9pt;">osts</font><font style="font-size: 9pt;"> (</font><font style="font-size: 9pt;">lower sales volume</font><font style="font-size: 9pt;">), marketing </font><font style="font-size: 9pt;">and payroll</font><font style="font-size: 9pt;">, </font><font style="font-size: 9pt;">as well as lower provisions for doubtful debts</font><font style="font-size: 9pt;"> (</font><font style="font-size: 9pt;">judicial recovery</font><font style="font-size: 9pt;"> of a client</font><font style="font-size: 9pt;"> in</font><font style="font-size: 9pt;"> </font><font style="font-size: 9pt;">2Q19</font><font style="font-size: 9pt;">)</font><font style="font-size: 9pt;"> </font><font style="font-size: 9pt;">and containment of expenses on various fronts</font><font style="font-size: 9pt;">.</font><font style="font-size: 9pt;"> </font></font></p>
<p style="margin: 0pt 0pt 10pt; text-align: justify;"><font style="font-family: 'times new roman', times;"><font style="color: #051272; font-size: 9pt; font-weight: bold;">O</font><font style="color: #051272; font-size: 9pt; font-weight: bold;">ther operati</font><font style="color: #051272; font-size: 9pt; font-weight: bold;">ng</font><font style="color: #051272; font-size: 9pt; font-weight: bold;"> results</font><font style="color: #051272; font-size: 9pt; font-weight: bold;"> &#8211;</font><font style="color: #ff0000; font-size: 9pt;"> </font><font style="font-size: 9pt;">Total </font><font style="font-size: 9pt;">of</font><font style="font-size: 9pt;"> R$ 22 </font><font style="font-size: 9pt;">million</font><font style="font-size: 9pt;"> (-47%)</font><font style="font-size: 9pt;">, d</font><font style="font-size: 9pt;">ue to the constitution of PIS/COFINS non</font><font style="font-size: 9pt;">-</font><font style="font-size: 9pt;">re</font><font style="font-size: 9pt;">curr</font><font style="font-size: 9pt;">ing</font><font style="font-size: 9pt;"> tax credits in</font><font style="font-size: 9pt;"> </font><font style="font-size: 9pt;">2Q19</font><font style="font-size: 9pt;">.</font></font></p>
<p style="margin: 0pt 0pt 10pt; text-align: justify;"><font style="font-family: 'times new roman', times;"><font style="color: #051272; font-size: 9pt; font-weight: bold;">Disposal of property</font><font style="color: #051272; font-size: 9pt; font-weight: bold;"> &#8211;</font><font style="color: #ff0000; font-size: 9pt;"> </font><font style="font-size: 9pt;">Total </font><font style="font-size: 9pt;">of</font><font style="font-size: 9pt;"> R$ 14 </font><font style="font-size: 9pt;">million</font><font style="font-size: 9pt;">,</font><font style="font-size: 9pt;"> </font><font style="font-size: 9pt;">due to </font><font style="font-size: 9pt;">the </font><font style="font-size: 9pt;">sale of land</font><font style="font-size: 9pt;">s</font><font style="font-size: 9pt;"> in the period</font><font style="font-size: 9pt;">.</font></font></p>
<p style="margin: 0pt 0pt 10pt; text-align: justify;"><font style="font-family: 'times new roman', times;"><font style="color: #051272; font-size: 9pt; font-weight: bold;">EBITDA &#8211;</font><font style="font-size: 9pt;"> Total </font><font style="font-size: 9pt;">of</font><font style="font-size: 9pt;"> R$ 179 </font><font style="font-size: 9pt;">million</font><font style="font-size: 9pt;"> (-65%</font><font style="font-size: 9pt;">,</font><font style="font-size: 9pt;">)</font><font style="font-size: 9pt;"> due to a significant inventory loss in the period and by a sharp drop in sales volume</font><font style="font-size: 9pt;">, </font><font style="font-size: 9pt;">which were partially </font><font style="font-size: 9pt;">offset </font><font style="font-size: 9pt;">by initiatives for containing expenses</font><font style="font-size: 9pt;">. </font></font></p>
<p style="margin: 0pt 0pt 10pt; text-align: justify;"><font style="font-family: 'times new roman', times;"><font style="color: #051272; font-size: 9pt; font-weight: bold;">Investments</font><font style="color: #051272; font-size: 9pt; font-weight: bold;"> &#8211;</font><font style="font-size: 9pt;"> </font><font style="font-size: 9pt;">Ipiranga invested</font><font style="font-size: 9pt;"> R$ 201 </font><font style="font-size: 9pt;">million</font><font style="font-size: 9pt;"> in the expansion and maintenance of the service station and franchise networks and in the company&#8217;s logistical infrastructure</font><font style="font-size: 9pt;">. </font><font style="font-size: 9pt;">Out of total investments</font><font style="font-size: 9pt;">, R$ 34 </font><font style="font-size: 9pt;">million</font><font style="font-size: 9pt;"> </font><font style="font-size: 9pt;">was expended on</font><font style="font-size: 9pt;"> plant, property and equipment and additions to intangible assets</font><font style="font-size: 9pt;">, R$ 90 </font><font style="font-size: 9pt;">million</font><font style="font-size: 9pt;"> </font><font style="font-size: 9pt;">on</font><font style="font-size: 9pt;"> contractual assets with clients</font><font style="font-size: 9pt;"> (</font><font style="font-size: 9pt;">exclusive rights</font><font style="font-size: 9pt;">) </font><font style="font-size: 9pt;">and</font><font style="font-size: 9pt;"> R$ 77 </font><font style="font-size: 9pt;">million</font><font style="font-size: 9pt;"> </font><font style="font-size: 9pt;">in </font><font style="font-size: 9pt;">the form of </font><font style="font-size: 9pt;">drawdown</font><font style="font-size: 9pt;">s</font><font style="font-size: 9pt;"> of financing to clients and advance </font><font style="font-size: 9pt;">payments of </font><font style="font-size: 9pt;">rental</font><font style="font-size: 9pt;">s</font><font style="font-size: 9pt;">, </font><font style="font-size: 9pt;">net of recei</font><font style="font-size: 9pt;">pts</font><font style="font-size: 9pt;">. Ipiranga </font><font style="font-size: 9pt;">closed</font><font style="font-size: 9pt;"> </font><font style="font-size: 9pt;">2Q20</font><font style="font-size: 9pt;"> </font><font style="font-size: 9pt;">with </font><font style="font-size: 9pt;">7</font><font style="font-size: 9pt;">,</font><font style="font-size: 9pt;">105 </font><font style="font-size: 9pt;">service stations and in line with</font><font style="font-size: 9pt;"> </font><font style="font-size: 9pt;">1Q20</font><font style="font-size: 9pt;">. </font></font></p>
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<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>134</font></font></td>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
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<td style="width: 50%;">
<p style="margin: 0in 0in 0.0001pt; font-size: 10pt; font-family: 'Century Gothic', sans-serif; color: #000000;"><font style="font-size: 14.0pt; mso-bidi-font-size: 9.5pt; font-family: 'Open Sans','sans-serif'; color: #051272; mso-themecolor: accent1;"><font style="mso-spacerun: yes;">&nbsp;</font></font><font style="font-size: 14.0pt; mso-bidi-font-size: 9.5pt; font-family: 'Open Sans','sans-serif'; color: #051272; mso-themecolor: accent1; mso-ansi-language: EN-US;">2<sup>nd</sup> QUARTER 2020</font><font style="mso-ansi-language: EN-US;"></font></p>
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<td style="width: 50%; text-align: right;"><img src="img05tm5h2uuv005523316.jpg" alt="Graphics"></td>
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</table>
<p><br></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt;" width="100%">

<tr style="height: 7.1pt;">
<td style="border-bottom-color: #000000; border-bottom-style: solid !important; border-bottom-width: 1.5pt !important; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 518.75pt;">
<p style="line-height: 14pt; margin: 0pt 0pt 6pt;"><font style="color: #051272; font-family: 'times new roman', times; font-size: 12pt; font-weight: bold;">Extrafarma</font></p>
</td>
</tr>

</table>
<p><br></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin: 0pt 9pt 0pt 0.1px; font-family: 'times new roman'; font-size: 10pt; width: 100%; height: 96px;" width="100%">

<tr style="height: 10px;">
<td rowspan="2" style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 27px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000;">
<p style="margin: 0pt;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;">&nbsp;</font></p>
</td>
<td rowspan="2" style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 27px; border-bottom: 1pt solid #000000; border-left: 1.5pt solid #000000; border-right: 1.5pt solid #000000; border-top-width: 1.5pt; border-top-style: solid; border-top-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;">2Q20</font></p>
</td>
<td rowspan="2" style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 27px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;">2Q19</font></p>
</td>
<td rowspan="2" style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 27px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;">1Q20</font></p>
</td>
<td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 10px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;">&#916;</font></p>
</td>
<td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 10px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;">&#916;</font></p>
</td>
<td rowspan="2" style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 27px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;">1H20</font></p>
</td>
<td rowspan="2" style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 27px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;">1H19</font></p>
</td>
<td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 10px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;">&#916;</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 7pt;"><font style="color: #262626; font-weight: bold;">2Q20</font><font style="color: #262626; font-weight: bold;"> v </font><font style="color: #262626; font-weight: bold;">2Q19</font></font></p>
</td>
<td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 7pt;"><font style="color: #262626; font-weight: bold;">2Q20</font><font style="color: #262626; font-weight: bold;"> v </font><font style="color: #262626; font-weight: bold;">1Q20</font></font></p>
</td>
<td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 7pt;"><font style="color: #262626; font-weight: bold;">1H20</font><font style="color: #262626; font-weight: bold;"> v </font><font style="color: #262626; font-weight: bold;">1H19</font></font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; width: 44%; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="color: #262626;">Drugstores</font><font style="color: #262626;"> </font><font style="color: #262626;">(</font><font style="color: #262626;">end of period</font><font style="color: #262626;">)</font></font></p>
</td>
<td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; width: 7%; border-bottom: 1pt solid #000000; border-left: 1.5pt solid #000000; border-right: 1.5pt solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt;">410</font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; width: 7%; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="color: #262626;">4</font><font style="color: #262626;">33</font></font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; width: 7%; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="color: #262626;">41</font><font style="color: #262626;">1</font></font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; width: 7%; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="color: #262626;">(</font><font style="color: #262626;">5</font><font style="color: #262626;">%)</font></font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; width: 7%; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="color: #262626;">0</font><font style="color: #262626;">%</font></font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; width: 7%; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="color: #262626;">4</font><font style="color: #262626;">1</font><font style="color: #262626;">0</font></font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; width: 7%; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="color: #262626;">4</font><font style="color: #262626;">33</font></font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; width: 7%; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="color: #262626;">(</font><font style="color: #262626;">5</font><font style="color: #262626;">%)</font></font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="color: #262626;"> </font><font style="color: #262626;">% </font><font style="color: #262626;">mature stores</font><font style="color: #262626;"> </font><font style="color: #262626;">(+3 </font><font style="color: #262626;">years</font><font style="color: #262626;">)</font></font></p>
</td>
<td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; border-bottom: 1pt solid #000000; border-left: 1.5pt solid #000000; border-right: 1.5pt solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="color: #262626;">6</font><font style="color: #262626;">2</font><font style="color: #262626;">%</font></font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="color: #262626;">4</font><font style="color: #262626;">7</font><font style="color: #262626;">%</font></font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="color: #262626;">60</font><font style="color: #262626;">%</font></font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="color: #262626;">1</font><font style="color: #262626;">5</font><font style="color: #262626;">.</font><font style="color: #262626;">1</font><font style="color: #262626;"> p.p.</font></font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="color: #262626;">2</font><font style="color: #262626;">.</font><font style="color: #262626;">6</font><font style="color: #262626;"> p.p.</font></font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="color: #262626;">62</font><font style="color: #262626;">%</font></font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="color: #262626;">47</font><font style="color: #262626;">%</font></font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="color: #262626;">15</font><font style="color: #262626;">.</font><font style="color: #262626;">1</font><font style="color: #262626;"> p.p.</font></font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="color: #262626; font-weight: bold;">Gross revenue</font><font style="color: #262626; font-weight: bold;">s</font><font style="color: #262626; font-weight: bold;"> </font><font style="color: #262626; font-weight: bold;">(R$ </font><font style="color: #262626; font-weight: bold;">million</font><font style="color: #262626; font-weight: bold;">)</font></font></p>
</td>
<td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; border-bottom: 1pt solid #000000; border-left: 1.5pt solid #000000; border-right: 1.5pt solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="color: #262626; font-weight: bold;">5</font><font style="color: #262626; font-weight: bold;">15</font></font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="color: #262626; font-weight: bold;">5</font><font style="color: #262626; font-weight: bold;">59</font></font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="color: #262626; font-weight: bold;">52</font><font style="color: #262626; font-weight: bold;">1</font></font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="color: #262626; font-weight: bold;">(</font><font style="color: #262626; font-weight: bold;">8</font><font style="color: #262626; font-weight: bold;">%)</font></font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;">(1%)</font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="color: #262626; font-weight: bold;">1</font><font style="color: #262626; font-weight: bold;">,</font><font style="color: #262626; font-weight: bold;">036</font></font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="color: #262626; font-weight: bold;">1</font><font style="color: #262626; font-weight: bold;">,</font><font style="color: #262626; font-weight: bold;">105</font></font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="color: #262626; font-weight: bold;">(</font><font style="color: #262626; font-weight: bold;">6</font><font style="color: #262626; font-weight: bold;">%)</font></font></p>
</td>
</tr>
<tr style="height: 18px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 18px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="color: #262626; font-weight: bold;">EBITDA </font><font style="color: #262626; font-weight: bold;">(R$ </font><font style="color: #262626; font-weight: bold;">million</font><font style="color: #262626; font-weight: bold;">)</font></font></p>
</td>
<td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 18px; border-bottom: 1.5pt solid #000000; border-left: 1.5pt solid #000000; border-right: 1.5pt solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;">14</font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 18px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="color: #262626; font-weight: bold;">1</font><font style="color: #262626; font-weight: bold;">8</font></font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 18px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;">9</font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 18px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="font-weight: bold;">(24</font><font style="font-weight: bold;">%</font><font style="font-weight: bold;">)</font></font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 18px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;">54%</font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 18px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;">23</font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 18px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;">19</font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 18px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;">17%</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 7pt; font-style: italic;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 7pt; font-style: italic;">&nbsp;</font></p>
<p style="margin: 0pt 0pt 10pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #051272; font-weight: bold;">Operational performance</font><font style="color: #051272; font-weight: bold;"> &#8211;</font> Extrafarma ended 2Q20 with 410 stores, 15 store openings and 38 closures in the past 12 months, a reduction of 5% in its network and the result of greater selectivity in expansion and a more rigorous approach to underperforming stores. During 2Q20, around 7% of the stores were temporally closed, for being in shopping centers, and about 80% of the stores operated with reduced opening hours. At the end of 2Q20, stores still at the maturing stage (with up to three years of operations) represented 38% of the network. </font></p>
<p style="margin: 0pt 0pt 10pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #051272; font-weight: bold;">Gross revenues</font><font style="color: #051272; font-weight: bold;"> &#8211;</font> Total of R$ 515 million (-8%), a reflection of the (i) number of stores 5% lower, (ii) the temporary closure of 7% of stores in shopping centers and (iii) the decrease in customers&#8217; flow at the stores, effects that were partially offset by higher sales from the same stores in operation (+4.6%), as a result of the maintenance of a good service level, greater average ticket and strengthening and expanding of sales initiatives through delivery channels and partnerships with delivery apps. </font></p>
<p style="margin: 0pt 0pt 10pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #051272; font-weight: bold;">Cost of goods sold</font><font style="color: #051272; font-weight: bold;"> </font><font style="color: #051272; font-weight: bold;">and gross profit</font><font style="color: #051272; font-weight: bold;"> &#8211;</font> The cost of goods sold totaled R$ 343 million (-9%), due to lower sales. Gross profit was R$ 141 million (-7%), corresponding to a gross margin of 27.5%, 0.5 p.p. higher than 2Q19, mainly due to improvement in retail margins and lower share of sales in the wholesale segment, which has a lower margin, despite the postponement of the regulatory price increase (CMED) from April to June. </font></p>
<p style="margin: 0pt 0pt 10pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #051272; font-weight: bold;">Sales, general and administrative expenses</font><font style="color: #051272; font-weight: bold;"> </font><font style="color: #051272; font-weight: bold;">&#8211;</font> Total of R$ 163 million (-15%) mainly due to the lower number of stores and the initiatives for ramping up productivity and logistical optimization, with emphasis on the reduction of payroll expenses and the opening of the Guarulhos (SP) DC. </font></p>
<p style="margin: 0pt 0pt 10pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #051272; font-weight: bold;">O</font><font style="color: #051272; font-weight: bold;">ther </font><font style="color: #051272; font-weight: bold;">o</font><font style="color: #051272; font-weight: bold;">perating </font><font style="color: #051272; font-weight: bold;">r</font><font style="color: #051272; font-weight: bold;">esults</font><font style="color: #051272; font-weight: bold;"> &#8211;</font><font style="color: #ff0000;"> </font>Reduction of R$ 17 million in relation to 2Q19, mainly due to the booking of non-recurring tax and social security credits reported in 2Q19. </font></p>
<p style="margin: 0pt 0pt 10pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #051272; font-weight: bold;">EBITDA &#8211; </font>Total of R$ 14 million (-24%), a reduction of R$ 4 million compared to 2Q19, due to tax and social security credits of R$ 16 million in 2Q19. Excluding this effect, and despite the 8% drop in sales impacted by the pandemic and fewer number of stores, Extrafarma recorded a growth in EBITDA, mainly from the (i) process of closure of stores implemented and higher profitability of the existing chain, (ii) initiatives to increase productivity and reduce expenses and (iii) improve margins. In relation to 1Q20, there was an increase of 54% principally due to the reduction in expenses and productivity gains, despite the impacts of the pandemic and lower revenues.</font></p>
<p style="margin: 0pt 0pt 10pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #051272; font-weight: bold;">Investments</font><font style="color: #051272; font-weight: bold;"> &#8211;</font> In 2Q20, Extrafarma invested R$ 6 million, allocated mainly to IT, maintenance and revitalization of stores.</font></p>
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<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>135</font></font></td>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
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<p style="margin: 0in 0in 0.0001pt; font-size: 10pt; font-family: 'Century Gothic', sans-serif; color: #000000;"><font style="font-size: 14.0pt; mso-bidi-font-size: 9.5pt; font-family: 'Open Sans','sans-serif'; color: #051272; mso-themecolor: accent1;"><font style="mso-spacerun: yes;">&nbsp;</font></font><font style="font-size: 14.0pt; mso-bidi-font-size: 9.5pt; font-family: 'Open Sans','sans-serif'; color: #051272; mso-themecolor: accent1; mso-ansi-language: EN-US;">2<sup>nd</sup> QUARTER 2020</font><font style="mso-ansi-language: EN-US;"></font></p>
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<p style="line-height: 14pt; margin: 0pt 0pt 6pt;"><font style="color: #051272; font-family: 'times new roman', times; font-size: 12pt; font-weight: bold;">Ultrapar</font></p>
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<p style="margin: 0pt;"><font style="font-family: 'times new roman', times;"><font style="color: #262626; font-size: 8.5pt; font-weight: bold;">Amounts in</font><font style="color: #262626; font-size: 8.5pt; font-weight: bold;"> R$ </font><font style="color: #262626; font-size: 8.5pt; font-weight: bold;">million</font></font></p>
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<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;">2Q20</font></p>
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<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;">2Q19</font></p>
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<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;">1Q20</font></p>
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<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;">&#916;</font></p>
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<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;">&#916;</font></p>
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<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;">1H20</font></p>
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<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;">1H19</font></p>
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<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;">&#916;</font></p>
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<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times;"><font style="color: #262626; font-size: 7pt; font-weight: bold;">2Q20</font><font style="color: #262626; font-size: 7pt; font-weight: bold;"> v </font><font style="color: #262626; font-size: 7pt; font-weight: bold;">2Q19</font></font></p>
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<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times;"><font style="color: #262626; font-size: 7pt; font-weight: bold;">2Q20</font><font style="color: #262626; font-size: 7pt; font-weight: bold;"> v </font><font style="color: #262626; font-size: 7pt; font-weight: bold;">1Q20</font></font></p>
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<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times;"><font style="color: #262626; font-size: 7pt; font-weight: bold;">1H20</font><font style="color: #262626; font-size: 7pt; font-weight: bold;"> v </font><font style="color: #262626; font-size: 7pt; font-weight: bold;">1H19</font></font></p>
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<p style="margin: 0pt;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 8.5pt;">Net revenues</font></p>
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<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times;"><font style="color: #262626; font-size: 9pt;">15</font><font style="color: #262626; font-size: 9pt;">,</font><font style="color: #262626; font-size: 9pt;">87</font><font style="color: #262626; font-size: 9pt;">6</font></font></p>
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<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times;"><font style="color: #262626; font-size: 9pt;">2</font><font style="color: #262626; font-size: 9pt;">1</font><font style="color: #262626; font-size: 9pt;">,</font><font style="color: #262626; font-size: 9pt;">693</font></font></p>
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<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times;"><font style="color: #262626; font-size: 9pt;">2</font><font style="color: #262626; font-size: 9pt;">1</font><font style="color: #262626; font-size: 9pt;">,</font><font style="color: #262626; font-size: 9pt;">387</font></font></p>
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<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times;"><font style="color: #262626; font-size: 9pt;">(27</font><font style="color: #262626; font-size: 9pt;">%</font><font style="color: #262626; font-size: 9pt;">)</font></font></p>
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<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; width: 7%; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times;"><font style="color: #262626; font-size: 9pt;">(</font><font style="color: #262626; font-size: 9pt;">26</font><font style="color: #262626; font-size: 9pt;">%)</font></font></p>
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<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; width: 7%; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times;"><font style="color: #262626; font-size: 9pt;">37</font><font style="color: #262626; font-size: 9pt;">,</font><font style="color: #262626; font-size: 9pt;">263</font></font></p>
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<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; width: 7%; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times;"><font style="color: #262626; font-size: 9pt;">42</font><font style="color: #262626; font-size: 9pt;">,</font><font style="color: #262626; font-size: 9pt;">432</font></font></p>
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<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times;"><font style="color: #262626; font-size: 9pt;">(12</font><font style="color: #262626; font-size: 9pt;">%</font><font style="color: #262626; font-size: 9pt;">)</font></font></p>
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<p style="margin: 0pt;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 8.5pt; font-weight: bold;">Net Income</font></p>
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<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;">50</font></p>
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<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;">121</font></p>
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<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;">169</font></p>
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<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times;"><font style="color: #262626; font-size: 9pt; font-weight: bold;">(</font><font style="color: #262626; font-size: 9pt; font-weight: bold;">59</font><font style="color: #262626; font-size: 9pt; font-weight: bold;">%)</font></font></p>
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<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times;"><font style="color: #262626; font-size: 9pt; font-weight: bold;">(70</font><font style="color: #262626; font-size: 9pt; font-weight: bold;">%</font><font style="color: #262626; font-size: 9pt; font-weight: bold;">)</font></font></p>
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<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;">219</font></p>
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<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;">363</font></p>
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<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times;"><font style="color: #262626; font-size: 9pt; font-weight: bold;">(</font><font style="color: #262626; font-size: 9pt; font-weight: bold;">4</font><font style="color: #262626; font-size: 9pt; font-weight: bold;">0%)</font></font></p>
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<p style="margin: 0pt;"><font style="font-family: 'times new roman', times;"><font style="color: #262626; font-size: 8.5pt;">Earnings per share attributable to shareholders</font><font style="color: #262626; font-size: 8.5pt;">&#178;</font></font></p>
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<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times;"><font style="color: #262626; font-size: 9pt;">0</font><font style="color: #262626; font-size: 9pt;">.</font><font style="color: #262626; font-size: 9pt;">04</font></font></p>
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<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times;"><font style="color: #262626; font-size: 9pt;">0</font><font style="color: #262626; font-size: 9pt;">.</font><font style="color: #262626; font-size: 9pt;">10</font></font></p>
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<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times;"><font style="color: #262626; font-size: 9pt;">0</font><font style="color: #262626; font-size: 9pt;">.</font><font style="color: #262626; font-size: 9pt;">15</font></font></p>
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<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times;"><font style="font-size: 9pt;">(6</font><font style="font-size: 9pt;">2</font><font style="font-size: 9pt;">%)</font></font></p>
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<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 9pt;">(75%)</font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times;"><font style="color: #262626; font-size: 9pt;">0</font><font style="color: #262626; font-size: 9pt;">.</font><font style="color: #262626; font-size: 9pt;">19</font></font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times;"><font style="color: #262626; font-size: 9pt;">0</font><font style="color: #262626; font-size: 9pt;">.</font><font style="color: #262626; font-size: 9pt;">32</font></font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times;"><font style="color: #262626; font-size: 9pt;">(</font><font style="color: #262626; font-size: 9pt;">41</font><font style="color: #262626; font-size: 9pt;">%)</font></font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times;"><font style="color: #262626; font-size: 8.5pt;">EBITDA ex-no</font><font style="color: #262626; font-size: 8.5pt;">n</font><font style="color: #262626; font-size: 8.5pt;">-</font><font style="color: #262626; font-size: 8.5pt;">recurring</font><font style="color: #262626; font-size: 8.5pt;">&#185;</font></font></p>
</td>
<td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; border-bottom: 1pt solid #000000; border-left: 1.5pt solid #000000; border-right: 1.5pt solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt;">599</font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times;"><font style="color: #262626; font-size: 9pt;">7</font><font style="color: #262626; font-size: 9pt;">30</font></font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt;">809</font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times;"><font style="color: #262626; font-size: 9pt;">(18</font><font style="color: #262626; font-size: 9pt;">%</font><font style="color: #262626; font-size: 9pt;">)</font></font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times;"><font style="color: #262626; font-size: 9pt;">(</font><font style="color: #262626; font-size: 9pt;">26</font><font style="color: #262626; font-size: 9pt;">%)</font></font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times;"><font style="color: #262626; font-size: 9pt;">1</font><font style="color: #262626; font-size: 9pt;">,</font><font style="color: #262626; font-size: 9pt;">408</font></font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times;"><font style="color: #262626; font-size: 9pt;">1</font><font style="color: #262626; font-size: 9pt;">,</font><font style="color: #262626; font-size: 9pt;">512</font></font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times;"><font style="color: #262626; font-size: 9pt;">(7</font><font style="color: #262626; font-size: 9pt;">%</font><font style="color: #262626; font-size: 9pt;">)</font></font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times;"><font style="color: #262626; font-size: 8.5pt; font-weight: bold;">Adjusted </font><font style="color: #262626; font-size: 8.5pt; font-weight: bold;">EBITDA </font></font></p>
</td>
<td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; border-bottom: 1pt solid #000000; border-left: 1.5pt solid #000000; border-right: 1.5pt solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;">611</font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;">677</font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;">880</font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times;"><font style="color: #262626; font-size: 9pt; font-weight: bold;">(</font><font style="color: #262626; font-size: 9pt; font-weight: bold;">1</font><font style="color: #262626; font-size: 9pt; font-weight: bold;">0</font><font style="color: #262626; font-size: 9pt; font-weight: bold;">%</font><font style="color: #262626; font-size: 9pt; font-weight: bold;">)</font></font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times;"><font style="color: #262626; font-size: 9pt; font-weight: bold;">(31</font><font style="color: #262626; font-size: 9pt; font-weight: bold;">%</font><font style="color: #262626; font-size: 9pt; font-weight: bold;">)</font></font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times;"><font style="color: #262626; font-size: 9pt; font-weight: bold;">1</font><font style="color: #262626; font-size: 9pt; font-weight: bold;">,</font><font style="color: #262626; font-size: 9pt; font-weight: bold;">491</font></font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times;"><font style="color: #262626; font-size: 9pt; font-weight: bold;">1</font><font style="color: #262626; font-size: 9pt; font-weight: bold;">,</font><font style="color: #262626; font-size: 9pt; font-weight: bold;">459</font></font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;">2%</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 8.5pt;">Investments</font></p>
</td>
<td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; border-bottom: 1pt solid #000000; border-left: 1.5pt solid #000000; border-right: 1.5pt solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times;"><font style="color: #262626; font-size: 9pt;">3</font><font style="color: #262626; font-size: 9pt;">6</font><font style="color: #262626; font-size: 9pt;">1</font></font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt;">336</font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt;">350</font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times;"><font style="color: #262626; font-size: 9pt;">7</font><font style="color: #262626; font-size: 9pt;">%</font></font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times;"><font style="color: #262626; font-size: 9pt;">3</font><font style="color: #262626; font-size: 9pt;">%</font></font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times;"><font style="color: #262626; font-size: 9pt;">7</font><font style="color: #262626; font-size: 9pt;">1</font><font style="color: #262626; font-size: 9pt;">1</font></font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt;">604</font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times;"><font style="color: #262626; font-size: 9pt;">1</font><font style="color: #262626; font-size: 9pt;">8</font><font style="color: #262626; font-size: 9pt;">%</font></font></p>
</td>
</tr>
<tr style="height: 18px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 18px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 8.5pt;">Operating cash flow</font></p>
</td>
<td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 18px; border-bottom: 1.5pt solid #000000; border-left: 1.5pt solid #000000; border-right: 1.5pt solid #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times;"><font style="font-size: 9pt;">87</font><font style="font-size: 9pt;">1</font></font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 18px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 9pt;">1,065</font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 18px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 9pt;">932</font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 18px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 9pt;">(18%)</font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 18px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 9pt;">(7%)</font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 18px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times;"><font style="font-size: 9pt;">1,80</font><font style="font-size: 9pt;">3</font></font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 18px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 9pt;">1,527</font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 18px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 9pt;">18%</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 5pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times;"><font style="font-size: 7pt; font-style: italic;">&#185;</font><font style="font-size: 7pt; font-style: italic;"> </font><font style="font-size: 7pt; font-style: italic;">Excludes the effect of the</font><font style="font-size: 7pt; font-style: italic;"> TAC </font><font style="font-size: 7pt; font-style: italic;">at </font><font style="font-size: 7pt; font-style: italic;">Ultracargo </font><font style="font-size: 7pt; font-style: italic;">in</font><font style="font-size: 7pt; font-style: italic;"> </font><font style="font-size: 7pt; font-style: italic;">2Q19</font><font style="font-size: 7pt; font-style: italic;">, </font><font style="font-size: 7pt; font-style: italic;">tax credits at</font><font style="font-size: 7pt; font-style: italic;"> Oxiteno </font><font style="font-size: 7pt; font-style: italic;">in</font><font style="font-size: 7pt; font-style: italic;"> </font><font style="font-size: 7pt; font-style: italic;">1Q20</font><font style="font-size: 7pt; font-style: italic;"> </font><font style="font-size: 7pt; font-style: italic;">and tax credits at</font><font style="font-size: 7pt; font-style: italic;"> Ultracargo </font><font style="font-size: 7pt; font-style: italic;">in</font><font style="font-size: 7pt; font-style: italic;"> </font><font style="font-size: 7pt; font-style: italic;">2Q20</font></font></p>
<p style="margin: 0pt 0pt 10pt; text-align: justify;"><font style="font-family: 'times new roman', times;"><font style="font-size: 7pt; font-style: italic;">&#178; </font><font style="font-size: 7pt; font-style: italic;">Calculated in Reais based on the weighted average number of shares over the period, net of shares held </font><font style="font-size: 7pt; font-style: italic;">in</font><font style="font-size: 7pt; font-style: italic;"> treasury</font></font></p>
<p style="margin: 0pt 0pt 10pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #051272; font-weight: bold;">Net revenues</font><font style="color: #051272; font-weight: bold;"> &#8211;</font> Total of R$ 15,876 million (-27%) due to the decrease in net revenues at Ipiranga, Ultragaz and Extrafarma, mainly the result of volatility in the prices of fuels and LPG and the downturn in sales volume, in most of the businesses, due to the pandemic. </font></p>
<p style="margin: 0pt 0pt 10pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #051272; font-weight: bold;">Adjusted </font><font style="color: #051272; font-weight: bold;">EBITDA &#8211;</font> Total of R$ 611 million (-10%), due to the lower EBITDA of Ipiranga and Extrafarma. Excluding the effects of the tax credits in 2Q20 and the TAC in 2Q19, both at Ultracargo, EBITDA totaled R$ 599 million (-18%).&nbsp;</font></p>
<p style="margin: 0pt 0pt 10pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #051272; font-weight: bold;">Deprecia</font><font style="color: #051272; font-weight: bold;">tion and amortization</font><font style="color: #051272; font-weight: bold; vertical-align: super;">3</font><font style="color: #051272; font-weight: bold;"> &#8211;</font> Total of R$ 381 million (+2%), mainly the result of greater amortization of software, vehicles and properties. </font></p>
<p style="margin: 0pt 0pt 10pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #051272; font-weight: bold;">Financial result</font><font style="color: #44546a; font-weight: bold;"> &#8211;</font> Ultrapar reported net financial expense of R$ 80 million in 2Q20 (-13%), reflecting the decrease in interest expenses, partially offset by the appreciation of Ultrapar&#8217;s shares in relation to the subscription warrant (issued at the incorporation of Extrafarma), which had a negative effect in 2Q20. In relation to 1Q20, the financial result was 52% lower, mainly due to the negative result from marking to market the zero cost collar in 1Q20.</font></p>
<p style="margin: 0pt 0pt 10pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #051272; font-weight: bold;">Net Income</font><font style="color: #051272; font-weight: bold;"> &#8211;</font> Total of R$ 50 million (-59%), largely due to the impacts of the pandemic on Ipiranga&#8217;s business, attenuated by a lower financial expense. </font></p>
<p style="margin: 0pt 0pt 10pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #051272; font-weight: bold;">Cash flow from operational activities</font><font style="color: #051272; font-weight: bold;"> &#8211;</font> Cash generation of R$ 1,803 million in 1H20, compared to R$ 1,527 million in 1H19, was due to greater divestment in working capital in the period.</font></p>
<p style="margin: 0pt 0pt 10pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #051272; font-weight: bold;">Result</font><font style="color: #051272; font-weight: bold;">s from</font><font style="color: #051272; font-weight: bold;"> Holding,</font><font style="color: #051272; font-weight: bold;"> affiliates and </font><font style="color: #051272; font-style: italic; font-weight: bold;">abastece a&#237;</font><font style="color: #051272; font-weight: bold;"> &#8211; </font>In addition to the five principal businesses, Ultrapar recorded a negative impact on its EBITDA of R$ 40 million, comprised of (i) R$ 22 million of the Holding&#8217;s expenses, (ii) R$ 12 million of negative EBITDA from a<font style="font-style: italic;">bastece </font><font style="font-style: italic;">a&#237;</font><font style="font-style: italic;"> </font>(new digital payments company) due to expenses with payroll and technology for the structuring and growth of the business, and (iii) R$ 7 million of negative EBITDA from affiliates, related principally to lower sales volume and inventory losses at the Riograndense refinery due to the sudden decline in oil and oil derivative prices at the beginning of the quarter and accentuated exchange rate volatility with a negative impact on the cost of raw materials.</font></p>
<p style="margin: 0pt 0pt 10pt; text-align: justify;"><font style="font-family: 'times new roman', times;"><font style="font-size: 7pt; font-style: italic;">&#179; </font><font style="font-size: 7pt; font-style: italic;">Includes amortization of contractual assets with clients &#8211; exclusive rights&nbsp;&nbsp;</font></font><br></p>
<p style="margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt; font-style: italic;"><br></font></p>
<p style="margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: 'Century Gothic'; font-size: 7pt; font-style: italic;"><br></font></p>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
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<p style="line-height: 14pt; margin: 0pt 0pt 6pt;"><font style="color: #051272; font-family: 'times new roman', times; font-size: 12pt; font-weight: bold;">Capital markets</font></p>
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<p style="margin: 6pt 0pt 10pt; text-align: justify;"><font style="font-size: 10pt; font-family: 'times new roman', times;">Incorporating trading on B3 and NYSE, Ultrapar reported an average daily trading volume of R$ 165 million/day in 2Q20 (+27%). Ultrapar&#8217;s shares closed the quarter quoted at R$ 18.38 on B3, an appreciation of 47% in the quarter while the Ibovespa stock index posted an appreciation of 30%. In NYSE, Ultrapar&#8217;s shares posted an appreciation of 40% in 2Q20, while the Dow Jones stock index registered growth of 18%. Ultrapar closed 2Q20 with a market cap of R$ 20 billion.</font></p>
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<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; color: #000000;"><font style="font-size: 9pt; font-weight: bold;">Capital markets&nbsp;&nbsp;</font></font></p>
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<td style="background-color: #ffffff; padding: 0px; vertical-align: middle; height: 16px; margin: 0px 0px 0px 0.1px; text-indent: 0px; border-width: 1pt 1.5pt !important; border-style: solid !important; border-color: #000000 !important; border-top: 1.5pt solid #000000 !important;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold; color: #000000;">2Q20</font></p>
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<td style="background-color: #ffffff; padding: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; border-bottom: 1pt solid #000000 !important; border-top: 1pt solid #000000 !important;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold; color: #000000;">2Q19</font></p>
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<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold; color: #000000;">1Q20</font></p>
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<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold; color: #000000;">1H20</font></p>
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<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold; color: #000000;">1H19</font></p>
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<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; color: #000000;"><font style="font-size: 9pt; font-weight: bold;">Number of shares</font><font style="font-size: 9pt; font-weight: bold;"> (</font><font style="font-size: 9pt; font-weight: bold;">000</font><font style="font-size: 9pt; font-weight: bold;">) </font></font></p>
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<td style="background-color: #ffffff; padding: 0px; vertical-align: bottom; height: 13px; margin: 0px 0px 0px 0.1px; text-indent: 0px; border-bottom: 1pt solid #000000 !important; width: 10%; border-left: 1.5pt solid #000000 !important; border-right: 1.5pt solid #000000 !important;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; color: #000000;"><font style="font-size: 9pt; font-weight: bold;">1</font><font style="font-size: 9pt; font-weight: bold;">,</font><font style="font-size: 9pt; font-weight: bold;">114</font><font style="font-size: 9pt; font-weight: bold;">,</font><font style="font-size: 9pt; font-weight: bold;">919</font></font></p>
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<td style="padding: 0px; vertical-align: bottom; height: 13px; margin: 0px; text-indent: 0px; border-bottom: 1pt solid #000000 !important; width: 10%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; color: #000000;"><font style="font-size: 9pt; font-weight: bold;">1</font><font style="font-size: 9pt; font-weight: bold;">,</font><font style="font-size: 9pt; font-weight: bold;">112</font><font style="font-size: 9pt; font-weight: bold;">,</font><font style="font-size: 9pt; font-weight: bold;">810</font></font></p>
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<td style="vertical-align: bottom; height: 13px; padding: 0px; margin: 0px; text-indent: 0px; border-bottom: 1pt solid #000000 !important; width: 10%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; color: #000000;"><font style="font-size: 9pt; font-weight: bold;">1</font><font style="font-size: 9pt; font-weight: bold;">,</font><font style="font-size: 9pt; font-weight: bold;">114</font><font style="font-size: 9pt; font-weight: bold;">,</font><font style="font-size: 9pt; font-weight: bold;">919</font></font></p>
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<td style="vertical-align: top; height: 13px; padding: 0px; margin: 0px; text-indent: 0px; border-bottom: 1pt solid #000000 !important; width: 10%;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; color: #000000;"><font style="font-size: 9pt; font-weight: bold;">1</font><font style="font-size: 9pt; font-weight: bold;">,</font><font style="font-size: 9pt; font-weight: bold;">114</font><font style="font-size: 9pt; font-weight: bold;">,</font><font style="font-size: 9pt; font-weight: bold;">919</font></font></p>
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<td style="padding: 0px; vertical-align: bottom; height: 13px; margin: 0px; text-indent: 0px; border-bottom: 1pt solid #000000 !important; width: 10%; border-right-width: 1pt !important; border-right-style: solid !important; border-right-color: #000000 !important;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; color: #000000;"><font style="font-size: 9pt; font-weight: bold;">1</font><font style="font-size: 9pt; font-weight: bold;">,</font><font style="font-size: 9pt; font-weight: bold;">112</font><font style="font-size: 9pt; font-weight: bold;">,</font><font style="font-size: 9pt; font-weight: bold;">810</font></font></p>
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<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; color: #000000;"><font style="font-size: 9pt; font-weight: bold;">Market capitalization</font><font style="font-size: 7pt;">&#185;</font><font style="font-size: 9pt; font-weight: bold;"> (R$ </font><font style="font-size: 9pt; font-weight: bold;">million</font><font style="font-size: 9pt; font-weight: bold;">)</font></font></p>
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<td style="background-color: #ffffff; padding: 0px; vertical-align: bottom; height: 10px; margin: 0px 0px 0px 0.1px; text-indent: 0px; border-bottom: 1pt solid #000000 !important; border-left: 1.5pt solid #000000 !important; border-right: 1.5pt solid #000000 !important;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; color: #000000;"><font style="font-size: 9pt; font-weight: bold;">20</font><font style="font-size: 9pt; font-weight: bold;">,</font><font style="font-size: 9pt; font-weight: bold;">492</font></font></p>
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<td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; border-bottom: 1pt solid #000000 !important;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; color: #000000;"><font style="font-size: 9pt; font-weight: bold;">22</font><font style="font-size: 9pt; font-weight: bold;">,</font><font style="font-size: 9pt; font-weight: bold;">367</font></font></p>
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<td style="vertical-align: bottom; height: 10px; padding: 0px; margin: 0px; text-indent: 0px; border-bottom: 1pt solid #000000 !important;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; color: #000000;"><font style="font-size: 9pt; font-weight: bold;">13</font><font style="font-size: 9pt; font-weight: bold;">,</font><font style="font-size: 9pt; font-weight: bold;">970</font></font></p>
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<td style="vertical-align: top; height: 10px; padding: 0px; margin: 0px; text-indent: 0px; border-bottom: 1pt solid #000000 !important;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; color: #000000;"><font style="font-size: 9pt; font-weight: bold;">20</font><font style="font-size: 9pt; font-weight: bold;">,</font><font style="font-size: 9pt; font-weight: bold;">492</font></font></p>
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<td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; border-bottom: 1pt solid #000000 !important; border-right-width: 1pt !important; border-right-style: solid !important; border-right-color: #000000 !important;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; color: #000000;"><font style="font-size: 9pt; font-weight: bold;">22</font><font style="font-size: 9pt; font-weight: bold;">,</font><font style="font-size: 9pt; font-weight: bold;">367</font></font></p>
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<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold; color: #000000;">B3</font></p>
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<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; color: #000000;">&nbsp;</font></p>
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<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; color: #000000;">&nbsp;</font></p>
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<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; color: #000000;">&nbsp;</font></p>
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<td style="/* background-color: #f2f2f2; */vertical-align: top; height: 10px; padding: 0px; margin: 0px; text-indent: 0px; border-bottom: 1pt solid #000000 !important;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; color: #000000;">&nbsp;</font></p>
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<td style="/* background-color: #f2f2f2; */padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; border-bottom: 1pt solid #000000 !important; border-right-width: 1pt !important; border-right-style: solid !important; border-right-color: #000000 !important;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; color: #000000;">&nbsp;</font></p>
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<td style="background-color: #ffffff; padding: 0px 0px 0px 10px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; border-bottom: 1pt solid #000000 !important; border-left: 1pt solid #000000 !important;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; color: #000000;"><font style="font-size: 9pt;">Average daily </font><font style="font-size: 9pt;">trad</font><font style="font-size: 9pt;">ing</font><font style="font-size: 9pt;"> </font><font style="font-size: 9pt;">volume</font><font style="font-size: 9pt;"> (</font><font style="font-size: 9pt;">shares</font><font style="font-size: 9pt;">)&nbsp;</font></font></p>
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<td style="background-color: #ffffff; padding: 0px; vertical-align: bottom; height: 10px; margin: 0px 0px 0px 0.1px; text-indent: 0px; border-bottom: 1pt solid #000000 !important; border-left: 1.5pt solid #000000 !important; border-right: 1.5pt solid #000000 !important;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; color: #000000;"><font style="font-size: 9pt;">9</font><font style="font-size: 9pt;">,</font><font style="font-size: 9pt;">135</font><font style="font-size: 9pt;">,</font><font style="font-size: 9pt;">911</font></font></p>
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<td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; border-bottom: 1pt solid #000000 !important;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; color: #000000;"><font style="font-size: 9pt;">5</font><font style="font-size: 9pt;">,</font><font style="font-size: 9pt;">092</font><font style="font-size: 9pt;">,</font><font style="font-size: 9pt;">892</font></font></p>
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<td style="vertical-align: bottom; height: 10px; padding: 0px; margin: 0px; text-indent: 0px; border-bottom: 1pt solid #000000 !important;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; color: #000000;"><font style="font-size: 9pt;">9</font><font style="font-size: 9pt;">,</font><font style="font-size: 9pt;">901</font><font style="font-size: 9pt;">,</font><font style="font-size: 9pt;">834</font></font></p>
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<td style="vertical-align: top; height: 10px; padding: 0px; margin: 0px; text-indent: 0px; border-bottom: 1pt solid #000000 !important;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; color: #000000;"><font style="font-size: 9pt;">9</font><font style="font-size: 9pt;">,</font><font style="font-size: 9pt;">437</font><font style="font-size: 9pt;">,</font><font style="font-size: 9pt;">640</font></font></p>
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<td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; border-bottom: 1pt solid #000000 !important; border-right-width: 1pt !important; border-right-style: solid !important; border-right-color: #000000 !important;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; color: #000000;"><font style="font-size: 9pt;">5</font><font style="font-size: 9pt;">,</font><font style="font-size: 9pt;">275</font><font style="font-size: 9pt;">,</font><font style="font-size: 9pt;">822</font></font></p>
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<tr style="height: 10px;">
<td style="background-color: #ffffff; padding: 0px 0px 0px 10px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; border-bottom: 1pt solid #000000 !important; border-left: 1pt solid #000000 !important;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; color: #000000;"><font style="font-size: 9pt;">Average daily </font><font style="font-size: 9pt;">trad</font><font style="font-size: 9pt;">ing</font><font style="font-size: 9pt;"> </font><font style="font-size: 9pt;">volume</font><font style="font-size: 9pt;"> (R$ </font><font style="font-size: 9pt;">000</font><font style="font-size: 9pt;">)</font></font></p>
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<td style="background-color: #ffffff; padding: 0px; vertical-align: bottom; height: 10px; margin: 0px 0px 0px 0.1px; text-indent: 0px; border-bottom: 1pt solid #000000 !important; border-left: 1.5pt solid #000000 !important; border-right: 1.5pt solid #000000 !important;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; color: #000000;"><font style="font-size: 9pt;">141</font><font style="font-size: 9pt;">,</font><font style="font-size: 9pt;">452</font></font></p>
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<td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; border-bottom: 1pt solid #000000 !important;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; color: #000000;"><font style="font-size: 9pt;">107</font><font style="font-size: 9pt;">,</font><font style="font-size: 9pt;">834</font></font></p>
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<td style="vertical-align: bottom; height: 10px; padding: 0px; margin: 0px; text-indent: 0px; border-bottom: 1pt solid #000000 !important;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; color: #000000;"><font style="font-size: 9pt;">184</font><font style="font-size: 9pt;">,</font><font style="font-size: 9pt;">163</font></font></p>
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<td style="vertical-align: top; height: 10px; padding: 0px; margin: 0px; text-indent: 0px; border-bottom: 1pt solid #000000 !important;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; color: #000000;"><font style="font-size: 9pt;">160</font><font style="font-size: 9pt;">,</font><font style="font-size: 9pt;">858</font></font></p>
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<td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; border-bottom: 1pt solid #000000 !important; border-right-width: 1pt !important; border-right-style: solid !important; border-right-color: #000000 !important;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; color: #000000;"><font style="font-size: 9pt;">125</font><font style="font-size: 9pt;">,</font><font style="font-size: 9pt;">529</font></font></p>
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<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; color: #000000;">Average share price (R$/share)</font></p>
</td>
<td style="background-color: #ffffff; padding: 0px; vertical-align: bottom; height: 10px; margin: 0px 0px 0px 0.1px; text-indent: 0px; border-bottom: 1pt solid #000000 !important; border-left: 1.5pt solid #000000 !important; border-right: 1.5pt solid #000000 !important;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; color: #000000;">15.48</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; border-bottom: 1pt solid #000000 !important;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; color: #000000;">21.17</font></p>
</td>
<td style="vertical-align: bottom; height: 10px; padding: 0px; margin: 0px; text-indent: 0px; border-bottom: 1pt solid #000000 !important;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; color: #000000;">18.60</font></p>
</td>
<td style="vertical-align: top; height: 10px; padding: 0px; margin: 0px; text-indent: 0px; border-bottom: 1pt solid #000000 !important;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; color: #000000;">17.04</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; border-bottom: 1pt solid #000000 !important; border-right-width: 1pt !important; border-right-style: solid !important; border-right-color: #000000 !important;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; color: #000000;">23.79</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="/* background-color: #f2f2f2; */padding: 0px 0px 0px 10px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; border-bottom: 1pt solid #000000 !important; border-left: 1pt solid #000000 !important;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold; color: #000000;">NYSE</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px 0px 0px 0.1px; text-indent: 0px; border-bottom: 1pt solid #000000 !important; border-left: 1.5pt solid #000000 !important; border-right: 1.5pt solid #000000 !important;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="/* background-color: #f2f2f2; */padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; border-bottom: 1pt solid #000000 !important;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="/* background-color: #f2f2f2; */vertical-align: bottom; height: 10px; padding: 0px; margin: 0px; text-indent: 0px; border-bottom: 1pt solid #000000 !important;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="/* background-color: #f2f2f2; */vertical-align: top; height: 10px; padding: 0px; margin: 0px; text-indent: 0px; border-bottom: 1pt solid #000000 !important;"><br></td>
<td style="/* background-color: #f2f2f2; */padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; border-bottom: 1pt solid #000000 !important; border-right-width: 1pt !important; border-right-style: solid !important; border-right-color: #000000 !important;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; color: #000000;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="background-color: #ffffff; padding: 0px 0px 0px 10px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; border-bottom: 1pt solid #000000 !important; border-left: 1pt solid #000000 !important;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; color: #000000;"><font style="font-size: 9pt;">Quantity </font><font style="font-size: 9pt;">of </font><font style="font-size: 9pt;">ADRs&#178; (</font><font style="font-size: 9pt;">000</font><font style="font-size: 9pt;"> ADRs)</font></font></p>
</td>
<td style="background-color: #ffffff; padding: 0px; vertical-align: bottom; height: 10px; margin: 0px 0px 0px 0.1px; text-indent: 0px; border-bottom: 1pt solid #000000 !important; border-left: 1.5pt solid #000000 !important; border-right: 1.5pt solid #000000 !important;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; color: #000000;"><font style="font-size: 9pt;">47</font><font style="font-size: 9pt;">,</font><font style="font-size: 9pt;">480</font></font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; border-bottom: 1pt solid #000000 !important;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; color: #000000;"><font style="font-size: 9pt;">46</font><font style="font-size: 9pt;">,</font><font style="font-size: 9pt;">518</font></font></p>
</td>
<td style="vertical-align: bottom; height: 10px; padding: 0px; margin: 0px; text-indent: 0px; border-bottom: 1pt solid #000000 !important;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; color: #000000;"><font style="font-size: 9pt;">47</font><font style="font-size: 9pt;">,</font><font style="font-size: 9pt;">480</font></font></p>
</td>
<td style="vertical-align: top; height: 10px; padding: 0px; margin: 0px; text-indent: 0px; border-bottom: 1pt solid #000000 !important;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; color: #000000;"><font style="font-size: 9pt;">47</font><font style="font-size: 9pt;">,</font><font style="font-size: 9pt;">480</font></font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; border-bottom: 1pt solid #000000 !important; border-right-width: 1pt !important; border-right-style: solid !important; border-right-color: #000000 !important;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; color: #000000;"><font style="font-size: 9pt;">46</font><font style="font-size: 9pt;">,</font><font style="font-size: 9pt;">518</font></font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="background-color: #ffffff; padding: 0px 0px 0px 10px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; border-bottom: 1pt solid #000000 !important; border-left: 1pt solid #000000 !important;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; color: #000000;"><font style="font-size: 9pt;">A<font style="color: #000000;">verage daily </font></font><font style="font-size: 9pt;">trad</font><font style="font-size: 9pt;">ing</font><font style="font-size: 9pt;"> </font><font style="font-size: 9pt;">volume</font><font style="font-size: 9pt;"> (ADRs)</font></font></p>
</td>
<td style="background-color: #ffffff; padding: 0px; vertical-align: bottom; height: 10px; margin: 0px 0px 0px 0.1px; text-indent: 0px; border-bottom: 1pt solid #000000 !important; border-left: 1.5pt solid #000000 !important; border-right: 1.5pt solid #000000 !important;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; color: #000000;"><font style="font-size: 9pt;">1</font><font style="font-size: 9pt;">,</font><font style="font-size: 9pt;">494</font><font style="font-size: 9pt;">,</font><font style="font-size: 9pt;">156</font></font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; border-bottom: 1pt solid #000000 !important;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; color: #000000;"><font style="font-size: 9pt;">1</font><font style="font-size: 9pt;">,</font><font style="font-size: 9pt;">031</font><font style="font-size: 9pt;">,</font><font style="font-size: 9pt;">820</font></font></p>
</td>
<td style="vertical-align: bottom; height: 10px; padding: 0px; margin: 0px; text-indent: 0px; border-bottom: 1pt solid #000000 !important;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; color: #000000;"><font style="font-size: 9pt;">1</font><font style="font-size: 9pt;">,</font><font style="font-size: 9pt;">934</font><font style="font-size: 9pt;">,</font><font style="font-size: 9pt;">532</font></font></p>
</td>
<td style="vertical-align: top; height: 10px; padding: 0px; margin: 0px; text-indent: 0px; border-bottom: 1pt solid #000000 !important;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; color: #000000;"><font style="font-size: 9pt;">1</font><font style="font-size: 9pt;">,</font><font style="font-size: 9pt;">687</font><font style="font-size: 9pt;">,</font><font style="font-size: 9pt;">522</font></font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; border-bottom: 1pt solid #000000 !important; border-right-width: 1pt !important; border-right-style: solid !important; border-right-color: #000000 !important;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; color: #000000;"><font style="font-size: 9pt;">1</font><font style="font-size: 9pt;">,</font><font style="font-size: 9pt;">330</font><font style="font-size: 9pt;">,</font><font style="font-size: 9pt;">850</font></font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="background-color: #ffffff; padding: 0px 0px 0px 10px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; border-bottom: 1pt solid #000000 !important; border-left: 1pt solid #000000 !important;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; color: #000000;"><font style="font-size: 9pt;">Average daily </font><font style="font-size: 9pt;">trad</font><font style="font-size: 9pt;">ing</font><font style="font-size: 9pt;"> </font><font style="font-size: 9pt;">volume</font><font style="font-size: 9pt;"> (US$ </font><font style="font-size: 9pt;">000</font><font style="font-size: 9pt;">)</font></font></p>
</td>
<td style="background-color: #ffffff; padding: 0px; vertical-align: bottom; height: 10px; margin: 0px 0px 0px 0.1px; text-indent: 0px; border-bottom: 1pt solid #000000 !important; border-left: 1.5pt solid #000000 !important; border-right: 1.5pt solid #000000 !important;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; color: #000000;"><font style="font-size: 9pt;">4</font><font style="font-size: 9pt;">,</font><font style="font-size: 9pt;">341</font></font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; border-bottom: 1pt solid #000000 !important;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; color: #000000;"><font style="font-size: 9pt;">5</font><font style="font-size: 9pt;">,</font><font style="font-size: 9pt;">637</font></font></p>
</td>
<td style="vertical-align: bottom; height: 10px; padding: 0px; margin: 0px; text-indent: 0px; border-bottom: 1pt solid #000000 !important;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; color: #000000;"><font style="font-size: 9pt;">9</font><font style="font-size: 9pt;">,</font><font style="font-size: 9pt;">031</font></font></p>
</td>
<td style="vertical-align: top; height: 10px; padding: 0px; margin: 0px; text-indent: 0px; border-bottom: 1pt solid #000000 !important;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; color: #000000;"><font style="font-size: 9pt;">6</font><font style="font-size: 9pt;">,</font><font style="font-size: 9pt;">544</font></font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; border-bottom: 1pt solid #000000 !important; border-right-width: 1pt !important; border-right-style: solid !important; border-right-color: #000000 !important;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; color: #000000;"><font style="font-size: 9pt;">8</font><font style="font-size: 9pt;">,</font><font style="font-size: 9pt;">524</font></font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="background-color: #ffffff; padding: 0px 0px 0px 10px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; border-bottom: 1pt solid #000000 !important; border-left: 1pt solid #000000 !important;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; color: #000000;"><font style="font-size: 9pt;">Average share price</font><font style="font-size: 9pt;"> (US$/ADRs)</font></font></p>
</td>
<td style="background-color: #ffffff; padding: 0px; vertical-align: bottom; height: 10px; margin: 0px 0px 0px 0.1px; text-indent: 0px; border-bottom: 1pt solid #000000 !important; border-left: 1.5pt solid #000000 !important; border-right: 1.5pt solid #000000 !important;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; color: #000000;"><font style="font-size: 9pt;">2</font><font style="font-size: 9pt;">.</font><font style="font-size: 9pt;">91</font></font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; border-bottom: 1pt solid #000000 !important;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; color: #000000;"><font style="font-size: 9pt;">5</font><font style="font-size: 9pt;">.</font><font style="font-size: 9pt;">46</font></font></p>
</td>
<td style="vertical-align: bottom; height: 10px; padding: 0px; margin: 0px; text-indent: 0px; border-bottom: 1pt solid #000000 !important;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; color: #000000;"><font style="font-size: 9pt;">4</font><font style="font-size: 9pt;">.</font><font style="font-size: 9pt;">67</font></font></p>
</td>
<td style="vertical-align: top; height: 10px; padding: 0px; margin: 0px; text-indent: 0px; border-bottom: 1pt solid #000000 !important;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; color: #000000;"><font style="font-size: 9pt;">3</font><font style="font-size: 9pt;">.</font><font style="font-size: 9pt;">88</font></font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; border-bottom: 1pt solid #000000 !important; border-right-width: 1pt !important; border-right-style: solid !important; border-right-color: #000000 !important;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; color: #000000;"><font style="font-size: 9pt;">6</font><font style="font-size: 9pt;">.</font><font style="font-size: 9pt;">41</font></font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="/* background-color: #f2f2f2; */padding: 0px 0px 0px 10px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; border-bottom: 1pt solid #000000 !important; border-left: 1pt solid #000000 !important;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold; color: #000000;">Total</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px 0px 0px 0.1px; text-indent: 0px; border-bottom: 1pt solid #000000 !important; border-left: 1.5pt solid #000000 !important; border-right: 1.5pt solid #000000 !important;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="/* background-color: #f2f2f2; */padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; border-bottom: 1pt solid #000000 !important;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="/* background-color: #f2f2f2; */vertical-align: bottom; height: 10px; padding: 0px; margin: 0px; text-indent: 0px; border-bottom: 1pt solid #000000 !important;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="/* background-color: #f2f2f2; */vertical-align: top; height: 10px; padding: 0px; margin: 0px; text-indent: 0px; border-bottom: 1pt solid #000000 !important;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; color: #000000;">&nbsp;</font></p>
</td>
<td style="/* background-color: #f2f2f2; */padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; border-bottom: 1pt solid #000000 !important; border-right-width: 1pt !important; border-right-style: solid !important; border-right-color: #000000 !important;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; color: #000000;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="background-color: #ffffff; padding: 0px 0px 0px 10px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; border-bottom: 1pt solid #000000 !important; border-left: 1pt solid #000000 !important;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; color: #000000;"><font style="font-size: 9pt;">Average daily </font><font style="font-size: 9pt;">trad</font><font style="font-size: 9pt;">ing</font><font style="font-size: 9pt;"> </font><font style="font-size: 9pt;">volume (shares)</font></font></p>
</td>
<td style="background-color: #ffffff; padding: 0px; vertical-align: bottom; height: 10px; margin: 0px 0px 0px 0.1px; text-indent: 0px; border-bottom: 1pt solid #000000 !important; border-left: 1.5pt solid #000000 !important; border-right: 1.5pt solid #000000 !important;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; color: #000000;"><font style="font-size: 9pt;">10</font><font style="font-size: 9pt;">,</font><font style="font-size: 9pt;">630</font><font style="font-size: 9pt;">,</font><font style="font-size: 9pt;">068</font></font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; border-bottom: 1pt solid #000000 !important;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; color: #000000;"><font style="font-size: 9pt;">6</font><font style="font-size: 9pt;">,</font><font style="font-size: 9pt;">124</font><font style="font-size: 9pt;">,</font><font style="font-size: 9pt;">712</font></font></p>
</td>
<td style="vertical-align: bottom; height: 10px; padding: 0px; margin: 0px; text-indent: 0px; border-bottom: 1pt solid #000000 !important;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; color: #000000;"><font style="font-size: 9pt;">11</font><font style="font-size: 9pt;">,</font><font style="font-size: 9pt;">836</font><font style="font-size: 9pt;">,</font><font style="font-size: 9pt;">366</font></font></p>
</td>
<td style="vertical-align: top; height: 10px; padding: 0px; margin: 0px; text-indent: 0px; border-bottom: 1pt solid #000000 !important;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; color: #000000;"><font style="font-size: 9pt;">11</font><font style="font-size: 9pt;">,</font><font style="font-size: 9pt;">125</font><font style="font-size: 9pt;">,</font><font style="font-size: 9pt;">162</font></font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; border-bottom: 1pt solid #000000 !important; border-right-width: 1pt !important; border-right-style: solid !important; border-right-color: #000000 !important;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; color: #000000;"><font style="font-size: 9pt;">6</font><font style="font-size: 9pt;">,</font><font style="font-size: 9pt;">606</font><font style="font-size: 9pt;">,</font><font style="font-size: 9pt;">672</font></font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="background-color: #ffffff; padding: 0px 0px 0px 10px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; border-bottom: 1pt solid #000000 !important; border-left: 1pt solid #000000 !important;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; color: #000000;"><font style="font-size: 9pt;">Average daily </font><font style="font-size: 9pt;">trad</font><font style="font-size: 9pt;">ing</font><font style="font-size: 9pt;"> </font><font style="font-size: 9pt;">volume (R$ 000)&nbsp;&nbsp;</font></font></p>
</td>
<td style="background-color: #ffffff; padding: 0px; vertical-align: bottom; height: 10px; margin: 0px 0px 0px 0.1px; text-indent: 0px; border-bottom: 1.5pt solid #000000 !important; border-left: 1.5pt solid #000000 !important; border-right: 1.5pt solid #000000 !important;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; color: #000000;">164,769</font></p>
</td>
<td style="background-color: #ffffff; padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; border-bottom: 1pt solid #000000 !important;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; color: #000000;">129,913</font></p>
</td>
<td style="background-color: #ffffff; vertical-align: bottom; height: 10px; padding: 0px; margin: 0px; text-indent: 0px; border-bottom: 1pt solid #000000 !important;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; color: #000000;">223,771</font></p>
</td>
<td style="background-color: #ffffff; vertical-align: top; height: 10px; padding: 0px; margin: 0px; text-indent: 0px; border-bottom: 1pt solid #000000 !important;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; color: #000000;">191,685</font></p>
</td>
<td style="background-color: #ffffff; padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; border-bottom: 1pt solid #000000 !important; border-right-width: 1pt !important; border-right-style: solid !important; border-right-color: #000000 !important;">
<p style="margin: 0px; text-align: center; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><font style="font-family: 'times new roman', times; font-size: 9pt; color: #000000;">158,107</font></p>
</td>
</tr>

</table>
<p style="margin: 0pt; text-align: justify; text-indent: 15pt;"><font style="font-family: 'Century Gothic'; font-size: 7pt;">&#185;</font><font style="font-family: 'Century Gothic'; font-size: 10pt;"> </font><font style="font-family: 'Century Gothic'; font-size: 7pt;">Calculated based on the closing share price for the period</font></p>
<p style="margin: 0pt; text-align: justify; text-indent: 15pt;"><font style="font-family: 'Century Gothic'; font-size: 7pt;">&#178;</font><font style="font-family: 'Century Gothic'; font-size: 7pt;"> 1 ADR = 1 common share</font></p>
<p style="margin: 0pt; text-align: justify; text-indent: 21.25pt;"><font style="font-family: 'Century Gothic'; font-size: 7pt; font-style: italic;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: center;"><font style="color: #404040; font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">Performance </font><font style="color: #404040; font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">UGPA3 x Ibovespa &#8211; </font><font style="color: #404040; font-family: 'Century Gothic'; font-size: 9pt; font-weight: bold;">2Q20</font></p>
<p style="margin: 0pt 0pt 10pt; text-align: center;"><font style="color: #404040; font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold;">(</font><font style="font-family: 'Century Gothic'; font-size: 8pt; font-weight: bold;">Mar 31, 2020 = 100)</font></p>
<p style="margin: 0pt 0pt 10pt; text-align: center;"><img src="imgjq1mjgtswdx05523316.jpg" alt="Image4"></p>
<p style="margin: 0pt 0pt 10pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 7pt;">&nbsp;</font></p>
<p style="margin: 0pt 0pt 10pt; text-align: left;"><font style="font-family: 'Century Gothic'; font-size: 7pt;">&nbsp;</font></p>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

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<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>137</font></font></td>
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<hr style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
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<p style="margin: 0in 0in 0.0001pt; font-size: 10pt; font-family: 'Century Gothic', sans-serif; color: #000000;"><font style="font-size: 14.0pt; mso-bidi-font-size: 9.5pt; font-family: 'Open Sans','sans-serif'; color: #051272; mso-themecolor: accent1;"><font style="mso-spacerun: yes;">&nbsp;</font></font><font style="font-size: 14.0pt; mso-bidi-font-size: 9.5pt; font-family: 'Open Sans','sans-serif'; color: #051272; mso-themecolor: accent1; mso-ansi-language: EN-US;">2<sup>nd</sup> QUARTER 2020</font><font style="mso-ansi-language: EN-US;"></font></p>
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<td style="width: 50%; text-align: right;"><img src="img3waigmqm3b005523316.jpg" alt="Graphics"></td>
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</table>
<p style="margin: 0pt 0pt 10pt;"><br></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt;" width="100%">

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<p style="line-height: 14pt; margin: 0pt 0pt 6pt;"><font style="font-family: 'times new roman', times;"><font style="color: #051272; font-size: 12pt; font-weight: bold;">Debt</font><font style="color: #051272; font-size: 12pt; font-weight: bold;"> </font><font style="color: #051272; font-size: 10pt; font-weight: bold;">(R$ </font><font style="color: #051272; font-size: 10pt; font-weight: bold;">million</font><font style="color: #051272; font-size: 10pt; font-weight: bold;">)</font></font><font style="color: #051272; font-family: 'Century Gothic'; font-size: 10pt; font-weight: bold;"> </font></p>
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</table>
<p style="margin: 0pt;"><br></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 142px; width: 100%;" width="100%">

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<td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; border-bottom: 1pt solid #000000 !important; border-top: 1pt solid #000000 !important; height: 10px; width: 70%; border-left: 1pt solid #000000 !important; vertical-align: middle;" valign="middle">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; color: #000000;"><font style="font-size: 9.5pt; font-weight: bold;">Ultrapar consolida</font><font style="font-size: 9.5pt; font-weight: bold;">ted</font><font style="font-size: 9.5pt; font-weight: bold;"> </font></font></p>
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<td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; border-width: 1.5pt 1.5pt 1pt !important; border-style: solid !important; border-color: #000000 !important; height: 10px; width: 10%; vertical-align: middle;" valign="middle">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold; color: #000000;">2Q20</font></p>
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<td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; border-bottom: 1pt solid #000000 !important; border-top: 1pt solid #000000 !important; height: 10px; width: 10%; vertical-align: middle;" valign="middle">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold; color: #000000;">1Q20</font></p>
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<td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; border-bottom: 1pt solid #000000 !important; border-top: 1pt solid #000000 !important; height: 10px; width: 10%; border-right: 1pt solid #000000 !important; vertical-align: middle;" valign="middle">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold; color: #000000;">2Q19</font></p>
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<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 9pt; color: #000000;">Gross debt</font></p>
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<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; color: #000000;"><font style="font-size: 9pt;">(17</font><font style="font-size: 9pt;">,</font><font style="font-size: 9pt;">764</font><font style="font-size: 9pt;">.</font><font style="font-size: 9pt;">2)</font></font></p>
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<td style="padding-left: 5.4pt; padding-right: 5.4pt; border-bottom: 1pt solid #000000 !important; height: 10px; vertical-align: middle;" valign="middle">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; color: #000000;"><font style="font-size: 9pt;">(16</font><font style="font-size: 9pt;">,</font><font style="font-size: 9pt;">962</font><font style="font-size: 9pt;">.</font><font style="font-size: 9pt;">0)</font></font></p>
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<td style="padding-left: 5.4pt; padding-right: 5.4pt; border-bottom: 1pt solid #000000 !important; height: 10px; border-right: 1pt solid #000000 !important; vertical-align: middle;" valign="middle">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; color: #000000;"><font style="font-size: 9pt;">(14</font><font style="font-size: 9pt;">,</font><font style="font-size: 9pt;">570</font><font style="font-size: 9pt;">.</font><font style="font-size: 9pt;">6)</font></font></p>
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<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 9pt; color: #000000;">Cash and cash equivalents</font></p>
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<td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; border-bottom: 1pt solid #000000 !important; height: 22px; border-left: 1.5pt solid #000000 !important; border-right: 1.5pt solid #000000 !important; vertical-align: middle;" valign="middle">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; color: #000000;"><font style="font-size: 9pt;">8</font><font style="font-size: 9pt;">,</font><font style="font-size: 9pt;">447</font><font style="font-size: 9pt;">.</font><font style="font-size: 9pt;">5</font></font></p>
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<td style="padding-left: 5.4pt; padding-right: 5.4pt; border-bottom: 1pt solid #000000 !important; height: 22px; vertical-align: middle;" valign="middle">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; color: #000000;"><font style="font-size: 9pt;">7</font><font style="font-size: 9pt;">,</font><font style="font-size: 9pt;">248</font><font style="font-size: 9pt;">.</font><font style="font-size: 9pt;">7</font></font></p>
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<td style="padding-left: 5.4pt; padding-right: 5.4pt; border-bottom: 1pt solid #000000 !important; height: 22px; border-right: 1pt solid #000000 !important; vertical-align: middle;" valign="middle">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; color: #000000;"><font style="font-size: 9pt;">6</font><font style="font-size: 9pt;">,</font><font style="font-size: 9pt;">421</font><font style="font-size: 9pt;">.</font><font style="font-size: 9pt;">5</font></font></p>
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<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; color: #000000;"><font style="font-size: 9pt; font-weight: bold;">Net debt</font><font style="font-size: 9pt; font-weight: bold;"> </font><font style="font-size: 9pt; font-weight: bold;">(ex-IFRS 16)</font></font></p>
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<td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; border-bottom: 1pt solid #000000 !important; height: 10px; border-left: 1.5pt solid #000000 !important; border-right: 1.5pt solid #000000 !important; vertical-align: middle;" valign="middle">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; color: #000000;"><font style="font-size: 9pt; font-weight: bold;">(9</font><font style="font-size: 9pt; font-weight: bold;">,</font><font style="font-size: 9pt; font-weight: bold;">316</font><font style="font-size: 9pt; font-weight: bold;">.</font><font style="font-size: 9pt; font-weight: bold;">6)</font></font></p>
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<td style="padding-left: 5.4pt; padding-right: 5.4pt; border-bottom: 1pt solid #000000 !important; height: 10px; vertical-align: middle;" valign="middle">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; color: #000000;"><font style="font-size: 9pt; font-weight: bold;">(9</font><font style="font-size: 9pt; font-weight: bold;">,</font><font style="font-size: 9pt; font-weight: bold;">713</font><font style="font-size: 9pt; font-weight: bold;">.</font><font style="font-size: 9pt; font-weight: bold;">3)</font></font></p>
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<td style="padding-left: 5.4pt; padding-right: 5.4pt; border-bottom: 1pt solid #000000 !important; height: 10px; border-right: 1pt solid #000000 !important; vertical-align: middle;" valign="middle">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; color: #000000;"><font style="font-size: 9pt; font-weight: bold;">(8</font><font style="font-size: 9pt; font-weight: bold;">,</font><font style="font-size: 9pt; font-weight: bold;">149</font><font style="font-size: 9pt; font-weight: bold;">.</font><font style="font-size: 9pt; font-weight: bold;">1</font><font style="font-size: 9pt; font-weight: bold;">)</font></font></p>
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<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 9pt; color: #000000;">Leases payable</font></p>
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<td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; border-bottom: 1pt solid #000000 !important; height: 10px; border-left: 1.5pt solid #000000 !important; border-right: 1.5pt solid #000000 !important; vertical-align: middle;" valign="middle">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; color: #000000;"><font style="font-size: 9pt;">(1</font><font style="font-size: 9pt;">,</font><font style="font-size: 9pt;">775</font><font style="font-size: 9pt;">.</font><font style="font-size: 9pt;">3)</font></font></p>
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<td style="padding-left: 5.4pt; padding-right: 5.4pt; border-bottom: 1pt solid #000000 !important; height: 10px; vertical-align: middle;" valign="middle">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; color: #000000;"><font style="font-size: 9pt;">(1</font><font style="font-size: 9pt;">,</font><font style="font-size: 9pt;">704</font><font style="font-size: 9pt;">.</font><font style="font-size: 9pt;">2)</font></font></p>
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<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; color: #000000;"><font style="font-size: 9pt;">(1</font><font style="font-size: 9pt;">,</font><font style="font-size: 9pt;">56</font><font style="font-size: 9pt;">4</font><font style="font-size: 9pt;">.</font><font style="font-size: 9pt;">7</font><font style="font-size: 9pt;">)</font></font></p>
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<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; color: #000000;"><font style="font-size: 9pt; font-weight: bold;">Net </font><font style="font-size: 9pt; font-weight: bold;">debt</font></font></p>
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<td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; border-bottom: 1pt solid #000000 !important; height: 15px; border-left: 1.5pt solid #000000 !important; border-right: 1.5pt solid #000000 !important; vertical-align: middle;" valign="middle">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; color: #000000;"><font style="font-size: 9pt; font-weight: bold;">(11</font><font style="font-size: 9pt; font-weight: bold;">,</font><font style="font-size: 9pt; font-weight: bold;">091</font><font style="font-size: 9pt; font-weight: bold;">.</font><font style="font-size: 9pt; font-weight: bold;">9)</font></font></p>
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<td style="padding-left: 5.4pt; padding-right: 5.4pt; border-bottom: 1pt solid #000000 !important; height: 15px; vertical-align: middle;" valign="middle">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; color: #000000;"><font style="font-size: 9pt; font-weight: bold;">(11</font><font style="font-size: 9pt; font-weight: bold;">,</font><font style="font-size: 9pt; font-weight: bold;">417</font><font style="font-size: 9pt; font-weight: bold;">.</font><font style="font-size: 9pt; font-weight: bold;">6)</font></font></p>
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<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; color: #000000;"><font style="font-size: 9pt; font-weight: bold;">(</font><font style="font-size: 9pt; font-weight: bold;">9</font><font style="font-size: 9pt; font-weight: bold;">,</font><font style="font-size: 9pt; font-weight: bold;">713</font><font style="font-size: 9pt; font-weight: bold;">.</font><font style="font-size: 9pt; font-weight: bold;">8</font><font style="font-size: 9pt; font-weight: bold;">)</font></font></p>
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<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; color: #000000;"><font style="font-size: 9pt;">Net debt</font><font style="font-size: 9pt;">/LTM</font><font style="font-size: 9pt;"> Adjusted EBITDA</font><font style="font-size: 9pt;">&#185; (ex-IFRS 16)</font></font></p>
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<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; color: #000000;"><font style="font-size: 9pt;">3</font><font style="font-size: 9pt;">.</font><font style="font-size: 9pt;">1x</font></font></p>
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<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; color: #000000;"><font style="font-size: 9pt;">3</font><font style="font-size: 9pt;">.</font><font style="font-size: 9pt;">1x</font></font></p>
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<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; color: #000000;"><font style="font-size: 9pt;">2</font><font style="font-size: 9pt;">.</font><font style="font-size: 9pt;">6x</font></font></p>
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<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; color: #000000;"><font style="font-size: 9pt;">Net debt</font><font style="font-size: 9pt;">/LTM</font><font style="font-size: 9pt;"> Adjusted <font style="color: #000000;">EBITDA</font>&#185;&nbsp;</font></font></p>
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<td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; border-bottom: 1pt solid #000000 !important; height: 10px; border-left: 1.5pt solid #000000 !important; border-right: 1.5pt solid #000000 !important; vertical-align: middle;" valign="middle">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; color: #000000;"><font style="font-size: 9pt;">3</font><font style="font-size: 9pt;">.</font><font style="font-size: 9pt;">2x</font></font></p>
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<td style="padding-left: 5.4pt; padding-right: 5.4pt; border-bottom: 1pt solid #000000 !important; height: 10px; vertical-align: middle;" valign="middle">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; color: #000000;"><font style="font-size: 9pt;">3</font><font style="font-size: 9pt;">.</font><font style="font-size: 9pt;">3x</font></font></p>
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<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 9pt; color: #000000;">n/a</font></p>
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<td rowspan="2" style="padding-left: 5.4pt; padding-right: 5.4pt; border-bottom: 1pt solid #000000 !important; height: 20px; border-left: 1pt solid #000000 !important; vertical-align: middle;" valign="middle">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 9pt; color: #000000;">Average cost of debt</font></p>
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<td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; border-bottom: 1pt solid #000000 !important; height: 10px; border-left: 1.5pt solid #000000 !important; border-right: 1.5pt solid #000000 !important; vertical-align: middle;" valign="middle">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 9pt; color: #000000;">140.9% DI</font></p>
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<td style="padding-left: 5.4pt; padding-right: 5.4pt; border-bottom: 1pt solid #000000 !important; height: 10px; vertical-align: middle;" valign="middle">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 9pt; color: #000000;">121.4% DI</font></p>
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<td style="padding-left: 5.4pt; padding-right: 5.4pt; border-bottom: 1pt solid #000000 !important; height: 10px; border-right: 1pt solid #000000 !important; vertical-align: middle;" valign="middle">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 9pt; color: #000000;">97.6% DI</font></p>
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<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 9pt; color: #000000;">DI + 1.2%</font></p>
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<td style="padding-left: 5.4pt; padding-right: 5.4pt; border-bottom: 1pt solid #000000 !important; height: 10px; vertical-align: middle;" valign="middle">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 9pt; color: #000000;">DI + 0.9%</font></p>
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<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 9pt; color: #000000;">DI - 0.1%</font></p>
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<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; color: #000000;"><font style="font-size: 9pt;">Average cash yield</font><font style="font-size: 9pt;"> (% DI)</font></font></p>
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<td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; border-bottom: 1pt solid #000000 !important; height: 10px; border-left: 1.5pt solid #000000 !important; border-right: 1.5pt solid #000000 !important; vertical-align: middle;" valign="middle">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; color: #000000;"><font style="font-size: 9pt;">87</font><font style="font-size: 9pt;">.</font><font style="font-size: 9pt;">4%</font></font></p>
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<td style="padding-left: 5.4pt; padding-right: 5.4pt; border-bottom: 1pt solid #000000 !important; height: 10px; vertical-align: middle;" valign="middle">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; color: #000000;"><font style="font-size: 9pt;">90</font><font style="font-size: 9pt;">.</font><font style="font-size: 9pt;">3%</font></font></p>
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<td style="padding-left: 5.4pt; padding-right: 5.4pt; border-bottom: 1pt solid #000000 !important; height: 10px; border-right: 1pt solid #000000 !important; vertical-align: middle;" valign="middle">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; color: #000000;"><font style="font-size: 9pt;">9</font><font style="font-size: 9pt;">1</font><font style="font-size: 9pt;">.</font><font style="font-size: 9pt;">3</font><font style="font-size: 9pt;">%</font></font></p>
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<td style="padding-left: 5.4pt; padding-right: 5.4pt; border-bottom: 1pt solid #000000 !important; height: 10px; border-left: 1pt solid #000000 !important; vertical-align: middle;" valign="middle">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; color: #000000;"><font style="font-size: 9pt;">Duration </font><font style="font-size: 9pt;">(</font><font style="font-size: 9pt;">years</font><font style="font-size: 9pt;">)</font></font></p>
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<td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; border-bottom: 1.5pt solid #000000 !important; height: 10px; border-left: 1.5pt solid #000000 !important; border-right: 1.5pt solid #000000 !important; vertical-align: middle;" valign="middle">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; color: #000000;"><font style="font-size: 9pt;">4</font><font style="font-size: 9pt;">.</font><font style="font-size: 9pt;">4</font></font></p>
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<td style="padding-left: 5.4pt; padding-right: 5.4pt; border-bottom: 1pt solid #000000 !important; height: 10px; vertical-align: middle;" valign="middle">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; color: #000000;"><font style="font-size: 9pt;">4</font><font style="font-size: 9pt;">.</font><font style="font-size: 9pt;">7</font></font></p>
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<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; color: #000000;"><font style="font-size: 9pt;">5</font><font style="font-size: 9pt;">.</font><font style="font-size: 9pt;">0</font></font></p>
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<p style="margin: 0pt;"><font style="font-family: 'times new roman', times;"><font style="font-size: 7pt;">&#185;</font><font style="font-size: 7pt; vertical-align: baseline;"> </font><font style="font-size: 7pt;">LTM Adjusted </font><font style="font-size: 7pt; font-style: italic;">EBITDA excludes the impairment of Extrafarma of R$ 593 million </font><font style="font-size: 7pt; font-style: italic;">in</font><font style="font-size: 7pt; font-style: italic;"> 1Q20 </font><font style="font-size: 7pt; font-style: italic;">and in 2Q20</font></font></p>
<p style="margin: 0pt;"><font style="color: #051272; font-family: 'Century Gothic'; font-size: 11pt; font-weight: bold;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Ultrapar ended 2Q20 with net financial debt of R$ 9.3 billion, comprised of a gross debt of R$ 17.8 billion and a cash position of R$ 8.4 billion. The effect of exchange rate variation on the net debt for the portion of the notes designated for hedge accounting was R$ 171 million in 2Q20. At the beginning of the quarter, the Company strengthened its cash position with new funding to enable its businesses to navigate the pandemic. Considering leases payable (IFRS 16) of R$ 1.8 billion, the Company&#8217;s total net debt was R$ 11.1 billion (3.2x LTM Adjusted EBITDA) compared to R$ 11.4 billion in March 31, 2020 (3.3x LTM Adjusted EBITDA). Despite the reduction in EBITDA, impacted by the ongoing pandemic, the strong cash generation in the quarter permitted the reduction in the financial leverage.</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt;"><font style="color: #051272; font-family: 'Century Gothic'; font-size: 11pt; font-weight: bold;">&nbsp;</font></p>
<p style="margin: 0pt;"><font style="color: #000000;"><font style="font-family: 'Century Gothic'; font-size: 11pt; font-weight: bold;">Maturity profile</font><font style="font-family: 'Century Gothic'; font-size: 11pt; font-weight: bold;">:</font></font><font style="font-family: 'Century Gothic'; font-size: 11pt;"> </font></p>
<p style="margin: 0pt;"><font style="color: #000000;"><font style="font-family: 'Century Gothic'; font-size: 11pt; font-weight: bold;"><br></font></font></p>
<p style="margin: 0pt;"><font style="color: #000000;"><font style="font-family: 'Century Gothic'; font-size: 11pt; font-weight: bold;"><img src="img3ll3a2j4m1q05523318.jpg" style="display: block; margin-left: auto; margin-right: auto;" alt="Graphics"><br></font></font></p>
<p style="margin: 0pt;"><font style="color: #051272; font-family: 'Century Gothic'; font-size: 11pt; font-weight: bold;">&nbsp;</font></p>
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<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>138</font></font></td>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
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<p style="margin: 0in 0in 0.0001pt; font-size: 10pt; font-family: 'Century Gothic', sans-serif; color: #000000;"><font style="font-size: 14.0pt; mso-bidi-font-size: 9.5pt; font-family: 'Open Sans','sans-serif'; color: #051272; mso-themecolor: accent1;"><font style="mso-spacerun: yes;">&nbsp;</font></font><font style="font-size: 14.0pt; mso-bidi-font-size: 9.5pt; font-family: 'Open Sans','sans-serif'; color: #051272; mso-themecolor: accent1; mso-ansi-language: EN-US;">2<sup>nd</sup> QUARTER 2020</font><font style="mso-ansi-language: EN-US;"></font></p>
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<p style="margin: 0pt;"><br></p>
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; color: #000000;"><font style="font-size: 11pt; font-weight: bold;">D</font><font style="font-size: 11pt; font-weight: bold;">ebt</font><font style="font-size: 11pt; font-weight: bold;"> breakdown</font><font style="font-size: 11pt; font-weight: bold;">:</font></font><font style="font-family: 'Century Gothic'; font-size: 11pt;"> </font></p>
<p style="margin: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 7pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt;" width="100%">

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<p style="margin: 0pt;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;">Local currency</font></p>
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<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 205.5pt; background-color: #cceeff; border: 0.25pt solid #1f497d !important; text-align: right;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times;"><font style="font-size: 9pt; font-weight: bold;">8</font><font style="font-size: 9pt; font-weight: bold;">,</font><font style="font-size: 9pt; font-weight: bold;">604</font><font style="font-size: 9pt; font-weight: bold;">.</font><font style="font-size: 9pt; font-weight: bold;">8</font></font></p>
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<p style="margin: 0pt;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;">Foreign currency</font></p>
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<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 205.5pt; border: 0.25pt solid #1f497d !important; text-align: right;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times;"><font style="font-size: 9pt; font-weight: bold;">8</font><font style="font-size: 9pt; font-weight: bold;">,</font><font style="font-size: 9pt; font-weight: bold;">9</font><font style="font-size: 9pt; font-weight: bold;">31</font><font style="font-size: 9pt; font-weight: bold;">.</font><font style="font-size: 9pt; font-weight: bold;">2</font></font></p>
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<p style="margin: 0pt;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt;">Result from currency and interest hedging instruments</font></p>
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<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 205.5pt; background-color: #cceeff; border: 0.25pt solid #1f497d !important; text-align: right;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times;"><font style="font-size: 9pt; font-weight: bold;">2</font><font style="font-size: 9pt; font-weight: bold;">28</font><font style="font-size: 9pt; font-weight: bold;">.</font><font style="font-size: 9pt; font-weight: bold;">2</font></font></p>
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<p style="margin: 0pt;"><font style="color: #262626; font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;">Total</font></p>
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<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times;"><font style="font-size: 9pt; font-weight: bold;">17</font><font style="font-size: 9pt; font-weight: bold;">,</font><font style="font-size: 9pt; font-weight: bold;">764</font><font style="font-size: 9pt; font-weight: bold;">.</font><font style="font-size: 9pt; font-weight: bold;">2</font></font></p>
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<p style="margin: 0pt;"><br></p>
<p style="margin: 0pt;"><img src="img0ibi2jg13wi05523320.jpg" style="display: block; margin-left: auto; margin-right: auto;" alt="Graphics"></p>
<p style="margin: 0pt;"><br></p>
<p style="margin: 0pt;"><br></p>
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<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>139</font></font></td>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
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<p style="margin: 0in 0in 0.0001pt; font-size: 10pt; font-family: 'Century Gothic', sans-serif; color: #000000;"><font style="font-size: 14.0pt; mso-bidi-font-size: 9.5pt; font-family: 'Open Sans','sans-serif'; color: #051272; mso-themecolor: accent1;"><font style="mso-spacerun: yes;">&nbsp;</font></font><font style="font-size: 14.0pt; mso-bidi-font-size: 9.5pt; font-family: 'Open Sans','sans-serif'; color: #051272; mso-themecolor: accent1; mso-ansi-language: EN-US;">2<sup>nd</sup> QUARTER 2020</font><font style="mso-ansi-language: EN-US;"></font></p>
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<p style="line-height: 14pt; margin: 0pt 0pt 6pt; text-align: justify;"><font style="color: #051272; font-family: 'Century Gothic'; font-size: 12pt; font-weight: bold;">2Q20</font><font style="color: #051272; font-family: 'Century Gothic'; font-size: 12pt; font-weight: bold;"> Conference Call</font><font style="color: #051272; font-family: 'Century Gothic'; font-size: 12pt; font-weight: bold;"> </font></p>
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<p style="margin: 8pt 0pt 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">Ultrapar will </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">host</font><font style="font-family: 'Century Gothic'; font-size: 9pt;"> a conference call for analysts and investors on August 13, 2020 to comment on the Company&#8217;s performance in the second quarter of 2020 and outlook. The presentation will be available for download in the Company&#8217;s website 30 minutes prior to the conference call. </font></p>
<p style="margin: 8pt 0pt 0pt; text-align: justify;"><font style="font-family: 'Century Gothic'; font-size: 9pt;">The </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">WEBCAST </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">live </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">will be available via </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">the </font><font style="font-family: 'Century Gothic'; font-size: 9pt;">internet at ri.ultra.com.br. Please connect 15 minutes in advance.</font></p>
<p style="margin: 0pt;"><font style="color: #051272; font-family: 'Century Gothic'; font-size: 9.5pt; font-weight: bold;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="color: #051272; font-family: 'Century Gothic'; font-size: 9.5pt; font-weight: bold;">English</font><font style="color: #051272; font-family: 'Century Gothic'; font-size: 9.5pt; font-weight: bold;">: </font><font style="color: #051272; font-family: 'Century Gothic'; font-size: 9.5pt; font-weight: bold;">12</font><font style="color: #051272; font-family: 'Century Gothic'; font-size: 9.5pt; font-weight: bold;">:</font><font style="color: #051272; font-family: 'Century Gothic'; font-size: 9.5pt; font-weight: bold;">30</font><font style="color: #051272; font-family: 'Century Gothic'; font-size: 9.5pt; font-weight: bold;"> pm</font><font style="color: #051272; font-family: 'Century Gothic'; font-size: 9.5pt; font-weight: bold;"> (Bras&#237;lia</font><font style="color: #051272; font-family: 'Century Gothic'; font-size: 9.5pt; font-weight: bold;"> time</font><font style="color: #051272; font-family: 'Century Gothic'; font-size: 9.5pt; font-weight: bold;">) / 1</font><font style="color: #051272; font-family: 'Century Gothic'; font-size: 9.5pt; font-weight: bold;">1</font><font style="color: #051272; font-family: 'Century Gothic'; font-size: 9.5pt; font-weight: bold;">:3</font><font style="color: #051272; font-family: 'Century Gothic'; font-size: 9.5pt; font-weight: bold;">0</font><font style="color: #051272; font-family: 'Century Gothic'; font-size: 9.5pt; font-weight: bold;"> am</font><font style="color: #051272; font-family: 'Century Gothic'; font-size: 9.5pt; font-weight: bold;"> (U</font><font style="color: #051272; font-family: 'Century Gothic'; font-size: 9.5pt; font-weight: bold;">S</font><font style="color: #051272; font-family: 'Century Gothic'; font-size: 9.5pt; font-weight: bold;">A EST) </font></p>
<p style="margin: 0pt; text-align: justify;"><font style="color: #404040; font-family: 'Century Gothic'; font-size: 9.5pt; font-weight: bold;">International Participants</font><font style="color: #404040; font-family: 'Century Gothic'; font-size: 9.5pt; font-weight: bold;">:</font><font style="color: #404040; font-family: 'Century Gothic'; font-size: 9.5pt;"> </font><font style="font-family: 'Century Gothic'; font-size: 9.5pt;">+1 (844) 802-0962</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="color: #404040; font-family: 'Century Gothic'; font-size: 9.5pt; font-weight: bold;">C</font><font style="color: #404040; font-family: 'Century Gothic'; font-size: 9.5pt; font-weight: bold;">ode</font><font style="color: #404040; font-family: 'Century Gothic'; font-size: 9.5pt; font-weight: bold;">: </font><font style="font-family: 'Century Gothic'; font-size: 9.5pt;">Ultra</font></p>
<p style="margin: 0pt;"><font style="color: #404040; font-family: 'Century Gothic'; font-size: 9.5pt; font-weight: bold;">&nbsp;</font></p>
<p style="margin: 0pt;"><font style="color: #404040; font-family: 'Century Gothic'; font-size: 9.5pt; font-weight: bold;">Replay:</font><font style="color: #404040; font-family: 'Century Gothic'; font-size: 9.5pt;"> </font><font style="font-family: 'Century Gothic'; font-size: 9.5pt;">+1 (</font><font style="font-family: 'Century Gothic'; font-size: 9.5pt;">412</font><font style="font-family: 'Century Gothic'; font-size: 9.5pt;">) 3</font><font style="font-family: 'Century Gothic'; font-size: 9.5pt;">17</font><font style="font-family: 'Century Gothic'; font-size: 9.5pt;">-</font><font style="font-family: 'Century Gothic'; font-size: 9.5pt;">0088</font><font style="font-family: 'Century Gothic'; font-size: 9.5pt;"> (</font><font style="font-family: 'Century Gothic'; font-size: 9.5pt;">available for seven days</font><font style="font-family: 'Century Gothic'; font-size: 9.5pt;">)</font></p>
<p style="margin: 0pt;"><font style="color: #404040; font-family: 'Century Gothic'; font-size: 9.5pt; font-weight: bold;">C</font><font style="color: #404040; font-family: 'Century Gothic'; font-size: 9.5pt; font-weight: bold;">ode</font><font style="color: #404040; font-family: 'Century Gothic'; font-size: 9.5pt; font-weight: bold;">:</font><font style="color: #404040; font-family: 'Century Gothic'; font-size: 9.5pt;"> </font><font style="font-family: 'Century Gothic'; font-size: 9.5pt;">101</font><font style="font-family: 'Century Gothic'; font-size: 9.5pt;">4</font><font style="font-family: 'Century Gothic'; font-size: 9.5pt;">6533</font></p>
<p style="margin: 0pt;"><font style="color: #404040; font-family: 'Century Gothic'; font-size: 9.5pt;">&nbsp;</font></p>
<p style="margin: 0pt;"><font style="color: #051272; font-family: 'Century Gothic'; font-size: 9.5pt; font-weight: bold;">Portuguese: 11 am (Bras&#237;lia time) </font><font style="color: #051272; font-family: 'Century Gothic'; font-size: 9.5pt; font-weight: bold;">/ 10 am (USA EST)</font></p>
<p style="margin: 0pt;"><font style="color: #404040; font-family: 'Century Gothic'; font-size: 9.5pt; font-weight: bold;">Telephone for connections:</font><font style="color: #404040; font-family: 'Century Gothic'; font-size: 9.5pt;"> </font><font style="font-family: 'Century Gothic'; font-size: 9.5pt;">+55 (11) 2188-0155</font></p>
<p style="margin: 0pt;"><font style="color: #404040; font-family: 'Century Gothic'; font-size: 9.5pt; font-weight: bold;">Code:</font><font style="color: #404040; font-family: 'Century Gothic'; font-size: 9.5pt;"> </font><font style="font-family: 'Century Gothic'; font-size: 9.5pt;">Ultra</font><br><font style="color: #404040; font-family: 'Century Gothic'; font-size: 9.5pt; font-weight: bold;">&nbsp;</font></p>
<p style="margin: 0pt;"><font style="color: #404040; font-family: 'Century Gothic'; font-size: 9.5pt; font-weight: bold;">Replay:</font><font style="color: #404040; font-family: 'Century Gothic'; font-size: 9.5pt;"> </font><font style="font-family: 'Century Gothic'; font-size: 9.5pt;">+55 (11) 2188-0400 (available for seven days)</font></p>
<p style="margin: 0pt;"><font style="color: #404040; font-family: 'Century Gothic'; font-size: 9.5pt; font-weight: bold;">Code:</font><font style="color: #404040; font-family: 'Century Gothic'; font-size: 9.5pt;"> </font><font style="font-family: 'Century Gothic'; font-size: 9.5pt;">Ultrapar</font></p>
<p style="margin: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 10pt; text-align: center;"><br></font></p>
<p style="margin: 0pt;"><font style="font-family: 'Century Gothic'; font-size: 10pt; text-align: center;">&nbsp;</font></p>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>140</font></font></td>
</tr>

</table>
<hr style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<table style="width: 100%; margin-left: 0.1px; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td style="width: 50%;">
<p style="margin: 0in 0in 0.0001pt; font-size: 10pt; font-family: 'Century Gothic', sans-serif; color: #000000;"><font style="font-size: 14.0pt; mso-bidi-font-size: 9.5pt; font-family: 'Open Sans','sans-serif'; color: #051272; mso-themecolor: accent1;"><font style="mso-spacerun: yes;">&nbsp;</font></font><font style="font-size: 14.0pt; mso-bidi-font-size: 9.5pt; font-family: 'Open Sans','sans-serif'; color: #051272; mso-themecolor: accent1; mso-ansi-language: EN-US;">2<sup>nd</sup> QUARTER 2020</font><font style="mso-ansi-language: EN-US;"></font></p>
</td>
<td style="width: 50%; text-align: right;"><img src="imgw55nav4epts05523320.jpg" alt="Graphics"></td>
</tr>

</table>
<p align="center" style="color: #000000; font-family: 'Times New Roman'; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-style: initial; text-decoration-color: initial; margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><b>ULTRAPAR</b></p>
<p align="center" style="color: #000000; font-family: 'Times New Roman'; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-style: initial; text-decoration-color: initial; margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><b>CONSOLIDATED BALANCE SHEET</b></p>
<p align="center" style="color: #000000; font-family: 'Times New Roman'; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-style: initial; text-decoration-color: initial; margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><b><br></b></p>
</div>
<div>
<table border="0" cellpadding="0" cellspacing="0" width="100%" style="height: 825px; border-collapse: collapse; width: 100%; margin: 0px; text-indent: 0px; font-family: 'times new roman'; font-size: 10pt;">

<tr style="height: 15px;">
<td height="20" style="height: 15px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: middle; white-space: normal; text-align: left; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;"><font style="text-decoration: underline;"><font style="font-family: 'times new roman', times;">In million of Reais</font></font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 15px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 1px 0px 0px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: middle; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 15px; margin: 0px; text-indent: 0px; text-align: center; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;</font>JUN 20<font style="mso-spacerun: yes;">&nbsp;</font></font></td>
<td style="padding: 1px 0px 0px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: middle; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 15px; margin: 0px; text-indent: 0px; text-align: center;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 1px 0px 0px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: middle; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 15px; margin: 0px; text-indent: 0px; text-align: center; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;</font>JUN 19<font style="mso-spacerun: yes;">&nbsp;</font></font></td>
<td style="padding: 1px 0px 0px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: middle; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 15px; margin: 0px; text-indent: 0px; text-align: center;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 1px 0px 0px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: middle; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 15px; margin: 0px; text-indent: 0px; text-align: center; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;</font>MAR 19<font style="mso-spacerun: yes;">&nbsp;</font></font></td>
</tr>
<tr style="height: 15px; background-color: #cceeff;">
<td height="20" style="height: 15px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: normal; text-align: left; width: 67%; background-color: #cceeff;"><font style="font-family: 'times new roman', times;">ASSETS</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; height: 15px; width: 1%; background-color: #cceeff;"></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; width: 10%; margin: 0px; text-indent: 0px; text-align: right; background-color: #cceeff;"></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; width: 1%; margin: 0px; text-indent: 0px; text-align: right; background-color: #cceeff;"></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; width: 10%; margin: 0px; text-indent: 0px; text-align: right; background-color: #cceeff;"></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; width: 1%; margin: 0px; text-indent: 0px; text-align: right; background-color: #cceeff;"></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; width: 10%; margin: 0px; text-indent: 0px; text-align: right; background-color: #cceeff;"></td>
</tr>
<tr style="height: 15px;">
<td height="20" style="height: 15px; padding: 1px 1px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: normal; text-align: left;"><font style="font-family: 'times new roman', times;">Cash and cash equivalents</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 15px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>3,805.2</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right;"></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>2,909.3</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right;"></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>2,494.0</font></td>
</tr>
<tr style="height: 15px; background-color: #cceeff;">
<td height="20" style="height: 15px; padding: 1px 1px 0px 17px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: normal; text-align: left; background-color: #cceeff;"><font style="font-family: 'times new roman', times;">Financial investments and hedging instruments</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 15px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>3,174.9</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right; background-color: #cceeff;"></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>3,177.4</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right; background-color: #cceeff;"></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>3,460.7</font></td>
</tr>
<tr style="height: 15px;">
<td height="20" style="height: 15px; padding: 1px 1px 0px 17px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: normal; text-align: left;"><font style="font-family: 'times new roman', times;">Trade receivables and reseller financing</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 15px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>3,505.6</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right;"></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>4,226.2</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right;"></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>3,629.4</font></td>
</tr>
<tr style="height: 15px; background-color: #cceeff;">
<td height="20" style="height: 15px; padding: 1px 1px 0px 17px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: normal; text-align: left; background-color: #cceeff;"><font style="font-family: 'times new roman', times;">Inventories</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 15px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>2,970.2</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right; background-color: #cceeff;"></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>3,263.6</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right; background-color: #cceeff;"></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>3,394.8</font></td>
</tr>
<tr style="height: 15px;">
<td height="20" style="height: 15px; padding: 1px 1px 0px 17px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: normal; text-align: left;"><font style="font-family: 'times new roman', times;">Recoverable taxes</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 15px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,476.1</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right;"></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,035.8</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right;"></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,436.5</font></td>
</tr>
<tr style="height: 15px; background-color: #cceeff;">
<td height="20" style="height: 15px; padding: 1px 1px 0px 17px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: normal; text-align: left; background-color: #cceeff;"><font style="font-family: 'times new roman', times;">Prepaid expenses</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 15px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>158.2</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right; background-color: #cceeff;"></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>160.0</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right; background-color: #cceeff;"></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>157.1</font></td>
</tr>
<tr style="height: 15px;">
<td height="20" style="height: 15px; padding: 1px 1px 0px 17px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: normal; text-align: left;"><font style="font-family: 'times new roman', times;">Contractual assets with customers - exclusive rights</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 15px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>473.0</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right;"></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>478.9</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right;"></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>473.5</font></td>
</tr>
<tr style="height: 15px; background-color: #cceeff;">
<td height="20" style="height: 15px; padding: 1px 1px 0px 17px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: normal; text-align: left; background-color: #cceeff;"><font style="font-family: 'times new roman', times;">Other receivable</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 15px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>87.3</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right; background-color: #cceeff;"></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>86.8</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right; background-color: #cceeff;"></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>83.3</font></td>
</tr>
<tr style="height: 15px;">
<td height="20" style="height: 15px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: normal; text-align: left; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;"><font style="font-family: 'times new roman', times;">Total Current Assets</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 15px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 15px; margin: 0px; text-indent: 0px; text-align: right; border-top: 1pt solid #000000 !important; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>15,650.4</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 15px; margin: 0px; text-indent: 0px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 15px; margin: 0px; text-indent: 0px; text-align: right; border-top: 1pt solid #000000 !important; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>15,337.9</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 15px; margin: 0px; text-indent: 0px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 15px; margin: 0px; text-indent: 0px; text-align: right; border-top: 1pt solid #000000 !important; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>15,129.3</font></td>
</tr>
<tr style="height: 15px; background-color: #cceeff;">
<td height="20" style="height: 15px; padding: 1px 1px 0px 17px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: normal; text-align: left; background-color: #cceeff;"><font style="font-family: 'times new roman', times;">Financial investments and hedging instruments</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 15px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,467.5</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right; background-color: #cceeff;"></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>334.8</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right; background-color: #cceeff;"></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,294.0</font></td>
</tr>
<tr style="height: 15px;">
<td height="20" style="height: 15px; padding: 1px 1px 0px 17px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: normal; text-align: left;"><font style="font-family: 'times new roman', times;">Trade receivables and reseller financing</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 15px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>470.7</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right;"></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>375.1</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right;"></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>401.2</font></td>
</tr>
<tr style="height: 15px; background-color: #cceeff;">
<td height="20" style="height: 15px; padding: 1px 1px 0px 17px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: normal; text-align: left; background-color: #cceeff;"><font style="font-family: 'times new roman', times;">Deferred income and social contribution taxes</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 15px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,016.6</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right; background-color: #cceeff;"></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>599.3</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right; background-color: #cceeff;"></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>916.1</font></td>
</tr>
<tr style="height: 15px;">
<td height="20" style="height: 15px; padding: 1px 1px 0px 17px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: normal; text-align: left;"><font style="font-family: 'times new roman', times;">Recoverable taxes</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 15px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,149.1</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right;"></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>837.4</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right;"></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,085.9</font></td>
</tr>
<tr style="height: 15px; background-color: #cceeff;">
<td height="20" style="height: 15px; padding: 1px 1px 0px 17px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: normal; text-align: left; background-color: #cceeff;"><font style="font-family: 'times new roman', times;">Escrow deposits<font style="mso-spacerun: yes;">&nbsp;</font></font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 15px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>949.7</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right; background-color: #cceeff;"></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>912.6</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right; background-color: #cceeff;"></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>957.2</font></td>
</tr>
<tr style="height: 15px;">
<td height="20" style="height: 15px; padding: 1px 1px 0px 17px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: normal; text-align: left;"><font style="font-family: 'times new roman', times;">Prepaid expenses</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 15px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>87.8</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right;"></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>106.9</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right;"></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>62.4</font></td>
</tr>
<tr style="height: 15px; background-color: #cceeff;">
<td height="20" style="height: 15px; padding: 1px 1px 0px 17px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: normal; text-align: left; background-color: #cceeff;"><font style="font-family: 'times new roman', times;">Contractual assets with customers - exclusive rights</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 15px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,127.4</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right; background-color: #cceeff;"></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>977.5</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right; background-color: #cceeff;"></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,065.8</font></td>
</tr>
<tr style="height: 15px;">
<td height="20" style="height: 15px; padding: 1px 1px 0px 17px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: normal; text-align: left;"><font style="font-family: 'times new roman', times;">Other receivables</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 15px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>197.2</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right;"></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>196.6</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right;"></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>197.2</font></td>
</tr>
<tr style="height: 15px; background-color: #cceeff;">
<td height="20" style="height: 15px; padding: 1px 1px 0px 17px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: normal; text-align: left; background-color: #cceeff;"><font style="font-family: 'times new roman', times;">Investments</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 15px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>165.8</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right; background-color: #cceeff;"></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>122.4</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right; background-color: #cceeff;"></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>171.7</font></td>
</tr>
<tr style="height: 15px;">
<td height="20" style="height: 15px; padding: 1px 1px 0px 17px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: normal; text-align: left;"><font style="font-family: 'times new roman', times;">Right to use assets</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 15px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>2,135.5</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right;"></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,878.6</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right;"></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>2,069.7</font></td>
</tr>
<tr style="height: 15px; background-color: #cceeff;">
<td height="20" style="height: 15px; padding: 1px 1px 0px 17px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: normal; text-align: left; background-color: #cceeff;"><font style="font-family: 'times new roman', times;">Property, plant and equipment</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 15px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>7,899.3</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right; background-color: #cceeff;"></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>7,309.0</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right; background-color: #cceeff;"></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>7,884.7</font></td>
</tr>
<tr style="height: 15px;">
<td height="20" style="height: 15px; padding: 1px 1px 0px 17px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: normal; text-align: left;"><font style="font-family: 'times new roman', times;">Intangible assets</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 15px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,770.5</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right;"></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>2,316.6</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right;"></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,780.5</font></td>
</tr>
<tr style="height: 15px; background-color: #cceeff;">
<td height="20" style="height: 15px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: normal; text-align: left; background: #cceeff;"><font style="font-family: 'times new roman', times;">Total Non-Current Assets</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 15px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 15px; margin: 0px; text-indent: 0px; text-align: right; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #000000 !important;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>18,437.0</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 15px; margin: 0px; text-indent: 0px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 15px; margin: 0px; text-indent: 0px; text-align: right; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #000000 !important;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>15,966.8</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 15px; margin: 0px; text-indent: 0px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 15px; margin: 0px; text-indent: 0px; text-align: right; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #000000 !important;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>17,886.5</font></td>
</tr>
<tr style="height: 15px;">
<td height="20" style="height: 15px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: normal; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;"><font style="font-family: 'times new roman', times;">TOTAL ASSETS</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 15px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 15px; margin: 0px; text-indent: 0px; text-align: right; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #000000 !important; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>34,087.4</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 15px; margin: 0px; text-indent: 0px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 15px; margin: 0px; text-indent: 0px; text-align: right; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #000000 !important; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>31,304.8</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 15px; margin: 0px; text-indent: 0px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 15px; margin: 0px; text-indent: 0px; text-align: right; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #000000 !important; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>33,015.9</font></td>
</tr>
<tr style="height: 15px; background-color: #cceeff;">
<td height="20" style="height: 15px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: normal; text-align: left; background-color: #cceeff;"><font style="font-family: 'times new roman', times;">LIABILITIES</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; height: 15px; background-color: #cceeff;"></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right; background-color: #cceeff;"></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right; background-color: #cceeff;"></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right; background-color: #cceeff;"></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right; background-color: #cceeff;"></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right; background-color: #cceeff;"></td>
</tr>
<tr style="height: 15px;">
<td height="20" style="height: 15px; padding: 1px 1px 0px 17px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: normal; text-align: left;"><font style="font-family: 'times new roman', times;">Loans and hedging instruments</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 15px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>2,335.1</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right;"></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>981.0</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right;"></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,529.5</font></td>
</tr>
<tr style="height: 15px; background-color: #cceeff;">
<td height="20" style="height: 15px; padding: 1px 1px 0px 17px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: normal; text-align: left; background-color: #cceeff;"><font style="font-family: 'times new roman', times;">Debentures</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 15px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>262.1</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right; background-color: #cceeff;"></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>315.2</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right; background-color: #cceeff;"></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>276.8</font></td>
</tr>
<tr style="height: 15px;">
<td height="20" style="height: 15px; padding: 1px 1px 0px 17px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: normal; text-align: left;"><font style="font-family: 'times new roman', times;">Trade payables</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 15px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>2,538.3</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right;"></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>2,506.3</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right;"></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>2,405.3</font></td>
</tr>
<tr style="height: 15px; background-color: #cceeff;">
<td height="20" style="height: 15px; padding: 1px 1px 0px 17px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: normal; text-align: left; background-color: #cceeff;"><font style="font-family: 'times new roman', times;">Salaries and related charges</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 15px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>439.1</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right; background-color: #cceeff;"></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>369.3</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right; background-color: #cceeff;"></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>340.1</font></td>
</tr>
<tr style="height: 15px;">
<td height="20" style="height: 15px; padding: 1px 1px 0px 17px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: normal; text-align: left;"><font style="font-family: 'times new roman', times;">Taxes payable</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 15px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>316.6</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right;"></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>327.8</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right;"></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>343.1</font></td>
</tr>
<tr style="height: 15px; background-color: #cceeff;">
<td height="20" style="height: 15px; padding: 1px 1px 0px 17px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: normal; text-align: left; background-color: #cceeff;"><font style="font-family: 'times new roman', times;">Leases payable</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 15px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>238.5</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right; background-color: #cceeff;"></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>203.5</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right; background-color: #cceeff;"></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>230.5</font></td>
</tr>
<tr style="height: 15px;">
<td height="20" style="height: 15px; padding: 1px 1px 0px 17px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: normal; text-align: left;"><font style="font-family: 'times new roman', times;">Other payables</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 15px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>355.3</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right;"></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>395.9</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right;"></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>319.2</font></td>
</tr>
<tr style="height: 15px; background-color: #cceeff;">
<td height="20" style="height: 15px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: normal; text-align: left; background: #cceeff;"><font style="font-family: 'times new roman', times;">Total Current Liabilities</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 15px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 15px; margin: 0px; text-indent: 0px; text-align: right; border-top: 1pt solid #000000 !important; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>6,485.0</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 15px; margin: 0px; text-indent: 0px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 15px; margin: 0px; text-indent: 0px; text-align: right; border-top: 1pt solid #000000 !important; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>5,098.9</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 15px; margin: 0px; text-indent: 0px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 15px; margin: 0px; text-indent: 0px; text-align: right; border-top: 1pt solid #000000 !important; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>5,444.5</font></td>
</tr>
<tr style="height: 15px;">
<td height="20" style="height: 15px; padding: 1px 1px 0px 17px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: normal; text-align: left;"><font style="font-family: 'times new roman', times;">Loans and hedging instruments</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 15px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>8,951.8</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right;"></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>7,010.8</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right;"></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>8,771.5</font></td>
</tr>
<tr style="height: 15px; background-color: #cceeff;">
<td height="20" style="height: 15px; padding: 1px 1px 0px 17px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: normal; text-align: left; background-color: #cceeff;"><font style="font-family: 'times new roman', times;">Debentures</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 15px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>6,215.2</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right; background-color: #cceeff;"></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>6,263.6</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right; background-color: #cceeff;"></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>6,384.2</font></td>
</tr>
<tr style="height: 15px;">
<td height="20" style="height: 15px; padding: 1px 1px 0px 17px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: normal; text-align: left;"><font style="font-family: 'times new roman', times;">Provisions for tax, civil and labor risks</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 15px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>846.7</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right;"></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>848.8</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right;"></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>887.2</font></td>
</tr>
<tr style="height: 15px; background-color: #cceeff;">
<td height="20" style="height: 15px; padding: 1px 1px 0px 17px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: normal; text-align: left; background-color: #cceeff;"><font style="font-family: 'times new roman', times;">Post-employment benefits</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 15px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>247.1</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right; background-color: #cceeff;"></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>202.5</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right; background-color: #cceeff;"></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>245.8</font></td>
</tr>
<tr style="height: 15px;">
<td height="20" style="height: 15px; padding: 1px 1px 0px 17px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: normal; text-align: left;"><font style="font-family: 'times new roman', times;">Leases payable</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 15px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,536.7</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right;"></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,361.2</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right;"></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,473.8</font></td>
</tr>
<tr style="height: 15px; background-color: #cceeff;">
<td height="20" style="height: 15px; padding: 1px 1px 0px 17px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: normal; text-align: left; background-color: #cceeff;"><font style="font-family: 'times new roman', times;">Other payables</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 15px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>297.0</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right; background-color: #cceeff;"></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>450.7</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right; background-color: #cceeff;"></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>307.2</font></td>
</tr>
<tr style="height: 15px;">
<td height="20" style="height: 15px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: normal; text-align: left; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;"><font style="font-family: 'times new roman', times;">Total Non-Current Liabilities</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 15px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 15px; margin: 0px; text-indent: 0px; text-align: right; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #000000 !important;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>18,094.5</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 15px; margin: 0px; text-indent: 0px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 15px; margin: 0px; text-indent: 0px; text-align: right; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #000000 !important;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>16,137.7</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 15px; margin: 0px; text-indent: 0px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 15px; margin: 0px; text-indent: 0px; text-align: right; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #000000 !important;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>18,069.7</font></td>
</tr>
<tr style="height: 15px; background-color: #cceeff;">
<td height="20" style="height: 15px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: normal; background: #cceeff;"><font style="font-family: 'times new roman', times;">TOTAL LIABILITIES</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 15px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 15px; margin: 0px; text-indent: 0px; text-align: right; border-top: 1pt solid #000000 !important; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>24,579.4</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 15px; margin: 0px; text-indent: 0px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 15px; margin: 0px; text-indent: 0px; text-align: right; border-top: 1pt solid #000000 !important; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>21,236.6</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 15px; margin: 0px; text-indent: 0px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 15px; margin: 0px; text-indent: 0px; text-align: right; border-top: 1pt solid #000000 !important; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>23,514.2</font></td>
</tr>
<tr style="height: 15px;">
<td height="20" style="height: 15px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: normal; text-align: left;"><font style="font-family: 'times new roman', times;">EQUITY</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; height: 15px;"></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right;"></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right;"></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right;"></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right;"></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right;"></td>
</tr>
<tr style="height: 15px; background-color: #cceeff;">
<td height="20" style="height: 15px; padding: 1px 1px 0px 17px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: normal; text-align: left; background-color: #cceeff;"><font style="font-family: 'times new roman', times;">Share capital</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 15px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>5,171.8</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right; background-color: #cceeff;"></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>5,171.8</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right; background-color: #cceeff;"></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>5,171.8</font></td>
</tr>
<tr style="height: 15px;">
<td height="20" style="height: 15px; padding: 1px 1px 0px 17px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: normal; text-align: left;"><font style="font-family: 'times new roman', times;">Reserves</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 15px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>4,595.3</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right;"></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>4,646.1</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right;"></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>4,595.4</font></td>
</tr>
<tr style="height: 15px; background-color: #cceeff;">
<td height="20" style="height: 15px; padding: 1px 1px 0px 17px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: normal; text-align: left; background-color: #cceeff;"><font style="font-family: 'times new roman', times;">Treasury shares</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 15px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(485.4)</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right; background-color: #cceeff;"></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(485.4)</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right; background-color: #cceeff;"></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(485.4)</font></td>
</tr>
<tr style="height: 15px;">
<td height="20" style="height: 15px; padding: 1px 1px 0px 17px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: normal; text-align: left;"><font style="font-family: 'times new roman', times;">Other</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 15px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(165.3)</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right;"></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>359.6</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right;"></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(165.1)</font></td>
</tr>
<tr style="height: 15px; background-color: #cceeff;">
<td height="20" style="height: 15px; padding: 1px 1px 0px 17px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: normal; text-align: left; background-color: #cceeff;"><font style="font-family: 'times new roman', times;">Non-controlling interests in subsidiaries</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 15px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>391.6</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right; background-color: #cceeff;"></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>376.0</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right; background-color: #cceeff;"></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>385.0</font></td>
</tr>
<tr style="height: 15px;">
<td height="20" style="height: 15px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: normal; text-align: left; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;"><font style="font-family: 'times new roman', times;">Total equity</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 15px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 15px; margin: 0px; text-indent: 0px; text-align: right; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #000000 !important;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>9,508.0</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 15px; margin: 0px; text-indent: 0px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 15px; margin: 0px; text-indent: 0px; text-align: right; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #000000 !important;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>10,068.1</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 15px; margin: 0px; text-indent: 0px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 15px; margin: 0px; text-indent: 0px; text-align: right; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #000000 !important;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>9,501.7</font></td>
</tr>
<tr style="height: 15px; background-color: #cceeff;">
<td height="20" style="height: 15px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: normal; background: #cceeff;"><font style="font-family: 'times new roman', times;">TOTAL LIABILITIES AND EQUITY</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 15px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 15px; margin: 0px; text-indent: 0px; text-align: right; border-top: 1pt solid #000000 !important; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>34,087.4</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 15px; margin: 0px; text-indent: 0px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 15px; margin: 0px; text-indent: 0px; text-align: right; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #000000 !important; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>31,304.8</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 15px; margin: 0px; text-indent: 0px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 15px; margin: 0px; text-indent: 0px; text-align: right; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #000000 !important; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>33,015.9</font></td>
</tr>
<tr style="height: 15px;">
<td height="20" style="height: 15px; padding: 1px 1px 0px 17px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: normal; text-align: left;"><font style="font-family: 'times new roman', times;">Cash and financial investments</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 15px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>8,447.5</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right;"></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>6,421.5</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right;"></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>7,248.7</font></td>
</tr>
<tr style="height: 15px; background-color: #cceeff;">
<td height="20" style="height: 15px; padding: 1px 1px 0px 17px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: normal; text-align: left; background-color: #cceeff;"><font style="font-family: 'times new roman', times;">Debt</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 15px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(17,764.2)</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right; background-color: #cceeff;"></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(14,570.6)</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right; background-color: #cceeff;"></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(16,962.0)</font></td>
</tr>
<tr style="height: 15px;">
<td height="20" style="height: 15px; padding: 1px 1px 0px 17px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: normal; text-align: left;"><font style="font-family: 'times new roman', times;">Leases payable</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 15px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(1,775.3)</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right;"></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(1,564.7)</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right;"></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; margin: 0px; text-indent: 0px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(1,704.2)</font></td>
</tr>
<tr style="height: 15px; background-color: #cceeff;">
<td height="20" style="height: 15px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: normal; text-align: left; background: #cceeff;"><font style="font-family: 'times new roman', times;">Net cash (debt)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 15px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 15px; margin: 0px; text-indent: 0px; text-align: right; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #000000 !important;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(11,091.9)</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 15px; margin: 0px; text-indent: 0px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 15px; margin: 0px; text-indent: 0px; text-align: right; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #000000 !important;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(9,713.8)</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 15px; margin: 0px; text-indent: 0px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 15px; margin: 0px; text-indent: 0px; text-align: right; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #000000 !important;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(11,417.6)</font></td>
</tr>
<tr style="height: 15px;">
<td height="20" style="height: 15px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: normal; text-align: left; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;"><font style="font-family: 'times new roman', times;">Net cash (debt) ex-IFRS 16</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 15px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 15px; margin: 0px; text-indent: 0px; text-align: right; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #000000 !important; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(9,316.6)</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 15px; margin: 0px; text-indent: 0px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 15px; margin: 0px; text-indent: 0px; text-align: right; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #000000 !important; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(8,149.1)</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 15px; margin: 0px; text-indent: 0px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 1px 0px 0px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 15px; margin: 0px; text-indent: 0px; text-align: right; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #000000 !important; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(9,713.3)</font></td>
</tr>

</table>
<p style="margin: 0pt;"><br></p>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>141</font></font></td>
</tr>

</table>
<hr style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<table style="width: 100%; margin-left: 0.1px; font-family: 'times new roman'; font-size: 10pt; height: 53px;">

<tr style="height: 53px;">
<td style="width: 50%; height: 53px;">
<p style="margin: 0in 0in 0.0001pt; font-size: 10pt; font-family: 'Century Gothic', sans-serif; color: #000000;"><font style="font-size: 14.0pt; mso-bidi-font-size: 9.5pt; font-family: 'Open Sans','sans-serif'; color: #051272; mso-themecolor: accent1;"><font style="mso-spacerun: yes;">&nbsp;</font></font><font style="font-size: 14.0pt; mso-bidi-font-size: 9.5pt; font-family: 'Open Sans','sans-serif'; color: #051272; mso-themecolor: accent1; mso-ansi-language: EN-US;">2<sup>nd</sup> QUARTER 2020</font><font style="mso-ansi-language: EN-US;"></font></p>
</td>
<td style="width: 50%; text-align: right; height: 53px;"><img src="imgnqx01bk4whl05523320.jpg" alt="Graphics"></td>
</tr>

</table>
<p><br></p>
<table border="0" cellpadding="0" cellspacing="0" width="100%" style="height: 0px; border-collapse: collapse; width: 100%; margin-left: 0.1px; font-family: 'times new roman'; font-size: 10pt;">

<tr style="height: 15px;">
<td colspan="11" height="20" style="height: 15px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: center; width: 99.9059%;">ULTRAPAR</td>
</tr>
<tr style="height: 15px;">
<td colspan="11" height="20" style="height: 15px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: center; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; width: 99.9059%;">CONSOLIDATED INCOME STATEMENT</td>
</tr>
<tr style="height: 15px;">
<td height="20" style="height: 15px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; width: 14.4067%;">&nbsp;</td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 15px; width: 53.6724%;">&nbsp;</td>
<td colspan="5" style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: middle; white-space: nowrap; text-align: center; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 15px; width: 18.9266%;">&nbsp;</td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: middle; white-space: nowrap; text-align: center; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 15px; width: 0.659134%;">&nbsp;</td>
<td colspan="3" style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: middle; white-space: nowrap; text-align: center; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 15px; width: 12.2411%;">&nbsp;</td>
</tr>
<tr style="height: 15px;">
<td height="20" style="height: 15px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: middle; white-space: nowrap; text-align: left; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; width: 14.4067%;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="text-decoration: underline;">In million of Reais</font><font style="mso-spacerun: yes;">&nbsp;</font></font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 15px; width: 53.6724%;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: middle; white-space: nowrap; text-align: center; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 15px; border-bottom: 1pt solid #000000 !important; width: 6.12053%;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;</font>2Q20<font style="mso-spacerun: yes;">&nbsp;</font></font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: middle; white-space: nowrap; text-align: center; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 15px; width: 0.564972%;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: middle; white-space: nowrap; text-align: center; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 15px; border-bottom: 1pt solid #000000 !important; width: 5.83804%;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;</font>2Q19<font style="mso-spacerun: yes;">&nbsp;</font></font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: middle; white-space: nowrap; text-align: center; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 15px; width: 0.564972%;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: middle; white-space: nowrap; text-align: center; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 15px; border-bottom: 1pt solid #000000 !important; width: 5.83804%;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;</font>1Q20<font style="mso-spacerun: yes;">&nbsp;</font></font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: middle; white-space: nowrap; text-align: center; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 15px; width: 0.659134%;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: middle; white-space: nowrap; text-align: center; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 15px; border-bottom: 1pt solid #000000 !important; width: 5.55556%;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;</font>1H20<font style="mso-spacerun: yes;">&nbsp;</font></font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: middle; white-space: nowrap; text-align: center; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 15px; width: 0.564972%;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: middle; white-space: nowrap; text-align: center; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 15px; border-bottom: 1pt solid #000000 !important; width: 6.12053%;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;</font>1H19<font style="mso-spacerun: yes;">&nbsp;</font></font></td>
</tr>
<tr style="height: 15px; background-color: #cceeff;">
<td height="20" style="height: 15px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; background: #cceeff; width: 14.4067%;"><font style="font-family: 'times new roman', times; font-size: 9pt;">Net revenue from sales and services</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 15px; width: 53.6724%;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 15px; text-align: right; width: 6.12053%;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp; </font>15,876.2</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 15px; text-align: right; width: 0.564972%;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 15px; text-align: right; width: 5.83804%;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp; </font>21,692.6</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 15px; text-align: right; width: 0.564972%;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 15px; text-align: right; width: 5.83804%;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp; </font>21,387.1</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 15px; text-align: right; width: 0.659134%;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 15px; text-align: right; width: 5.55556%;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp; </font>37,263.4</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 15px; text-align: right; width: 0.564972%;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 15px; text-align: right; width: 6.12053%;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp; </font>42,431.9</font></td>
</tr>
<tr style="height: 15px;">
<td height="20" style="height: 15px; padding: 1px 1px 0px 17px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; width: 14.4067%;"><font style="font-family: 'times new roman', times; font-size: 9pt;">Cost of products and services sold</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 15px; width: 53.6724%;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; width: 6.12053%;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp; </font>(14,825.0)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; width: 0.564972%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; width: 5.83804%;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp; </font>(20,286.9)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; width: 0.564972%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; width: 5.83804%;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp; </font>(19,977.2)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; width: 0.659134%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; width: 5.55556%;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp; </font>(34,802.2)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; width: 0.564972%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; width: 6.12053%;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp; </font>(39,581.6)</font></td>
</tr>
<tr style="height: 15px; background-color: #cceeff;">
<td height="20" style="height: 15px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; background: #cceeff; width: 14.4067%;"><font style="font-family: 'times new roman', times; font-size: 9pt;">Gross profit</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 15px; width: 53.6724%;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 15px; text-align: right; border-bottom: 1pt solid #000000 !important; width: 6.12053%;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,051.2</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 15px; text-align: right; width: 0.564972%;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 15px; text-align: right; border-bottom: 1pt solid #000000 !important; width: 5.83804%;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,405.8</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 15px; text-align: right; width: 0.564972%;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 15px; text-align: right; border-bottom: 1pt solid #000000 !important; width: 5.83804%;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,409.9</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 15px; text-align: right; width: 0.659134%;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 15px; text-align: right; border-bottom: 1pt solid #000000 !important; width: 5.55556%;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp; </font>2,461.2</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 15px; text-align: right; width: 0.564972%;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 15px; text-align: right; border-bottom: 1pt solid #000000 !important; width: 6.12053%;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>2,850.3</font></td>
</tr>
<tr style="height: 15px;">
<td height="20" style="height: 15px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; width: 14.4067%;"><font style="font-family: 'times new roman', times; font-size: 9pt;">Operating expenses</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; width: 53.6724%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; width: 6.12053%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; width: 0.564972%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; width: 5.83804%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; width: 0.564972%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; width: 5.83804%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; width: 0.659134%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; width: 5.55556%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; width: 0.564972%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; width: 6.12053%;"></td>
</tr>
<tr style="height: 15px; background-color: #cceeff;">
<td height="20" style="height: 15px; padding: 1px 1px 0px 17px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; background: #cceeff; width: 14.4067%;"><font style="font-family: 'times new roman', times; font-size: 9pt;">Selling and marketing</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 15px; width: 53.6724%;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff; width: 6.12053%;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(608.3)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff; width: 0.564972%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff; width: 5.83804%;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(696.6)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff; width: 0.564972%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff; width: 5.83804%;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(644.9)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff; width: 0.659134%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff; width: 5.55556%;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp; </font>(1,253.3)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff; width: 0.564972%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff; width: 6.12053%;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(1,375.1)</font></td>
</tr>
<tr style="height: 15px;">
<td height="20" style="height: 15px; padding: 1px 1px 0px 17px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; width: 14.4067%;"><font style="font-family: 'times new roman', times; font-size: 9pt;">General and administrative</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 15px; width: 53.6724%;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; width: 6.12053%;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(293.2)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; width: 0.564972%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; width: 5.83804%;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(415.6)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; width: 0.564972%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; width: 5.83804%;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(409.9)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; width: 0.659134%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; width: 5.55556%;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(703.1)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; width: 0.564972%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; width: 6.12053%;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(799.5)</font></td>
</tr>
<tr style="height: 15px; background-color: #cceeff;">
<td height="20" style="height: 15px; padding: 1px 1px 0px 17px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; background-color: #cceeff; width: 14.4067%;"><font style="font-family: 'times new roman', times; font-size: 9pt;">Other operating income</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 15px; width: 53.6724%;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff; width: 6.12053%;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>36.2</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff; width: 0.564972%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff; width: 5.83804%;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>10.1</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff; width: 0.564972%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff; width: 5.83804%;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>123.9</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff; width: 0.659134%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff; width: 5.55556%;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>160.2</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff; width: 0.564972%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff; width: 6.12053%;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>46.8</font></td>
</tr>
<tr style="height: 15px;">
<td height="20" style="height: 15px; padding: 1px 1px 0px 17px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; width: 14.4067%;"><font style="font-family: 'times new roman', times; font-size: 9pt;">Gain (loss) on disposal of property,<br>plant and equipment and intangibles</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 15px; width: 53.6724%;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; width: 6.12053%;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>14.0</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; width: 0.564972%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; width: 5.83804%;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1.0</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; width: 0.564972%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; width: 5.83804%;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>6.9</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; width: 0.659134%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; width: 5.55556%;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>20.9</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; width: 0.564972%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; width: 6.12053%;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(1.1)</font></td>
</tr>
<tr style="height: 15px; background-color: #cceeff;">
<td height="20" style="height: 15px; padding: 1px 1px 0px 17px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; background-color: #cceeff; width: 14.4067%;"><font style="font-family: 'times new roman', times; font-size: 9pt;">Impairment</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 15px; width: 53.6724%;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff; width: 6.12053%;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>-<font style="mso-spacerun: yes;">&nbsp;&nbsp; </font></font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff; width: 0.564972%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff; width: 5.83804%;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>-<font style="mso-spacerun: yes;">&nbsp;&nbsp; </font></font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff; width: 0.564972%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff; width: 5.83804%;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>-<font style="mso-spacerun: yes;">&nbsp;&nbsp; </font></font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff; width: 0.659134%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff; width: 5.55556%;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>-<font style="mso-spacerun: yes;">&nbsp;&nbsp; </font></font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff; width: 0.564972%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff; width: 6.12053%;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>-<font style="mso-spacerun: yes;">&nbsp;&nbsp; </font></font></td>
</tr>
<tr style="height: 15px;">
<td height="20" style="height: 15px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; width: 14.4067%;"><font style="font-family: 'times new roman', times; font-size: 9pt;">Operating income (loss)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 15px; width: 53.6724%;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 15px; text-align: right; border-bottom: 1pt solid #000000 !important; width: 6.12053%;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>199.8</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 15px; text-align: right; width: 0.564972%;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 15px; text-align: right; border-bottom: 1pt solid #000000 !important; width: 5.83804%;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>304.7</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 15px; text-align: right; width: 0.564972%;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 15px; text-align: right; border-bottom: 1pt solid #000000 !important; width: 5.83804%;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>486.0</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 15px; text-align: right; width: 0.659134%;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 15px; text-align: right; border-bottom: 1pt solid #000000 !important; width: 5.55556%;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>685.9</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 15px; text-align: right; width: 0.564972%;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 15px; text-align: right; border-bottom: 1pt solid #000000 !important; width: 6.12053%;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>721.6</font></td>
</tr>
<tr style="height: 15px; background-color: #cceeff;">
<td height="20" style="height: 15px; padding: 1px 1px 0px 17px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; background: #cceeff; width: 14.4067%;"><font style="font-family: 'times new roman', times; font-size: 9pt;">Financial result</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 15px; width: 53.6724%;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff; width: 6.12053%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff; width: 0.564972%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff; width: 5.83804%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff; width: 0.564972%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff; width: 5.83804%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff; width: 0.659134%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff; width: 5.55556%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff; width: 0.564972%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff; width: 6.12053%;"></td>
</tr>
<tr style="height: 15px;">
<td height="20" style="height: 15px; padding: 1px 1px 0px 25px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; width: 14.4067%;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp; </font>Financial income</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 15px; width: 53.6724%;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; width: 6.12053%;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>53.1</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; width: 0.564972%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; width: 5.83804%;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>132.1</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; width: 0.564972%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; width: 5.83804%;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>182.1</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; width: 0.659134%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; width: 5.55556%;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>235.2</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; width: 0.564972%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; width: 6.12053%;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>276.3</font></td>
</tr>
<tr style="height: 15px; background-color: #cceeff;">
<td height="20" style="height: 15px; padding: 1px 1px 0px 25px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; background: #cceeff; width: 14.4067%;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp; </font>Financial expenses</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 15px; width: 53.6724%;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff; width: 6.12053%;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(133.4)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff; width: 0.564972%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff; width: 5.83804%;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(224.3)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff; width: 0.564972%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff; width: 5.83804%;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(349.7)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff; width: 0.659134%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff; width: 5.55556%;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(483.1)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff; width: 0.564972%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff; width: 6.12053%;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(367.6)</font></td>
</tr>
<tr style="height: 15px;">
<td height="20" style="height: 15px; padding: 1px 1px 0px 17px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; width: 14.4067%;"><font style="font-family: 'times new roman', times; font-size: 9pt;">Share of profit (loss) of subsidiaries, joint ventures and associates</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 15px; width: 53.6724%;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; width: 6.12053%;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(13.3)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; width: 0.564972%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; width: 5.83804%;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(3.1)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; width: 0.564972%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; width: 5.83804%;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(12.4)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; width: 0.659134%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; width: 5.55556%;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(25.7)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; width: 0.564972%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; width: 6.12053%;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(10.0)</font></td>
</tr>
<tr style="height: 15px; background-color: #cceeff;">
<td height="20" style="height: 15px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; background: #cceeff; width: 14.4067%;"><font style="font-family: 'times new roman', times; font-size: 9pt;">Income before income and social contribution taxes</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 15px; width: 53.6724%;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 15px; text-align: right; border-bottom: 1pt solid #000000 !important; width: 6.12053%;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>106.2</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 15px; text-align: right; width: 0.564972%;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 15px; text-align: right; border-bottom: 1pt solid #000000 !important; width: 5.83804%;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>209.4</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 15px; text-align: right; width: 0.564972%;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 15px; text-align: right; border-bottom: 1pt solid #000000 !important; width: 5.83804%;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>306.0</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 15px; text-align: right; width: 0.659134%;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 15px; text-align: right; border-bottom: 1pt solid #000000 !important; width: 5.55556%;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>412.2</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 15px; text-align: right; width: 0.564972%;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 15px; text-align: right; border-bottom: 1pt solid #000000 !important; width: 6.12053%;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>620.2</font></td>
</tr>
<tr style="height: 15px;">
<td height="20" style="height: 15px; padding: 1px 1px 0px 17px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; width: 14.4067%;"><font style="font-family: 'times new roman', times; font-size: 9pt;">Provision for income and social contribution taxes</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 15px; width: 53.6724%;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; width: 6.12053%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; width: 0.564972%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; width: 5.83804%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; width: 0.564972%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; width: 5.83804%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 15px; text-align: right; width: 0.659134%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; width: 5.55556%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; width: 0.564972%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; width: 6.12053%;"></td>
</tr>
<tr style="height: 15px; background-color: #cceeff;">
<td height="20" style="height: 15px; padding: 1px 1px 0px 17px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; background: #cceeff; width: 14.4067%;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp; </font>Current</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 15px; width: 53.6724%;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff; width: 6.12053%;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(130.7)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff; width: 0.564972%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff; width: 5.83804%;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(126.0)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff; width: 0.564972%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff; width: 5.83804%;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(124.3)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff; width: 0.659134%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff; width: 5.55556%;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(255.0)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff; width: 0.564972%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff; width: 6.12053%;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(278.9)</font></td>
</tr>
<tr style="height: 15px;">
<td height="20" style="height: 15px; padding: 1px 1px 0px 17px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; width: 14.4067%;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp; </font>Deferred</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 15px; width: 53.6724%;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; width: 6.12053%;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>55.1</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; width: 0.564972%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; width: 5.83804%;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>31.3</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; width: 0.564972%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; width: 5.83804%;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(28.8)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 15px; text-align: right; width: 0.659134%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; width: 5.55556%;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>26.3</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; width: 0.564972%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; width: 6.12053%;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>2.6</font></td>
</tr>
<tr style="height: 15px; background-color: #cceeff;">
<td height="20" style="height: 15px; padding: 1px 1px 0px 17px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; background: #cceeff; width: 14.4067%;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp; </font>Benefit of tax holidays</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 15px; width: 53.6724%;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff; width: 6.12053%;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>19.3</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff; width: 0.564972%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff; width: 5.83804%;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>5.9</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff; width: 0.564972%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff; width: 5.83804%;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>16.0</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff; width: 0.659134%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff; width: 5.55556%;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>35.3</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff; width: 0.564972%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff; width: 6.12053%;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>19.5</font></td>
</tr>
<tr style="height: 15px;">
<td height="20" style="height: 15px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; width: 14.4067%;"><font style="font-family: 'times new roman', times; font-size: 9pt;">Net income</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 15px; width: 53.6724%;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 15px; text-align: right; border-top: 1pt solid #000000 !important; border-bottom: 2.8pt double #000000 !important; width: 6.12053%;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>50.0</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 15px; text-align: right; width: 0.564972%;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 15px; text-align: right; border-top: 1pt solid #000000 !important; border-bottom: 2.8pt double #000000 !important; width: 5.83804%;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>120.7</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 15px; text-align: right; width: 0.564972%;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 15px; text-align: right; border-top: 1pt solid #000000 !important; border-bottom: 2.8pt double #000000 !important; width: 5.83804%;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>168.9</font></td>
<td style="border-left: none; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; border-image: initial; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 15px; text-align: right; border-top: 1pt solid #bfbfbf !important; border-right: 1pt solid #bfbfbf !important; border-bottom: 1pt solid #bfbfbf !important; width: 0.659134%;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 15px; text-align: right; border-top: 1pt solid #000000 !important; border-bottom: 2.8pt double #000000 !important; width: 5.55556%;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>218.9</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 15px; text-align: right; width: 0.564972%;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 15px; text-align: right; border-top: 1pt solid #000000 !important; border-bottom: 2.8pt double #000000 !important; width: 6.12053%;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>363.3</font></td>
</tr>
<tr style="height: 15px; background-color: #cceeff;">
<td height="20" style="height: 15px; padding: 1px 1px 0px 17px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; background: #cceeff; width: 14.4067%;"><font style="font-family: 'times new roman', times; font-size: 9pt;">Net income attributable to:</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 15px; width: 53.6724%;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff; width: 6.12053%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff; width: 0.564972%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff; width: 5.83804%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff; width: 0.564972%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff; width: 5.83804%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff; width: 0.659134%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff; width: 5.55556%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff; width: 0.564972%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff; width: 6.12053%;"></td>
</tr>
<tr style="height: 15px;">
<td height="20" style="height: 15px; padding: 1px 1px 0px 17px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; width: 14.4067%;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp; </font>Shareholders of the Company</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 15px; width: 53.6724%;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; width: 6.12053%;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>41.1</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; width: 0.564972%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; width: 5.83804%;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>108.6</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; width: 0.564972%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; width: 5.83804%;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>160.9</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 15px; text-align: right; width: 0.659134%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; width: 5.55556%;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>201.9</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; width: 0.564972%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; width: 6.12053%;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>342.3</font></td>
</tr>
<tr style="height: 15px; background-color: #cceeff;">
<td height="20" style="height: 15px; padding: 1px 1px 0px 17px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; background: #cceeff; width: 14.4067%;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp; </font>Non-controlling interests in subsidiaries</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 15px; width: 53.6724%;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff; width: 6.12053%;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>9.0</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff; width: 0.564972%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff; width: 5.83804%;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>12.1</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff; width: 0.564972%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff; width: 5.83804%;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>8.0</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff; width: 0.659134%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff; width: 5.55556%;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>17.0</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff; width: 0.564972%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff; width: 6.12053%;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>21.0</font></td>
</tr>
<tr style="height: 15px;">
<td height="20" style="height: 15px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; width: 14.4067%;"><font style="font-family: 'times new roman', times; font-size: 9pt;">Adjusted EBITDA</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 15px; width: 53.6724%;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 15px; text-align: right; border-bottom: 1pt solid #000000 !important; width: 6.12053%;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>611.0</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 15px; text-align: right; width: 0.564972%;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 15px; text-align: right; border-bottom: 1pt solid #000000 !important; width: 5.83804%;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>677.2</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 15px; text-align: right; width: 0.564972%;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 15px; text-align: right; border-bottom: 1pt solid #000000 !important; width: 5.83804%;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>879.8</font></td>
<td style="border-left: none; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; border-image: initial; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 15px; text-align: right; border-top: 1pt solid #bfbfbf !important; border-right: 1pt solid #bfbfbf !important; border-bottom: 1pt solid #bfbfbf !important; width: 0.659134%;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 15px; text-align: right; border-bottom: 1pt solid #000000 !important; width: 5.55556%;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp; </font>1,490.9</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 15px; text-align: right; width: 0.564972%;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 15px; text-align: right; border-bottom: 1pt solid #000000 !important; width: 6.12053%;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,459.5</font></td>
</tr>
<tr style="height: 15px; background-color: #cceeff;">
<td height="20" style="height: 15px; padding: 1px 1px 0px 17px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; background: #cceeff; width: 14.4067%;"><font style="font-family: 'times new roman', times; font-size: 9pt;">Depreciation and amortization&#185;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 15px; width: 53.6724%;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff; width: 6.12053%;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>381.4</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff; width: 0.564972%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff; width: 5.83804%;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>375.5</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff; width: 0.564972%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff; width: 5.83804%;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>386.6</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff; width: 0.659134%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff; width: 5.55556%;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>768.0</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff; width: 0.564972%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff; width: 6.12053%;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>747.9</font></td>
</tr>
<tr style="height: 15px;">
<td height="20" style="height: 15px; padding: 1px 1px 0px 17px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; width: 14.4067%;"><font style="font-family: 'times new roman', times; font-size: 9pt;">Cash flow hedge bonds</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Arial; vertical-align: bottom; white-space: nowrap; height: 15px; width: 53.6724%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; width: 6.12053%;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>43.1</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; width: 0.564972%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; width: 5.83804%;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>-<font style="mso-spacerun: yes;">&nbsp;&nbsp; </font></font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; width: 0.564972%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; width: 5.83804%;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>19.6</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 15px; text-align: right; width: 0.659134%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 15px; width: 5.55556%;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;</font>-<font style="mso-spacerun: yes;">&nbsp;</font></font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 15px; width: 0.564972%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; width: 6.12053%;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>-<font style="mso-spacerun: yes;">&nbsp;&nbsp; </font></font></td>
</tr>
<tr style="height: 15px; background-color: #cceeff;">
<td height="20" style="height: 15px; padding: 1px 1px 0px 17px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; background: #cceeff; width: 14.4067%;"><font style="font-family: 'times new roman', times; font-size: 9pt;">Total investments&#178;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 15px; width: 53.6724%;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff; width: 6.12053%;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>360.8</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff; width: 0.564972%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff; width: 5.83804%;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>335.8</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff; width: 0.564972%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff; width: 5.83804%;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>350.1</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff; width: 0.659134%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff; width: 5.55556%;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>710.9</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff; width: 0.564972%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff; width: 6.12053%;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>603.6</font></td>
</tr>
<tr style="height: 15px;">
<td height="20" style="height: 15px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; width: 14.4067%;"><font style="font-family: 'times new roman', times; font-size: 9pt;">RATIOS</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; width: 53.6724%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; width: 6.12053%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; width: 0.564972%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; width: 5.83804%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; width: 0.564972%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; width: 5.83804%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 15px; text-align: right; width: 0.659134%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 15px; width: 5.55556%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 15px; width: 0.564972%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; width: 6.12053%;"></td>
</tr>
<tr style="height: 15px; background-color: #cceeff;">
<td height="20" style="height: 15px; padding: 1px 1px 0px 17px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; background: #cceeff; width: 14.4067%;"><font style="font-family: 'times new roman', times; font-size: 9pt;">Earnings per share - R$</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 15px; width: 53.6724%;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff; width: 6.12053%;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>0.04</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff; width: 0.564972%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff; width: 5.83804%;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>0.10</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff; width: 0.564972%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff; width: 5.83804%;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>0.15</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff; width: 0.659134%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff; width: 5.55556%;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>0.19</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff; width: 0.564972%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff; width: 6.12053%;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>0.32</font></td>
</tr>
<tr style="height: 15px;">
<td height="20" style="height: 15px; padding: 1px 1px 0px 17px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; width: 14.4067%;"><font style="font-family: 'times new roman', times; font-size: 9pt;">Net debt / Stockholders' equity</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 15px; width: 53.6724%;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; width: 6.12053%;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>0.98</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; width: 0.564972%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; width: 5.83804%;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>0.81</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; width: 0.564972%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; width: 5.83804%;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1.02</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 15px; text-align: right; width: 0.659134%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; width: 5.55556%;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>0.98</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; width: 0.564972%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; width: 6.12053%;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>0.81</font></td>
</tr>
<tr style="height: 15px; background-color: #cceeff;">
<td height="20" style="height: 15px; padding: 1px 1px 0px 17px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; background: #cceeff; width: 14.4067%;"><font style="font-family: 'times new roman', times; font-size: 9pt;">Net debt / LTM Adjusted EBITDA&#179; (ex-IFRS16)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 15px; width: 53.6724%;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff; width: 6.12053%;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>3.07</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff; width: 0.564972%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff; width: 5.83804%;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>2.60</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff; width: 0.564972%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff; width: 5.83804%;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>3.12</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff; width: 0.659134%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff; width: 5.55556%;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>3.07</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff; width: 0.564972%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff; width: 6.12053%;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>2.60</font></td>
</tr>
<tr style="height: 15px;">
<td height="20" style="height: 15px; padding: 1px 1px 0px 17px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; width: 14.4067%;"><font style="font-family: 'times new roman', times; font-size: 9pt;">Net debt / LTM Adjusted EBITDA&#179;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 15px; width: 53.6724%;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; width: 6.12053%;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>3.24</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; width: 0.564972%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 15px; width: 5.83804%;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;</font>n/a<font style="mso-spacerun: yes;">&nbsp;</font></font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 15px; width: 0.564972%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; width: 5.83804%;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>3.27</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 15px; text-align: right; width: 0.659134%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; width: 5.55556%;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>3.24</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; width: 0.564972%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 15px; width: 6.12053%;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;</font>n/a<font style="mso-spacerun: yes;">&nbsp;</font></font></td>
</tr>
<tr style="height: 15px; background-color: #cceeff;">
<td height="20" style="height: 15px; padding: 1px 1px 0px 17px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; background: #cceeff; width: 14.4067%;"><font style="font-family: 'times new roman', times; font-size: 9pt;">Net interest expense / Adjusted EBITDA</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 15px; width: 53.6724%;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 15px; background-color: #cceeff; width: 6.12053%;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>0.13</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 15px; background-color: #cceeff; width: 0.564972%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 15px; background-color: #cceeff; width: 5.83804%;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>0.14</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 15px; background-color: #cceeff; width: 0.564972%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 15px; background-color: #cceeff; width: 5.83804%;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>0.19</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 15px; background-color: #cceeff; width: 0.659134%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 15px; background-color: #cceeff; width: 5.55556%;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>0.17</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 15px; background-color: #cceeff; width: 0.564972%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 15px; background-color: #cceeff; width: 6.12053%;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>0.06</font></td>
</tr>
<tr style="height: 15px;">
<td height="20" style="height: 15px; padding: 1px 1px 0px 17px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; width: 14.4067%;"><font style="font-family: 'times new roman', times; font-size: 9pt;">Gross margin</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 15px; width: 53.6724%;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td align="right" style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; width: 6.12053%;"><font style="font-family: 'times new roman', times; font-size: 9pt;">6.6%</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; width: 0.564972%;"></td>
<td align="right" style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; width: 5.83804%;"><font style="font-family: 'times new roman', times; font-size: 9pt;">6.5%</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; width: 0.564972%;"></td>
<td align="right" style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; width: 5.83804%;"><font style="font-family: 'times new roman', times; font-size: 9pt;">6.6%</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 15px; text-align: right; width: 0.659134%;"></td>
<td align="right" style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; width: 5.55556%;"><font style="font-family: 'times new roman', times; font-size: 9pt;">6.6%</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; width: 0.564972%;"></td>
<td align="right" style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; width: 6.12053%;"><font style="font-family: 'times new roman', times; font-size: 9pt;">6.7%</font></td>
</tr>
<tr style="height: 15px; background-color: #cceeff;">
<td height="20" style="height: 15px; padding: 1px 1px 0px 17px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; background: #cceeff; width: 14.4067%;"><font style="font-family: 'times new roman', times; font-size: 9pt;">Operating margin</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 15px; width: 53.6724%;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td align="right" style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff; width: 6.12053%;"><font style="font-family: 'times new roman', times; font-size: 9pt;">1.3%</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff; width: 0.564972%;"></td>
<td align="right" style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff; width: 5.83804%;"><font style="font-family: 'times new roman', times; font-size: 9pt;">1.4%</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff; width: 0.564972%;"></td>
<td align="right" style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff; width: 5.83804%;"><font style="font-family: 'times new roman', times; font-size: 9pt;">2.3%</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff; width: 0.659134%;"></td>
<td align="right" style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff; width: 5.55556%;"><font style="font-family: 'times new roman', times; font-size: 9pt;">1.8%</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff; width: 0.564972%;"></td>
<td align="right" style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff; width: 6.12053%;"><font style="font-family: 'times new roman', times; font-size: 9pt;">1.7%</font></td>
</tr>
<tr style="height: 15px;">
<td height="20" style="height: 15px; padding: 1px 1px 0px 17px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; width: 14.4067%;"><font style="font-family: 'times new roman', times; font-size: 9pt;">Adjusted EBITDA margin</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 15px; width: 53.6724%;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></td>
<td align="right" style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; width: 6.12053%;"><font style="font-family: 'times new roman', times; font-size: 9pt;">3.8%</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; width: 0.564972%;"></td>
<td align="right" style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; width: 5.83804%;"><font style="font-family: 'times new roman', times; font-size: 9pt;">3.1%</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; width: 0.564972%;"></td>
<td align="right" style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; width: 5.83804%;"><font style="font-family: 'times new roman', times; font-size: 9pt;">4.1%</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 15px; text-align: right; width: 0.659134%;"></td>
<td align="right" style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; width: 5.55556%;"><font style="font-family: 'times new roman', times; font-size: 9pt;">4.0%</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; width: 0.564972%;"></td>
<td align="right" style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; width: 6.12053%;"><font style="font-family: 'times new roman', times; font-size: 9pt;">3.4%</font></td>
</tr>
<tr style="height: 15px; background-color: #cceeff;">
<td height="20" style="height: 15px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; background-color: #cceeff; width: 14.4067%;"><font style="font-family: 'times new roman', times; font-size: 9pt;">Number of employees</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; background-color: #cceeff; width: 53.6724%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff; width: 6.12053%;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>16,003</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff; width: 0.564972%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff; width: 5.83804%;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>16,916</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff; width: 0.564972%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff; width: 5.83804%;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>15,887</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff; width: 0.659134%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff; width: 5.55556%;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>16,003</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff; width: 0.564972%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff; width: 6.12053%;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>16,916</font></td>
</tr>
<tr style="height: 15px;">
<td height="20" style="height: 15px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; width: 14.4067%;"><br></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; width: 53.6724%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; width: 6.12053%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; width: 0.564972%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; width: 5.83804%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; width: 0.564972%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; width: 5.83804%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 15px; text-align: right; width: 0.659134%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 15px; width: 5.55556%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 15px; width: 0.564972%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; width: 6.12053%;"></td>
</tr>
<tr style="margin-left: 0.1px; height: 15px;">
<td height="20" style="height: 15px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 8pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; width: 14.4067%;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&#185; Includes amortization with contractual<br>assets with customers &#8211; exclusive rights</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Arial; vertical-align: bottom; white-space: nowrap; height: 15px; width: 53.6724%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Arial; vertical-align: bottom; white-space: nowrap; height: 15px; width: 6.12053%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Arial; vertical-align: bottom; white-space: nowrap; height: 15px; width: 0.564972%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Arial; vertical-align: bottom; white-space: nowrap; height: 15px; width: 5.83804%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Arial; vertical-align: bottom; white-space: nowrap; height: 15px; width: 0.564972%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Arial; vertical-align: bottom; white-space: nowrap; height: 15px; width: 5.83804%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Arial; vertical-align: bottom; border: none; white-space: nowrap; height: 15px; width: 0.659134%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Arial; vertical-align: bottom; white-space: nowrap; height: 15px; width: 5.55556%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Arial; vertical-align: bottom; white-space: nowrap; height: 15px; width: 0.564972%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Arial; vertical-align: bottom; white-space: nowrap; height: 15px; width: 6.12053%;"></td>
</tr>
<tr style="margin-left: 0.1px; height: 10px;">
<td height="40" style="height: 10px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 8pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; white-space: nowrap; margin-left: 0.1px; text-align: left; vertical-align: top; width: 14.4067%;">
<p><font style="font-family: 'times new roman', times; font-size: 9pt;">&#178; Includes property, plant and equipment<br>and additions to intangible assets, contractual<br>assets with customers (exclusive rights),<br>initial direct costs of</font></p>
<p><font style="font-family: 'times new roman', times; font-size: 9pt;">assets with right of use, financing of clients<br>and rental advances (net of repayments)<br>and acquisition of shareholdings</font></p>
</td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 8pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: top; white-space: nowrap; text-align: left; height: 10px; width: 53.6724%;"><br></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 8pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: top; white-space: nowrap; text-align: left; height: 10px; width: 6.12053%;"><br></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 8pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: top; white-space: nowrap; text-align: left; height: 10px; width: 0.564972%;"><br></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 8pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: top; white-space: nowrap; text-align: left; height: 10px; width: 5.83804%;"><br></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 8pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: top; white-space: nowrap; text-align: left; height: 10px; width: 0.564972%;"><br></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 8pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: top; white-space: nowrap; text-align: left; height: 10px; width: 5.83804%;"><br></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 8pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: top; border: none; white-space: nowrap; text-align: left; height: 10px; width: 0.659134%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Arial, sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 10px; width: 5.55556%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Arial, sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 10px; width: 0.564972%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Arial, sans-serif; vertical-align: bottom; white-space: nowrap; height: 10px; width: 6.12053%;"></td>
</tr>
<tr style="margin-left: 0.1px; height: 15px;">
<td height="20" style="height: 15px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 8pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 14.4067%;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&#179; LTM adjusted EBITDA does not consider<br>impairment of Extrafarma for 1Q20 and 2Q20</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 8pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 15px; width: 53.6724%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 8pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 15px; width: 6.12053%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 8pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 15px; width: 0.564972%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 8pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 15px; width: 5.83804%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 8pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 15px; width: 0.564972%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 8pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; width: 5.83804%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 8pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; width: 0.659134%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Arial; vertical-align: bottom; white-space: nowrap; height: 15px; width: 5.55556%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Arial; vertical-align: bottom; white-space: nowrap; height: 15px; width: 0.564972%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Arial; vertical-align: bottom; white-space: nowrap; height: 15px; width: 6.12053%;"><br></td>
</tr>

</table>
<div><br>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>142</font></font></td>
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</table>
<hr style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<table style="width: 100%; margin-left: 0.1px; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td style="width: 50%;">
<p style="margin: 0in 0in 0.0001pt; font-size: 10pt; font-family: 'Century Gothic', sans-serif; color: #000000;"><font style="font-size: 14.0pt; mso-bidi-font-size: 9.5pt; font-family: 'Open Sans','sans-serif'; color: #051272; mso-themecolor: accent1;"><font style="mso-spacerun: yes;">&nbsp;</font></font><font style="font-size: 14.0pt; mso-bidi-font-size: 9.5pt; font-family: 'Open Sans','sans-serif'; color: #051272; mso-themecolor: accent1; mso-ansi-language: EN-US;">2<sup>nd</sup> QUARTER 2020</font><font style="mso-ansi-language: EN-US;"></font></p>
</td>
<td style="width: 50%; text-align: right;"><img src="imggwtclx25ztv05523320.jpg" alt="Graphics"></td>
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</table>
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'Century Gothic'; font-size: 10pt;"> </font><br></p>
<table border="0" cellpadding="0" cellspacing="0" width="100%" style="border-collapse: collapse; width: 100%; margin: 0px; height: 1192px; text-indent: 0px; font-family: 'times new roman'; font-size: 10pt;">

<tr style="height: 15px;">
<td height="20" style="height: 15px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: middle; white-space: nowrap; text-align: left; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; width: 77.9648%;"><font style="text-decoration: underline; font-size: 8pt;"><font style="font-family: 'times new roman', times;">In million of Reais</font></font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 11pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: center; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 15px; width: 1.07116%;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: middle; white-space: nowrap; text-align: center; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 15px; border-bottom: 1pt solid #000000 !important; width: 9.94644%;"><font style="font-family: 'times new roman', times; font-size: 8pt;">JAN - JUN</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: middle; white-space: nowrap; text-align: center; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 15px; width: 0.994644%;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: middle; white-space: nowrap; text-align: center; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 15px; border-bottom: 1pt solid #000000 !important; width: 9.94644%;"><font style="font-family: 'times new roman', times; font-size: 8pt;">JAN - JUN</font></td>
</tr>
<tr style="height: 15px;">
<td height="20" style="height: 15px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 11pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: middle; white-space: nowrap; width: 77.9648%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 11pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 15px; width: 1.07116%;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: center; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 15px; width: 9.94644%;"><font style="font-family: 'times new roman', times; font-size: 8pt;">2020</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: center; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 15px; width: 0.994644%;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: center; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 15px; width: 9.94644%;"><font style="font-family: 'times new roman', times; font-size: 8pt;">2019</font></td>
</tr>
<tr style="height: 15px; background-color: #cceeff;">
<td height="20" style="height: 15px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: middle; white-space: nowrap; width: 77.9648%; background-color: #cceeff;"><font style="font-family: 'times new roman', times;">Cash flows from operating activities</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 15px; width: 1.07116%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 15px; width: 9.94644%; background-color: #cceeff;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 15px; width: 0.994644%; background-color: #cceeff;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 15px; width: 9.94644%; background-color: #cceeff;"></td>
</tr>
<tr style="height: 15px;">
<td height="20" style="height: 15px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: middle; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; width: 77.9648%;"><font style="font-family: 'times new roman', times;">Net income for the period</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 15px; width: 1.07116%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 15px; text-align: right; width: 9.94644%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp; </font>218.9</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 15px; text-align: right; width: 0.994644%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 15px; text-align: right; width: 9.94644%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp; </font>363.3</font></td>
</tr>
<tr style="height: 15px; background-color: #cceeff;">
<td height="20" style="height: 15px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: middle; white-space: nowrap; background-color: #cceeff; width: 77.9648%;"><font style="font-family: 'times new roman', times;">Adjustments to reconcile net income to cash provided by operating activities</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; background: #cceeff; height: 15px; width: 1.07116%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff; width: 9.94644%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff; width: 0.994644%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff; width: 9.94644%;"></td>
</tr>
<tr style="height: 15px;">
<td height="20" style="height: 15px; padding: 1px 1px 0px 20px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: middle; white-space: nowrap; text-align: left; width: 77.9648%;"><font style="font-family: 'times new roman', times;">Share of loss (profit) of subsidiaries, joint ventures and associates</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 15px; width: 1.07116%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; width: 9.94644%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>25.7</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; width: 0.994644%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; width: 9.94644%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>10.0</font></td>
</tr>
<tr style="height: 15px; background-color: #cceeff;">
<td height="20" style="height: 15px; padding: 1px 1px 0px 20px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: middle; white-space: nowrap; text-align: left; background-color: #cceeff; width: 77.9648%;"><font style="font-family: 'times new roman', times;">Amortization of contractual assets with customers - exclusive rights</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; background: #cceeff; height: 15px; width: 1.07116%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff; width: 9.94644%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp; </font>150.9</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff; width: 0.994644%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff; width: 9.94644%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp; </font>177.8</font></td>
</tr>
<tr style="height: 15px;">
<td height="20" style="height: 15px; padding: 1px 1px 0px 20px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: middle; white-space: nowrap; text-align: left; width: 77.9648%;"><font style="font-family: 'times new roman', times;">Amortization of right to use assets</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 15px; width: 1.07116%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; width: 9.94644%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp; </font>158.6</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; width: 0.994644%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; width: 9.94644%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp; </font>153.3</font></td>
</tr>
<tr style="height: 15px; background-color: #cceeff;">
<td height="20" style="height: 15px; padding: 1px 1px 0px 20px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: middle; white-space: nowrap; text-align: left; background-color: #cceeff; width: 77.9648%;"><font style="font-family: 'times new roman', times;">Depreciation and amortization</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; background: #cceeff; height: 15px; width: 1.07116%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff; width: 9.94644%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp; </font>458.5</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff; width: 0.994644%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff; width: 9.94644%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp; </font>416.9</font></td>
</tr>
<tr style="height: 15px;">
<td height="20" style="height: 15px; padding: 1px 1px 0px 20px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: middle; white-space: nowrap; text-align: left; width: 77.9648%;"><font style="font-family: 'times new roman', times;">PIS and COFINS credits on depreciation</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 15px; width: 1.07116%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; width: 9.94644%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>8.8</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; width: 0.994644%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; width: 9.94644%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>7.3</font></td>
</tr>
<tr style="height: 15px; background-color: #cceeff;">
<td height="20" style="height: 15px; padding: 1px 1px 0px 20px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: middle; white-space: nowrap; text-align: left; background-color: #cceeff; width: 77.9648%;"><font style="font-family: 'times new roman', times;">Interest and foreign exchange rate variations</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; background: #cceeff; height: 15px; width: 1.07116%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff; width: 9.94644%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp; </font>614.5</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff; width: 0.994644%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff; width: 9.94644%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp; </font>547.8</font></td>
</tr>
<tr style="height: 15px;">
<td height="20" style="height: 15px; padding: 1px 1px 0px 20px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: middle; white-space: nowrap; text-align: left; width: 77.9648%;"><font style="font-family: 'times new roman', times;">Deferred income and social contribution taxes</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 15px; width: 1.07116%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; width: 9.94644%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(26.3)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; width: 0.994644%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; width: 9.94644%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(2.6)</font></td>
</tr>
<tr style="height: 15px; background-color: #cceeff;">
<td height="20" style="height: 15px; padding: 1px 1px 0px 20px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: middle; white-space: nowrap; text-align: left; background-color: #cceeff; width: 77.9648%;"><font style="font-family: 'times new roman', times;">(Gain) loss on disposal of property, plant and equipment and intangibles</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; background: #cceeff; height: 15px; width: 1.07116%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff; width: 9.94644%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(20.9)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff; width: 0.994644%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff; width: 9.94644%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1.1</font></td>
</tr>
<tr style="height: 15px;">
<td height="20" style="height: 15px; padding: 1px 1px 0px 20px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: middle; white-space: nowrap; text-align: left; width: 77.9648%;"><font style="font-family: 'times new roman', times;">Estimated losses on doubtful accounts</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 15px; width: 1.07116%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; width: 9.94644%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>56.5</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; width: 0.994644%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; width: 9.94644%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>65.6</font></td>
</tr>
<tr style="height: 15px; background-color: #cceeff;">
<td height="20" style="height: 15px; padding: 1px 1px 0px 20px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: middle; white-space: nowrap; text-align: left; background-color: #cceeff; width: 77.9648%;"><font style="font-family: 'times new roman', times;">Provision for losses in inventories</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; background: #cceeff; height: 15px; width: 1.07116%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff; width: 9.94644%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(1.8)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff; width: 0.994644%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff; width: 9.94644%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>13.3</font></td>
</tr>
<tr style="height: 15px; margin-left: 0.1px;">
<td height="20" style="height: 15px; padding: 1px 1px 0px 20px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: middle; white-space: nowrap; text-align: left; width: 77.9648%;"><font style="font-family: 'times new roman', times;">Provision for post-employment benefits</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 15px; width: 1.07116%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; width: 9.94644%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(2.9)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; width: 0.994644%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; width: 9.94644%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(3.3)</font></td>
</tr>
<tr style="height: 15px; background-color: #cceeff;">
<td height="20" style="height: 15px; padding: 1px 1px 0px 20px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: middle; white-space: nowrap; text-align: left; background-color: #cceeff; width: 77.9648%;"><font style="font-family: 'times new roman', times;">Equity instrument granted</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; background: #cceeff; height: 15px; width: 1.07116%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff; width: 9.94644%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>3.5</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff; width: 0.994644%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff; width: 9.94644%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>3.2</font></td>
</tr>
<tr style="height: 15px;">
<td height="20" style="height: 15px; padding: 1px 1px 0px 20px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: middle; white-space: nowrap; text-align: left; width: 77.9648%;"><font style="font-family: 'times new roman', times;">Other provisions and adjustments</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 15px; width: 1.07116%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; width: 9.94644%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(2.2)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; width: 0.994644%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; width: 9.94644%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>2.4</font></td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: middle; white-space: nowrap; height: 17px; background-color: #cceeff; width: 77.9648%;"><br></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; background: #cceeff; height: 17px; width: 1.07116%;"><br></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 17px; background-color: #cceeff; border-bottom: 1pt solid #000000 !important; width: 9.94644%;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">1,641.8</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 17px; background-color: #cceeff; width: 0.994644%;"><br></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 17px; background-color: #cceeff; border-bottom: 1pt solid #000000 !important; width: 9.94644%;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">1,756.2</font></td>
</tr>
<tr style="height: 15px;">
<td height="20" style="height: 15px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: middle; white-space: nowrap; width: 77.9648%;"><font style="font-family: 'times new roman', times;">(Increase) decrease in current assets</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 15px; width: 1.07116%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; width: 9.94644%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; width: 0.994644%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; width: 9.94644%;"></td>
</tr>
<tr style="height: 15px; background-color: #cceeff;">
<td height="20" style="height: 15px; padding: 1px 1px 0px 20px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: middle; white-space: nowrap; text-align: left; background-color: #cceeff; width: 77.9648%;"><font style="font-family: 'times new roman', times;">Trade receivables and reseller financing</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; background: #cceeff; height: 15px; width: 1.07116%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff; width: 9.94644%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp; </font>517.6</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff; width: 0.994644%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff; width: 9.94644%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp; </font>155.4</font></td>
</tr>
<tr style="height: 15px;">
<td height="20" style="height: 15px; padding: 1px 1px 0px 20px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: middle; white-space: nowrap; text-align: left; width: 77.9648%;"><font style="font-family: 'times new roman', times;">Inventories</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 15px; width: 1.07116%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; width: 9.94644%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp; </font>752.6</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; width: 0.994644%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; width: 9.94644%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>77.3</font></td>
</tr>
<tr style="height: 15px; background-color: #cceeff;">
<td height="20" style="height: 15px; padding: 1px 1px 0px 20px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: middle; white-space: nowrap; text-align: left; background-color: #cceeff; width: 77.9648%;"><font style="font-family: 'times new roman', times;">Recoverable taxes</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; background: #cceeff; height: 15px; width: 1.07116%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff; width: 9.94644%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(28.4)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff; width: 0.994644%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff; width: 9.94644%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp; </font>(138.9)</font></td>
</tr>
<tr style="height: 15px;">
<td height="20" style="height: 15px; padding: 1px 1px 0px 20px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: middle; white-space: nowrap; text-align: left; width: 77.9648%;"><font style="font-family: 'times new roman', times;">Dividends received from subsidiaries and joint-ventures</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 15px; width: 1.07116%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; width: 9.94644%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>4.7</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; width: 0.994644%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; width: 9.94644%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>3.7</font></td>
</tr>
<tr style="height: 15px; background-color: #cceeff;">
<td height="20" style="height: 15px; padding: 1px 1px 0px 20px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: middle; white-space: nowrap; text-align: left; background-color: #cceeff; width: 77.9648%;"><font style="font-family: 'times new roman', times;">Insurance and other receivables</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; background: #cceeff; height: 15px; width: 1.07116%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff; width: 9.94644%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(49.8)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff; width: 0.994644%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff; width: 9.94644%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(28.2)</font></td>
</tr>
<tr style="height: 15px;">
<td height="20" style="height: 15px; padding: 1px 1px 0px 20px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: middle; white-space: nowrap; text-align: left; width: 77.9648%;"><font style="font-family: 'times new roman', times;">Prepaid expenses</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 15px; width: 1.07116%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; width: 9.94644%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(74.3)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; width: 0.994644%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; width: 9.94644%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(13.6)</font></td>
</tr>
<tr style="height: 15px; background-color: #cceeff;">
<td height="20" style="height: 15px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: middle; white-space: nowrap; background-color: #cceeff; width: 77.9648%;"><font style="font-family: 'times new roman', times;">Increase (decrease) in current liabilities</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; background: #cceeff; height: 15px; width: 1.07116%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #ff0000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff; width: 9.94644%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #ff0000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff; width: 0.994644%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #ff0000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff; width: 9.94644%;"></td>
</tr>
<tr style="height: 15px;">
<td height="20" style="height: 15px; padding: 1px 1px 0px 20px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: middle; white-space: nowrap; text-align: left; width: 77.9648%;"><font style="font-family: 'times new roman', times;">Trade payables</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 15px; width: 1.07116%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; width: 9.94644%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp; </font>(218.0)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; width: 0.994644%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; width: 9.94644%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp; </font>(225.4)</font></td>
</tr>
<tr style="height: 15px; background-color: #cceeff;">
<td height="20" style="height: 15px; padding: 1px 1px 0px 20px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: middle; white-space: nowrap; text-align: left; background-color: #cceeff; width: 77.9648%;"><font style="font-family: 'times new roman', times;">Salaries and related charges</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; background: #cceeff; height: 15px; width: 1.07116%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff; width: 9.94644%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>33.4</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff; width: 0.994644%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff; width: 9.94644%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(58.9)</font></td>
</tr>
<tr style="height: 15px;">
<td height="20" style="height: 15px; padding: 1px 1px 0px 20px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: middle; white-space: nowrap; text-align: left; width: 77.9648%;"><font style="font-family: 'times new roman', times;">Taxes payable</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 15px; width: 1.07116%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; width: 9.94644%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(39.0)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; width: 0.994644%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; width: 9.94644%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(38.8)</font></td>
</tr>
<tr style="height: 15px; background-color: #cceeff;">
<td height="20" style="height: 15px; padding: 1px 1px 0px 20px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: middle; white-space: nowrap; text-align: left; background-color: #cceeff; width: 77.9648%;"><font style="font-family: 'times new roman', times;">Income and social contribution taxes</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; background: #cceeff; height: 15px; width: 1.07116%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff; width: 9.94644%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(20.9)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff; width: 0.994644%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff; width: 9.94644%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp; </font>122.9</font></td>
</tr>
<tr style="height: 15px;">
<td height="20" style="height: 15px; padding: 1px 1px 0px 20px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: middle; white-space: nowrap; text-align: left; width: 77.9648%;"><font style="font-family: 'times new roman', times;">Post-employment benefits</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 15px; width: 1.07116%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; width: 9.94644%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>0.8</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; width: 0.994644%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; width: 9.94644%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(2.5)</font></td>
</tr>
<tr style="height: 15px; background-color: #cceeff;">
<td height="20" style="height: 15px; padding: 1px 1px 0px 20px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: middle; white-space: nowrap; text-align: left; background-color: #cceeff; width: 77.9648%;"><font style="font-family: 'times new roman', times;">Provision for tax, civil, and labor risks</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; background: #cceeff; height: 15px; width: 1.07116%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff; width: 9.94644%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1.6</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff; width: 0.994644%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff; width: 9.94644%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>13.6</font></td>
</tr>
<tr style="height: 15px;">
<td height="20" style="height: 15px; padding: 1px 1px 0px 20px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: middle; white-space: nowrap; text-align: left; width: 77.9648%;"><font style="font-family: 'times new roman', times;">Insurance and other payables</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 15px; width: 1.07116%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; width: 9.94644%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>20.1</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; width: 0.994644%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; width: 9.94644%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>64.4</font></td>
</tr>
<tr style="height: 15px; background-color: #cceeff;">
<td height="20" style="height: 15px; padding: 1px 1px 0px 20px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: middle; white-space: nowrap; text-align: left; background-color: #cceeff; width: 77.9648%;"><font style="font-family: 'times new roman', times;">Deferred revenue</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; background: #cceeff; height: 15px; width: 1.07116%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff; width: 9.94644%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(1.2)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff; width: 0.994644%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff; width: 9.94644%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>9.7</font></td>
</tr>
<tr style="height: 15px;">
<td height="20" style="height: 15px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: middle; white-space: nowrap; width: 77.9648%;"><font style="font-family: 'times new roman', times;">(Increase) decrease in non-current assets</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 15px; width: 1.07116%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #ff0000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; width: 9.94644%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #ff0000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; width: 0.994644%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #ff0000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; width: 9.94644%;"></td>
</tr>
<tr style="height: 15px; background-color: #cceeff;">
<td height="20" style="height: 15px; padding: 1px 1px 0px 20px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: middle; white-space: nowrap; text-align: left; background-color: #cceeff; width: 77.9648%;"><font style="font-family: 'times new roman', times;">Trade receivables and reseller financing</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; background: #cceeff; height: 15px; width: 1.07116%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff; width: 9.94644%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(52.3)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff; width: 0.994644%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff; width: 9.94644%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>54.7</font></td>
</tr>
<tr style="height: 15px;">
<td height="20" style="height: 15px; padding: 1px 1px 0px 20px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: middle; white-space: nowrap; text-align: left; width: 77.9648%;"><font style="font-family: 'times new roman', times;">Recoverable taxes</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 15px; width: 1.07116%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; width: 9.94644%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp; </font>(276.8)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; width: 0.994644%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; width: 9.94644%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>15.4</font></td>
</tr>
<tr style="height: 15px; background-color: #cceeff;">
<td height="20" style="height: 15px; padding: 1px 1px 0px 20px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: middle; white-space: nowrap; text-align: left; background-color: #cceeff; width: 77.9648%;"><font style="font-family: 'times new roman', times;">Escrow deposits</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; background: #cceeff; height: 15px; width: 1.07116%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff; width: 9.94644%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(28.3)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff; width: 0.994644%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff; width: 9.94644%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(31.0)</font></td>
</tr>
<tr style="height: 15px;">
<td height="20" style="height: 15px; padding: 1px 1px 0px 20px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: middle; white-space: nowrap; text-align: left; width: 77.9648%;"><font style="font-family: 'times new roman', times;">Other receivables</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 15px; width: 1.07116%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; width: 9.94644%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>0.2</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; width: 0.994644%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; width: 9.94644%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(0.0)</font></td>
</tr>
<tr style="height: 15px; background-color: #cceeff;">
<td height="20" style="height: 15px; padding: 1px 1px 0px 20px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: middle; white-space: nowrap; text-align: left; background-color: #cceeff; width: 77.9648%;"><font style="font-family: 'times new roman', times;">Prepaid expenses</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; background: #cceeff; height: 15px; width: 1.07116%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff; width: 9.94644%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(14.6)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff; width: 0.994644%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff; width: 9.94644%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(18.5)</font></td>
</tr>
<tr style="height: 15px;">
<td height="20" style="height: 15px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: middle; white-space: nowrap; width: 77.9648%;"><font style="font-family: 'times new roman', times;">Increase (decrease) in non-current liabilities</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 15px; width: 1.07116%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #ff0000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; width: 9.94644%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #ff0000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; width: 0.994644%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #ff0000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; width: 9.94644%;"></td>
</tr>
<tr style="height: 15px; background-color: #cceeff;">
<td height="20" style="height: 15px; padding: 1px 1px 0px 20px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: middle; white-space: nowrap; text-align: left; background-color: #cceeff; width: 77.9648%;"><font style="font-family: 'times new roman', times;">Post-employment benefits</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; background: #cceeff; height: 15px; width: 1.07116%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff; width: 9.94644%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>6.0</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff; width: 0.994644%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff; width: 9.94644%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1.8</font></td>
</tr>
<tr style="height: 15px;">
<td height="20" style="height: 15px; padding: 1px 1px 0px 20px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: middle; white-space: nowrap; text-align: left; width: 77.9648%;"><font style="font-family: 'times new roman', times;">Provision for tax, civil, and labor risks</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 15px; width: 1.07116%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; width: 9.94644%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(37.4)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; width: 0.994644%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; width: 9.94644%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(16.4)</font></td>
</tr>
<tr style="height: 15px; background-color: #cceeff;">
<td height="20" style="height: 15px; padding: 1px 1px 0px 20px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: middle; white-space: nowrap; text-align: left; background-color: #cceeff; width: 77.9648%;"><font style="font-family: 'times new roman', times;">Other payables</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; background: #cceeff; height: 15px; width: 1.07116%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff; width: 9.94644%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(40.2)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff; width: 0.994644%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff; width: 9.94644%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>32.5</font></td>
</tr>
<tr style="height: 15px;">
<td height="20" style="height: 15px; padding: 1px 1px 0px 20px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: middle; white-space: nowrap; text-align: left; width: 77.9648%;"><font style="font-family: 'times new roman', times;">Deferred revenue</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 15px; width: 1.07116%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; width: 9.94644%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>-<font style="mso-spacerun: yes;">&nbsp;&nbsp; </font></font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; width: 0.994644%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; width: 9.94644%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(2.1)</font></td>
</tr>
<tr style="height: 15px; background-color: #cceeff;">
<td height="20" style="height: 15px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: middle; white-space: nowrap; background-color: #cceeff; width: 77.9648%;"><font style="font-family: 'times new roman', times;">Payments of contractual assets with customers - exclusive rights</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; background: #cceeff; height: 15px; width: 1.07116%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff; width: 9.94644%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp; </font>(236.6)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff; width: 0.994644%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff; width: 9.94644%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp; </font>(126.3)</font></td>
</tr>
<tr style="height: 15px;">
<td height="20" style="height: 15px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: middle; white-space: nowrap; width: 77.9648%;"><font style="font-family: 'times new roman', times;">Income and social contribution taxes paid</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 15px; width: 1.07116%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; width: 9.94644%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(58.1)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; width: 0.994644%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; width: 9.94644%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(79.8)</font></td>
</tr>
<tr style="height: 15px; background-color: #cceeff;">
<td height="20" style="height: 15px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; width: 77.9648%;"><font style="font-family: 'times new roman', times;">Net cash provided by operating activities</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; background: #cceeff; height: 15px; width: 1.07116%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 15px; text-align: right; border-bottom: 1pt solid #000000 !important; border-top: 1pt solid #000000 !important; width: 9.94644%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp; </font>1,802.8</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 15px; text-align: right; width: 0.994644%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 15px; text-align: right; border-bottom: 1pt solid #000000 !important; border-top: 1pt solid #000000 !important; width: 9.94644%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp; </font>1,527.2</font></td>
</tr>
<tr style="height: 15px;">
<td height="20" style="height: 15px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; width: 77.9648%;"><font style="font-family: 'times new roman', times;">Cash flows from investing activities</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 15px; width: 1.07116%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; width: 9.94644%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; width: 0.994644%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; width: 9.94644%;"></td>
</tr>
<tr style="height: 15px; background-color: #cceeff;">
<td height="20" style="height: 15px; padding: 1px 1px 0px 20px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: middle; white-space: nowrap; text-align: left; background-color: #cceeff; width: 77.9648%;"><font style="mso-spacerun: yes; font-family: 'times new roman', times; ;font-style: normal; ;text-decoration: none; ;font-weight: normal; ;color: black;">Financial investments, net of redemptions</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 15px; width: 1.07116%;"><font style="mso-spacerun: yes; font-family: 'times new roman', times; ;font-style: normal; ;text-decoration: none; ;font-weight: normal; ;color: black;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff; width: 9.94644%;"><font style="mso-spacerun: yes; font-family: 'times new roman', times; ;font-style: normal; ;text-decoration: none; ;font-weight: normal; ;color: black;"><font>&nbsp;&nbsp;&nbsp;&nbsp; </font>312.1</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff; width: 0.994644%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff; width: 9.94644%;"><font style="mso-spacerun: yes; font-family: 'times new roman', times; ;font-style: normal; ;text-decoration: none; ;font-weight: normal; ;color: black;"><font>&nbsp;&nbsp;&nbsp; </font>(488.3)</font></td>
</tr>
<tr style="height: 15px;">
<td height="20" style="height: 15px; padding: 1px 1px 0px 20px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: middle; white-space: nowrap; text-align: left; width: 77.9648%;"><font style="font-family: 'times new roman', times;">Cash and cash equivalents of subsidiary acquired</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 15px; width: 1.07116%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; width: 9.94644%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>-<font style="mso-spacerun: yes;">&nbsp;&nbsp; </font></font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; width: 0.994644%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; width: 9.94644%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>-<font style="mso-spacerun: yes;">&nbsp;&nbsp; </font></font></td>
</tr>
<tr style="height: 15px; background-color: #cceeff;">
<td height="20" style="height: 15px; padding: 1px 1px 0px 20px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: middle; white-space: nowrap; text-align: left; background-color: #cceeff; width: 77.9648%;"><font style="font-family: 'times new roman', times;">Acquisition of property, plant, and equipment</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 15px; width: 1.07116%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff; width: 9.94644%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp; </font>(354.5)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff; width: 0.994644%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff; width: 9.94644%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp; </font>(424.8)</font></td>
</tr>
<tr style="height: 15px;">
<td height="20" style="height: 15px; padding: 1px 1px 0px 20px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: middle; white-space: nowrap; text-align: left; width: 77.9648%;"><font style="font-family: 'times new roman', times;">Acquisition of intangible assets</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 15px; width: 1.07116%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; width: 9.94644%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(78.6)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; width: 0.994644%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; width: 9.94644%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(47.1)</font></td>
</tr>
<tr style="height: 15px; background-color: #cceeff;">
<td height="20" style="height: 15px; padding: 1px 1px 0px 20px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: middle; white-space: nowrap; text-align: left; background-color: #cceeff; width: 77.9648%;"><font style="font-family: 'times new roman', times;">Acquisiton of companies</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 15px; width: 1.07116%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff; width: 9.94644%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>-<font style="mso-spacerun: yes;">&nbsp;&nbsp; </font></font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff; width: 0.994644%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff; width: 9.94644%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>-<font style="mso-spacerun: yes;">&nbsp;&nbsp; </font></font></td>
</tr>
<tr style="height: 15px;">
<td height="20" style="height: 15px; padding: 1px 1px 0px 20px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: middle; white-space: nowrap; text-align: left; width: 77.9648%;"><font style="font-family: 'times new roman', times;">Capital increase in joint ventures</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 15px; width: 1.07116%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; width: 9.94644%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(10.0)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; width: 0.994644%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; width: 9.94644%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(8.8)</font></td>
</tr>
<tr style="height: 15px; background-color: #cceeff;">
<td height="20" style="height: 15px; padding: 1px 1px 0px 20px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: middle; white-space: nowrap; text-align: left; background-color: #cceeff; width: 77.9648%;"><font style="font-family: 'times new roman', times;">Capital reduction in associates</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 15px; width: 1.07116%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff; width: 9.94644%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>-<font style="mso-spacerun: yes;">&nbsp;&nbsp; </font></font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff; width: 0.994644%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff; width: 9.94644%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>-<font style="mso-spacerun: yes;">&nbsp;&nbsp; </font></font></td>
</tr>
<tr style="height: 15px;">
<td height="20" style="height: 15px; padding: 1px 1px 0px 20px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: middle; white-space: nowrap; text-align: left; width: 77.9648%;"><font style="font-family: 'times new roman', times;">Initial upfront costs of entitlement assets<font style="mso-spacerun: yes;">&nbsp;</font></font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 15px; width: 1.07116%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; width: 9.94644%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>-<font style="mso-spacerun: yes;">&nbsp;&nbsp; </font></font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; width: 0.994644%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; width: 9.94644%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>-<font style="mso-spacerun: yes;">&nbsp;&nbsp; </font></font></td>
</tr>
<tr style="height: 15px; background-color: #cceeff;">
<td height="20" style="height: 15px; padding: 1px 1px 0px 20px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: middle; white-space: nowrap; text-align: left; background-color: #cceeff; width: 77.9648%;"><font style="font-family: 'times new roman', times;">Proceeds from disposal of property, plant and equipment and intangibles</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 15px; width: 1.07116%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff; width: 9.94644%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>49.4</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff; width: 0.994644%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff; width: 9.94644%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>15.3</font></td>
</tr>
<tr style="height: 15px;">
<td height="20" style="height: 15px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; width: 77.9648%;"><font style="font-family: 'times new roman', times;">Net cash used in investing activities</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 15px; width: 1.07116%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 15px; text-align: right; border-bottom: 1pt solid #000000 !important; border-top: 1pt solid #000000 !important; width: 9.94644%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(81.5)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 15px; text-align: right; width: 0.994644%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 15px; text-align: right; border-bottom: 1pt solid #000000 !important; border-top: 1pt solid #000000 !important; width: 9.94644%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp; </font>(953.6)</font></td>
</tr>
<tr style="height: 15px; background-color: #cceeff;">
<td height="20" style="height: 15px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-color: #cceeff; width: 77.9648%;"><font style="font-family: 'times new roman', times;">Cash flows from financing activities</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; background: #cceeff; height: 15px; width: 1.07116%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff; width: 9.94644%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff; width: 0.994644%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff; width: 9.94644%;"></td>
</tr>
<tr style="height: 15px;">
<td height="20" style="height: 15px; padding: 0px 1px 0px 15px; color: #404040; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: middle; white-space: nowrap; width: 77.9648%;"><font style="font-family: 'times new roman', times;">Loans and debentures</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 15px; width: 1.07116%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; width: 9.94644%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; width: 0.994644%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; width: 9.94644%;"></td>
</tr>
<tr style="height: 15px; background-color: #cceeff;">
<td height="20" style="height: 15px; padding: 1px 0px 0px 20px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: middle; white-space: nowrap; text-align: left; background-color: #cceeff; width: 77.9648%;"><font style="font-family: 'times new roman', times;">Proceeds</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; background: #cceeff; height: 15px; width: 1.07116%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff; width: 9.94644%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp; </font>1,611.2</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff; width: 0.994644%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff; width: 9.94644%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp; </font>1,998.0</font></td>
</tr>
<tr style="height: 15px;">
<td height="20" style="height: 15px; padding: 1px 0px 0px 20px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: middle; white-space: nowrap; text-align: left; width: 77.9648%;"><font style="font-family: 'times new roman', times;">Repayments</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 15px; width: 1.07116%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; width: 9.94644%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp; </font>(984.9)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; width: 0.994644%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; width: 9.94644%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp; </font>(2,063.9)</font></td>
</tr>
<tr style="height: 15px; background-color: #cceeff;">
<td height="20" style="height: 15px; padding: 1px 0px 0px 20px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: middle; white-space: nowrap; text-align: left; background-color: #cceeff; width: 77.9648%;"><font style="font-family: 'times new roman', times;">Interest paid</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; background: #cceeff; height: 15px; width: 1.07116%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff; width: 9.94644%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp; </font>(336.2)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff; width: 0.994644%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff; width: 9.94644%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp; </font>(1,003.3)</font></td>
</tr>
<tr style="height: 15px;">
<td height="20" style="height: 15px; padding: 1px 0px 0px 15px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: middle; white-space: nowrap; width: 77.9648%;"><font style="font-family: 'times new roman', times;">Payments of lease</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 15px; width: 1.07116%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; width: 9.94644%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp; </font>(172.3)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; width: 0.994644%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; width: 9.94644%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp; </font>(155.1)</font></td>
</tr>
<tr style="height: 15px; background-color: #cceeff;">
<td height="20" style="height: 15px; padding: 1px 0px 0px 15px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: middle; white-space: nowrap; background-color: #cceeff; width: 77.9648%;"><font style="font-family: 'times new roman', times;">Dividends paid</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; background: #cceeff; height: 15px; width: 1.07116%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff; width: 9.94644%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp; </font>(263.1)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff; width: 0.994644%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff; width: 9.94644%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp; </font>(380.6)</font></td>
</tr>
<tr style="height: 15px;">
<td height="20" style="height: 15px; padding: 1px 0px 0px 15px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: middle; white-space: nowrap; width: 77.9648%;"><font style="font-family: 'times new roman', times;">Redemption of non-controlling shares of Oxiteno Nordeste</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 15px; width: 1.07116%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; width: 9.94644%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>-<font style="mso-spacerun: yes;">&nbsp;&nbsp; </font></font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; width: 0.994644%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; width: 9.94644%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(2.2)</font></td>
</tr>
<tr style="height: 15px; background-color: #cceeff;">
<td height="20" style="height: 15px; padding: 1px 0px 0px 15px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: middle; white-space: nowrap; background-color: #cceeff; width: 77.9648%;"><font style="font-family: 'times new roman', times;">Capital increase from Iconic non-controlling shareholders</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; background: #cceeff; height: 15px; width: 1.07116%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff; width: 9.94644%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>-<font style="mso-spacerun: yes;">&nbsp;&nbsp; </font></font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff; width: 0.994644%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff; width: 9.94644%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>7.0</font></td>
</tr>
<tr style="height: 10px;">
<td height="20" style="height: 10px; padding: 1px 0px 0px 15px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: middle; white-space: nowrap; margin: 0px; text-indent: 0px; width: 77.9648%;"><font style="color: #404040; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: nowrap; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Related parties</font></td>
<td style="padding: 1px 0px 0px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 10px; margin: 0px; text-indent: 0px; width: 1.07116%;"><br></td>
<td style="padding: 1px 0px 0px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 10px; text-align: right; margin: 0px; text-indent: 0px; width: 9.94644%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<font>&nbsp;</font><font style="color: #404040; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; white-space: nowrap; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(0.0)</font></font></font></td>
<td style="padding: 1px 0px 0px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 10px; text-align: right; margin: 0px; text-indent: 0px; width: 0.994644%;"></td>
<td style="padding: 1px 0px 0px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 10px; text-align: right; margin: 0px; text-indent: 0px; width: 9.94644%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;"> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<font>&nbsp;</font><font style="color: #404040; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; white-space: nowrap; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(0.0)</font></font></font></td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td height="20" style="height: 10px; padding-top: 1px; padding-right: 0px; padding-bottom: 0px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: middle; white-space: nowrap; background-color: #cceeff; width: 77.9648%;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: nowrap; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Net cash provided by (used in) financing activities</font><br></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; background: #cceeff; height: 10px; width: 1.07116%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 10px; text-align: right; background-color: #cceeff; border-top: 1pt solid #000000 !important; border-bottom: 1pt solid #000000 !important; width: 9.94644%;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;<font>&nbsp;</font></font><font style="color: #404040; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; white-space: nowrap; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(145.3)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 10px; text-align: right; background-color: #cceeff; width: 0.994644%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 10px; text-align: right; background-color: #cceeff; border-top: 1pt solid #000000 !important; border-bottom: 1pt solid #000000 !important; width: 9.94644%;"><font style="mso-spacerun: yes;">&nbsp;<font>&nbsp;</font></font><font style="color: #404040; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; white-space: nowrap; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(1,600.1)</font></td>
</tr>
<tr style="height: 15px;">
<td height="20" style="height: 15px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; width: 77.9648%;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: nowrap; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Effect of exchange rate changes on cash and cash equivalents in foreign currency</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 15px; width: 1.07116%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 15px; text-align: right; width: 9.94644%;"><font style="color: #404040; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; white-space: nowrap; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">113.9</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 15px; text-align: right; width: 0.994644%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 15px; text-align: right; width: 9.94644%;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<font>&nbsp;</font></font><font style="color: #404040; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; white-space: nowrap; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(3.1)</font></td>
</tr>
<tr style="height: 15px; background-color: #cceeff;">
<td height="20" style="height: 15px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; width: 77.9648%;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: nowrap; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Increase (decrease) in cash and cash equivalents</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; background: #cceeff; height: 15px; width: 1.07116%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 15px; text-align: right; width: 9.94644%; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp; <font style="color: #404040; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; white-space: nowrap; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">1,689.8</font></font></font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 15px; text-align: right; width: 0.994644%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 15px; text-align: right; width: 9.94644%; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;"><font style="color: #404040; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; white-space: nowrap; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(1,029.6)</font></td>
</tr>
<tr style="height: 15px;">
<td height="20" style="height: 15px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; width: 77.9648%;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: nowrap; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Cash and cash equivalents at the beginning of the period</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 15px; width: 1.07116%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 15px; text-align: right; width: 9.94644%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;"><font style="color: #404040; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; white-space: nowrap; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">2,115.4</font></font></font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 15px; text-align: right; width: 0.994644%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 15px; text-align: right; width: 9.94644%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;"><font style="color: #404040; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; white-space: nowrap; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">3,939.0</font></font></font></td>
</tr>
<tr style="height: 15px; background-color: #cceeff;">
<td height="20" style="height: 15px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; width: 77.9648%;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: nowrap; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Cash and cash equivalents at the end of the period</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; background: #cceeff; height: 15px; width: 1.07116%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 15px; text-align: right; width: 9.94644%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;"><font style="color: #404040; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; white-space: nowrap; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">3,805.2</font></font></font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 15px; text-align: right; width: 0.994644%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 15px; text-align: right; width: 9.94644%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;"><font style="color: #404040; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; white-space: nowrap; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<font>&nbsp;</font></font><font style="color: #404040; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; white-space: nowrap; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">2,909.3</font></font></font></td>
</tr>
<tr style="height: 15px;">
<td height="20" style="height: 15px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; width: 77.9648%;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: nowrap; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Transactions without cash effect:</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 15px; width: 1.07116%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 15px; text-align: right; width: 9.94644%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;</font></font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 15px; text-align: right; width: 0.994644%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 15px; text-align: right; width: 9.94644%;"><br></td>
</tr>
<tr style="height: 15px; background-color: #cceeff;">
<td height="20" style="height: 15px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-color: #cceeff; width: 77.9648%;"><font style="color: #404040; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: nowrap; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Addition on right to use assets and leases payable</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; background: #cceeff; height: 15px; width: 1.07116%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff; width: 9.94644%;"><font style="color: #404040; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; white-space: nowrap; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">293.7</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff; width: 0.994644%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff; width: 9.94644%;"><font style="color: #404040; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; white-space: nowrap; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">257.0</font></td>
</tr>
<tr style="height: 15px;">
<td height="20" style="height: 15px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: middle; white-space: nowrap; width: 77.9648%;"><font style="color: #404040; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: nowrap; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Initial upfront costs of entitlement assets and suppliers</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 15px; width: 1.07116%;"><br></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; width: 9.94644%;"><font style="mso-spacerun: yes;"> <font style="color: #404040; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; white-space: nowrap; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">56.3</font></font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; width: 0.994644%;"><br></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; width: 9.94644%;"><font style="color: #404040; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; white-space: nowrap; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">-</font><font style="color: #404040; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; white-space: nowrap; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">&nbsp;&nbsp;</font></td>
</tr>
<tr style="height: 15px; background-color: #cceeff;">
<td height="20" style="height: 15px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: middle; white-space: nowrap; background-color: #cceeff; width: 77.9648%;"><font style="color: #404040; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: nowrap; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Reversion fund - private pension</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; background: #cceeff; height: 15px; width: 1.07116%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff; width: 9.94644%;"><font style="color: #404040; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; white-space: nowrap; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">47.1</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff; width: 0.994644%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff; width: 9.94644%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;"><font style="color: #404040; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; white-space: nowrap; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">&nbsp; &nbsp; -</font>&nbsp;&nbsp;</font></font></td>
</tr>

</table>
<div><br>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>143</font></font></td>
</tr>

</table>
<hr style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<table style="width: 100%; margin-left: 0.1px; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td style="width: 50%;">
<p style="margin: 0in 0in 0.0001pt; font-size: 10pt; font-family: 'Century Gothic', sans-serif; color: #000000;"><font style="font-size: 14.0pt; mso-bidi-font-size: 9.5pt; font-family: 'Open Sans','sans-serif'; color: #051272; mso-themecolor: accent1;"><font style="mso-spacerun: yes;">&nbsp;</font></font><font style="font-size: 14.0pt; mso-bidi-font-size: 9.5pt; font-family: 'Open Sans','sans-serif'; color: #051272; mso-themecolor: accent1; mso-ansi-language: EN-US;">2<sup>nd</sup> QUARTER 2020</font><font style="mso-ansi-language: EN-US;"></font></p>
</td>
<td style="width: 50%; text-align: right;"><img src="img4f5koxjto0j05523320.jpg" alt="Graphics"></td>
</tr>

</table>
<table border="0" cellpadding="0" cellspacing="0" width="100%" style="height: 265px; border-collapse: collapse; width: 100%; margin-left: 0px; font-family: 'times new roman'; font-size: 10pt;">

<tr style="height: 12px;">
<td colspan="7" height="17" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: center;"><font style="font-family: 'times new roman', times;">ULTRAGAZ</font></td>
</tr>
<tr style="height: 12px;">
<td colspan="7" height="17" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: center; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;"><font style="font-family: 'times new roman', times;">BALANCE SHEET</font></td>
</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: Arial, sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Arial, sans-serif; vertical-align: bottom; white-space: nowrap; text-align: center; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Arial, sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Arial, sans-serif; vertical-align: bottom; white-space: nowrap; text-align: center; height: 12px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Arial, sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Arial, sans-serif; vertical-align: bottom; white-space: nowrap; text-align: center; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Arial, sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px;"></td>
</tr>
<tr style="height: 10px;">
<td height="38" style="height: 10px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: middle; white-space: nowrap; text-align: left; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;"><font style="text-decoration: underline; font-size: 8pt;"><font style="font-family: 'times new roman', times;">In million of Reais</font></font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 10px;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: middle; white-space: normal; text-align: center; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 10px; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;"><font style="font-family: 'times new roman', times; font-size: 8pt;"><font style="mso-spacerun: yes;">&nbsp;</font>JUN 20<font style="mso-spacerun: yes;">&nbsp;</font></font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: center; height: 10px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: middle; white-space: normal; text-align: center; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 10px; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;"><font style="font-family: 'times new roman', times; font-size: 8pt;"><font style="mso-spacerun: yes;">&nbsp;</font>JUN 19<font style="mso-spacerun: yes;">&nbsp;</font></font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: middle; white-space: nowrap; text-align: center; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 10px;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: middle; white-space: nowrap; text-align: center; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 10px; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;"><font style="font-family: 'times new roman', times; font-size: 8pt;"><font style="mso-spacerun: yes;">&nbsp;</font>MAR 19<font style="mso-spacerun: yes;">&nbsp;</font></font></td>
</tr>
<tr style="height: 13px; background-color: #cceeff;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10.5pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; width: 61%; background-color: #cceeff;"><font style="font-family: 'times new roman', times;">OPERATING ASSETS</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 13px; width: 1%; background-color: #cceeff;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 13px; width: 12%; background-color: #cceeff;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 13px; width: 1%; background-color: #cceeff;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 13px; width: 12%; background-color: #cceeff;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 13px; width: 1%; background-color: #cceeff;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 13px; width: 12%; background-color: #cceeff;"></td>
</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;"><font style="font-family: 'times new roman', times;">Trade receivables</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>336.9</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>427.5</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>386.5</font></td>
</tr>
<tr style="height: 12px; background-color: #cceeff;">
<td height="17" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; background: #cceeff;"><font style="font-family: 'times new roman', times;">Non-current trade receivables</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 12px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>31.3</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>18.1</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>12.6</font></td>
</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;"><font style="font-family: 'times new roman', times;">Inventories</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>132.6</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>120.4</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>109.6</font></td>
</tr>
<tr style="height: 12px; background-color: #cceeff;">
<td height="17" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; background: #cceeff;"><font style="font-family: 'times new roman', times;">Taxes</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 12px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>96.1</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>84.9</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>84.4</font></td>
</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;"><font style="font-family: 'times new roman', times;">Escrow deposits</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>220.4</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>220.6</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>219.6</font></td>
</tr>
<tr style="height: 12px; background-color: #cceeff;">
<td height="17" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; background: #cceeff;"><font style="font-family: 'times new roman', times;">Other</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 12px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>73.7</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>57.0</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>68.0</font></td>
</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;"><font style="font-family: 'times new roman', times;">Right to use assets</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>107.0</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>126.5</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>110.4</font></td>
</tr>
<tr style="height: 12px; background-color: #cceeff;">
<td height="17" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; background: #cceeff;"><font style="font-family: 'times new roman', times;">Property, plant and equipment / Intangibles</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 12px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,022.4</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>938.5</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,001.9</font></td>
</tr>
<tr style="height: 15px;">
<td height="20" style="height: 15px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;"><font style="font-family: 'times new roman', times;">TOTAL OPERATING ASSETS</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 15px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 15px; text-align: right; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #000000 !important; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>2,020.5</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 15px; text-align: right; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #000000 !important; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,993.5</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 15px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 15px; text-align: right; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #000000 !important; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,993.0</font></td>
</tr>
<tr style="height: 13px; background-color: #cceeff;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10.5pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font style="font-family: 'times new roman', times;">OPERATING LIABILITIES</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 13px; background-color: #cceeff;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 13px; text-align: right; background-color: #cceeff;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 13px; text-align: right; background-color: #cceeff;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 13px; text-align: right; background-color: #cceeff;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 13px; text-align: right; background-color: #cceeff;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 13px; text-align: right; background-color: #cceeff;"></td>
</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;"><font style="font-family: 'times new roman', times;">Suppliers</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>93.1</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>97.7</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>89.0</font></td>
</tr>
<tr style="height: 12px; background-color: #cceeff;">
<td height="17" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; background: #cceeff;"><font style="font-family: 'times new roman', times;">Salaries and related charges</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 12px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>90.3</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>94.2</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>65.3</font></td>
</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;"><font style="font-family: 'times new roman', times;">Taxes</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>13.0</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>9.2</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>12.1</font></td>
</tr>
<tr style="height: 12px; background-color: #cceeff;">
<td height="17" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; background: #cceeff;"><font style="font-family: 'times new roman', times;">Judicial provisions</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 12px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>129.4</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>117.9</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>128.4</font></td>
</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;"><font style="font-family: 'times new roman', times;">Leases payable</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>144.3</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>163.2</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>147.6</font></td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td height="17" style="height: 10px; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; background: #cceeff;"><font style="font-family: 'times new roman', times;">Other accounts payable</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 10px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 10px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>83.1</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 10px; text-align: right; background-color: #cceeff;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 10px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>107.1</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 10px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 10px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>97.3</font></td>
</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;"><font style="font-family: 'times new roman', times;">TOTAL OPERATING LIABILITIES</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px; text-align: right; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #000000 !important; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>553.2</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px; text-align: right; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #000000 !important; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>589.4</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px; text-align: right; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #000000 !important; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>539.7</font></td>
</tr>

</table>
<p><br></p>
<table border="0" cellpadding="0" cellspacing="0" width="100%" style="height: 291px; border-collapse: collapse; width: 100%; margin-left: 0.1px; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: center; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; width: 90.7604%;" colspan="11"><br></td>
</tr>
<tr style="height: 17px;">
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: center; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 17px;" colspan="11"><br></td>
</tr>
<tr style="height: 12px;">
<td colspan="11" height="17" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: center; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; width: 90.7604%;"><font style="font-family: 'times new roman', times; font-size: 10pt;">INCOME STATEMENT</font></td>
</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: center; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; width: 44.9714%;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: center; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px; width: 1.06296%;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: center; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px; width: 10.0572%;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: center; height: 12px; width: 0.981194%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: center; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px; width: 9.97547%;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: center; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px; width: 0.981194%;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: center; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px; width: 9.97547%;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: center; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px; width: 0.981194%;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: center; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px; width: 9.97547%;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: center; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px; width: 0.981194%;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: center; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px; width: 0.817661%;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
</tr>
<tr style="height: 7px;">
<td height="10" style="height: 7px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; width: 44.9714%;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Arial, sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 7px; width: 1.06296%;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Arial, sans-serif; vertical-align: bottom; white-space: nowrap; height: 7px; width: 10.0572%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Arial, sans-serif; vertical-align: bottom; white-space: nowrap; height: 7px; width: 0.981194%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Arial, sans-serif; vertical-align: bottom; white-space: nowrap; height: 7px; width: 9.97547%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Arial, sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 7px; width: 0.981194%;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Arial, sans-serif; vertical-align: bottom; white-space: nowrap; height: 7px; width: 9.97547%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Arial, sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 7px; width: 0.981194%;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Arial, sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 7px; width: 9.97547%;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Arial, sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 7px; width: 0.981194%;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Arial, sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 7px; width: 0.817661%;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
</tr>
<tr style="height: 10px;">
<td height="37" style="height: 10px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: middle; white-space: nowrap; text-align: left; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; width: 44.9714%;"><font style="font-family: 'times new roman', times; font-size: 8pt;"><font style="text-decoration: underline;">In million of Reais</font><font style="mso-spacerun: yes;">&nbsp;</font></font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 10px; width: 1.06296%;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: middle; white-space: nowrap; text-align: center; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 10px; border-bottom: 1pt solid #000000 !important; width: 10.0572%;"><font style="font-family: 'times new roman', times; font-size: 8pt;"><font style="mso-spacerun: yes;">&nbsp;</font>2Q20<font style="mso-spacerun: yes;">&nbsp;</font></font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: center; height: 10px; width: 0.981194%;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: middle; white-space: nowrap; text-align: center; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 10px; border-bottom: 1pt solid #000000 !important; width: 9.97547%;"><font style="font-family: 'times new roman', times; font-size: 8pt;"><font style="mso-spacerun: yes;">&nbsp;</font>2Q19<font style="mso-spacerun: yes;">&nbsp;</font></font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: middle; white-space: nowrap; text-align: center; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 10px; width: 0.981194%;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: middle; white-space: nowrap; text-align: center; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 10px; border-bottom: 1pt solid #000000 !important; width: 9.97547%;"><font style="font-family: 'times new roman', times; font-size: 8pt;"><font style="mso-spacerun: yes;">&nbsp;</font>1Q20<font style="mso-spacerun: yes;">&nbsp;</font></font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: middle; white-space: nowrap; text-align: center; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 10px; width: 0.981194%;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: middle; white-space: nowrap; text-align: center; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 10px; border-bottom: 1pt solid #000000 !important; width: 9.97547%;"><font style="font-family: 'times new roman', times; font-size: 8pt;"><font style="mso-spacerun: yes;">&nbsp;</font>1H20<font style="mso-spacerun: yes;">&nbsp;</font></font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: middle; white-space: nowrap; text-align: center; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 10px; width: 0.981194%;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: middle; white-space: nowrap; text-align: center; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 10px; border-bottom: 1pt solid #000000 !important; width: 0.817661%;"><font style="font-family: 'times new roman', times; font-size: 8pt;"><font style="mso-spacerun: yes;">&nbsp;</font>1H19<font style="mso-spacerun: yes;">&nbsp;</font></font></td>
</tr>
<tr style="height: 12px; background-color: #cceeff;">
<td height="17" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; background: #cceeff; width: 44.9714%;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Net sales</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 12px; width: 1.06296%;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 12px; text-align: right; width: 10.0572%;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,723.4</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; width: 0.981194%; background-color: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 12px; text-align: right; width: 9.97547%;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,772.5</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 12px; text-align: right; width: 0.981194%;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 12px; text-align: right; width: 9.97547%;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,761.5</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 12px; text-align: right; width: 0.981194%;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 12px; text-align: right; width: 9.97547%;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>3,484.9</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 12px; text-align: right; width: 0.981194%;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 12px; text-align: right; width: 0.817661%;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>3,412.7</font></td>
</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; width: 44.9714%;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Cost of products sold</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px; width: 1.06296%;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; width: 10.0572%;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(1,442.3)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; width: 0.981194%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; width: 9.97547%;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(1,550.0)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px; text-align: right; width: 0.981194%;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; width: 9.97547%;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(1,522.9)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px; text-align: right; width: 0.981194%;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; width: 9.97547%;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(2,965.2)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px; text-align: right; width: 0.981194%;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; width: 0.817661%;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(2,982.0)</font></td>
</tr>
<tr style="height: 12px; background-color: #cceeff;">
<td height="17" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; background: #cceeff; width: 44.9714%;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Gross profit</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 12px; width: 1.06296%;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 12px; text-align: right; border-top: 1pt solid #000000 !important; width: 10.0572%;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>281.1</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff; width: 0.981194%;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 12px; text-align: right; border-top: 1pt solid #000000 !important; width: 9.97547%;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>222.5</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 12px; text-align: right; width: 0.981194%;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 12px; text-align: right; border-top: 1pt solid #000000 !important; width: 9.97547%;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>238.6</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 12px; text-align: right; width: 0.981194%;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 12px; text-align: right; border-top: 1pt solid #000000 !important; width: 9.97547%;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>519.7</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 12px; text-align: right; width: 0.981194%;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 12px; text-align: right; border-top: 1pt solid #000000 !important; width: 0.817661%;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>430.7</font></td>
</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; width: 44.9714%;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Operating expenses</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px; width: 1.06296%;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; width: 10.0572%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; width: 0.981194%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; width: 9.97547%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px; text-align: right; width: 0.981194%;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; width: 9.97547%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px; text-align: right; width: 0.981194%;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; width: 9.97547%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Arial, sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px; text-align: right; width: 0.981194%;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; width: 0.817661%;"></td>
</tr>
<tr style="height: 12px; background-color: #cceeff;">
<td height="17" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; width: 44.9714%;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>Selling</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 12px; width: 1.06296%;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff; width: 10.0572%;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(104.2)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff; width: 0.981194%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff; width: 9.97547%;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(105.7)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 12px; text-align: right; width: 0.981194%;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff; width: 9.97547%;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(106.6)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 12px; text-align: right; width: 0.981194%;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff; width: 9.97547%;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(210.8)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 12px; text-align: right; width: 0.981194%;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff; width: 0.817661%;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(213.4)</font></td>
</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; width: 44.9714%;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>General and administrative</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px; width: 1.06296%;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; width: 10.0572%;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(32.3)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; width: 0.981194%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; width: 9.97547%;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(48.2)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px; text-align: right; width: 0.981194%;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; width: 9.97547%;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(47.5)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px; text-align: right; width: 0.981194%;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; width: 9.97547%;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(79.8)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px; text-align: right; width: 0.981194%;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; width: 0.817661%;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(100.8)</font></td>
</tr>
<tr style="height: 12px; background-color: #cceeff;">
<td height="17" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; background: #cceeff; width: 44.9714%;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Other operating income</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 12px; width: 1.06296%;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff; width: 10.0572%;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1.8</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff; width: 0.981194%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff; width: 9.97547%;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(0.5)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 12px; text-align: right; width: 0.981194%;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff; width: 9.97547%;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>4.9</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 12px; text-align: right; width: 0.981194%;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff; width: 9.97547%;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>6.7</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 12px; text-align: right; width: 0.981194%;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff; width: 0.817661%;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>3.0</font></td>
</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; width: 44.9714%;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Gain (loss) on disposal of property,<br>plant and equipment and intangibles</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px; width: 1.06296%;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; width: 10.0572%;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>2.3</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; width: 0.981194%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; width: 9.97547%;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>0.3</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px; text-align: right; width: 0.981194%;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; width: 9.97547%;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>0.9</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px; text-align: right; width: 0.981194%;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; width: 9.97547%;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>3.2</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px; text-align: right; width: 0.981194%;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; width: 0.817661%;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1.2</font></td>
</tr>
<tr style="height: 12px; background-color: #cceeff;">
<td height="17" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; background: #cceeff; width: 44.9714%;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Operating income (loss)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 12px; width: 1.06296%;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 12px; text-align: right; border-bottom: 1pt solid #000000 !important; border-top: 1pt solid #000000 !important; width: 10.0572%;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>148.7</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff; width: 0.981194%;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 12px; text-align: right; border-bottom: 1pt solid #000000 !important; border-top: 1pt solid #000000 !important; width: 9.97547%;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>68.5</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 12px; text-align: right; width: 0.981194%;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 12px; text-align: right; border-bottom: 1pt solid #000000 !important; border-top: 1pt solid #000000 !important; width: 9.97547%;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>90.2</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 12px; text-align: right; width: 0.981194%;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 12px; text-align: right; border-bottom: 1pt solid #000000 !important; border-top: 1pt solid #000000 !important; width: 9.97547%;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>239.0</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 12px; text-align: right; width: 0.981194%;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 12px; text-align: right; border-bottom: 1pt solid #000000 !important; border-top: 1pt solid #000000 !important; width: 0.817661%;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>120.7</font></td>
</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; width: 44.9714%;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Share of profit of subsidiaries,<br>joint ventures and associates</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px; width: 1.06296%;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; width: 10.0572%;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>0.0</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; width: 0.981194%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; width: 9.97547%;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(0.0)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px; text-align: right; width: 0.981194%;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; width: 9.97547%;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>0.0</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px; text-align: right; width: 0.981194%;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; width: 9.97547%;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>0.0</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px; text-align: right; width: 0.981194%;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; width: 0.817661%;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>0.0</font></td>
</tr>
<tr style="height: 12px; background-color: #cceeff;">
<td height="17" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; width: 44.9714%;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Adjusted EBITDA</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 12px; width: 1.06296%;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 12px; text-align: right; border-bottom: 1pt solid #000000 !important; width: 10.0572%;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>205.7</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff; width: 0.981194%;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 12px; text-align: right; border-bottom: 1pt solid #000000 !important; width: 9.97547%;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>121.7</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 12px; text-align: right; width: 0.981194%;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 12px; text-align: right; border-bottom: 1pt solid #000000 !important; width: 9.97547%;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>147.0</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 12px; text-align: right; width: 0.981194%;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 12px; text-align: right; border-bottom: 1pt solid #000000 !important; width: 9.97547%;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>352.6</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 12px; text-align: right; width: 0.981194%;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 12px; text-align: right; border-bottom: 1pt solid #000000 !important; width: 0.817661%;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>231.2</font></td>
</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; width: 44.9714%;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Depreciation and amortization&#185;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px; width: 1.06296%;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; width: 10.0572%;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>56.9</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; width: 0.981194%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; width: 9.97547%;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>53.2</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px; text-align: right; width: 0.981194%;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; width: 9.97547%;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>56.7</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px; text-align: right; width: 0.981194%;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; width: 9.97547%;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>113.6</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px; text-align: right; width: 0.981194%;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; width: 0.817661%;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>110.5</font></td>
</tr>
<tr style="height: 12px; background-color: #cceeff;">
<td height="17" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; background-color: #cceeff; width: 44.9714%;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Ratios</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; background-color: #cceeff; width: 1.06296%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff; width: 10.0572%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff; width: 0.981194%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff; width: 9.97547%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff; width: 0.981194%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff; width: 9.97547%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff; width: 0.981194%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff; width: 9.97547%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Arial; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff; width: 0.981194%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff; width: 0.817661%;"></td>
</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; width: 44.9714%;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp; </font>Gross margin (R$/ton)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px; width: 1.06296%;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; width: 10.0572%;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>650</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; width: 0.981194%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; width: 9.97547%;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>529</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px; text-align: right; width: 0.981194%;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; width: 9.97547%;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>566</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px; text-align: right; width: 0.981194%;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; width: 9.97547%;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>609</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Arial; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; width: 0.981194%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; width: 0.817661%;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>528</font></td>
</tr>
<tr style="height: 12px; background-color: #cceeff;">
<td height="17" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-color: #cceeff; width: 44.9714%;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp; </font>Operating margin (R$/ton)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 12px; width: 1.06296%;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff; width: 10.0572%;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>344</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff; width: 0.981194%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff; width: 9.97547%;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>163</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 12px; text-align: right; width: 0.981194%;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff; width: 9.97547%;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>214</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 12px; text-align: right; width: 0.981194%;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff; width: 9.97547%;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>280</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Arial; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff; width: 0.981194%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff; width: 0.817661%;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>148</font></td>
</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; width: 44.9714%;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp; </font>EBITDA margin (R$/ton)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px; width: 1.06296%;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; width: 10.0572%;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>476</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; width: 0.981194%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; width: 9.97547%;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>289</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px; text-align: right; width: 0.981194%;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; width: 9.97547%;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>349</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px; text-align: right; width: 0.981194%;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; width: 9.97547%;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>413</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Arial; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; width: 0.981194%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; width: 0.817661%;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>283</font></td>
</tr>
<tr style="height: 12px; background-color: #cceeff;">
<td height="17" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; background-color: #cceeff; width: 44.9714%;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Number of employees</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; background-color: #cceeff; width: 1.06296%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff; width: 10.0572%;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>3,428</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff; width: 0.981194%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff; width: 9.97547%;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>3,478</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff; width: 0.981194%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff; width: 9.97547%;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>3,420</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff; width: 0.981194%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff; width: 9.97547%;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>3,428</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Arial; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff; width: 0.981194%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff; width: 0.817661%;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>3,478</font></td>
</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: Arial, sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; width: 44.9714%;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Arial, sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px; width: 1.06296%;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Arial, sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px; text-align: right; width: 10.0572%;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Arial, sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px; text-align: right; width: 0.981194%;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Arial, sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; width: 9.97547%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Arial, sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px; text-align: right; width: 0.981194%;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Arial, sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; width: 9.97547%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Arial, sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px; text-align: right; width: 0.981194%;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Arial, sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px; text-align: right; width: 9.97547%;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Arial, sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px; text-align: right; width: 0.981194%;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Arial, sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px; text-align: right; width: 0.817661%;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
</tr>
<tr style="height: 17px;">
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: Arial, sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; width: 44.9714%; height: 17px;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 12px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: nowrap; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">&#185; Includes amortization with contractual<br>assets with customers - exclusive rights</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Arial, sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; width: 1.06296%; height: 17px;"><br></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Arial, sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; text-align: right; width: 10.0572%; height: 17px;"><br></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Arial, sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; text-align: right; width: 0.981194%; height: 17px;"><br></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Arial, sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; width: 9.97547%; height: 17px;"><br></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Arial, sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; text-align: right; width: 0.981194%; height: 17px;"><br></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Arial, sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; width: 9.97547%; height: 17px;"><br></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Arial, sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; text-align: right; width: 0.981194%; height: 17px;"><br></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Arial, sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; text-align: right; width: 9.97547%; height: 17px;"><br></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Arial, sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; text-align: right; width: 0.981194%; height: 17px;"><br></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Arial, sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; text-align: right; width: 0.817661%; height: 17px;"><br></td>
</tr>

</table>
<p style="margin: 0pt; text-align: center;"><br></p>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>144</font></font></td>
</tr>

</table>
<hr style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<table style="width: 100%; margin-left: 0.1px; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td style="width: 50%;">
<p style="margin: 0in 0in 0.0001pt; font-size: 10pt; font-family: 'Century Gothic', sans-serif; color: #000000;"><font style="font-size: 14.0pt; mso-bidi-font-size: 9.5pt; font-family: 'Open Sans','sans-serif'; color: #051272; mso-themecolor: accent1;"><font style="mso-spacerun: yes;">&nbsp;</font></font><font style="font-size: 14.0pt; mso-bidi-font-size: 9.5pt; font-family: 'Open Sans','sans-serif'; color: #051272; mso-themecolor: accent1; mso-ansi-language: EN-US;">2<sup>nd</sup> QUARTER 2020</font><font style="mso-ansi-language: EN-US;"></font></p>
</td>
<td style="width: 50%; text-align: right;"><img src="imgisulbrcjyxk05523320.jpg" alt="Graphics"></td>
</tr>

</table>
<p><br></p>
<table border="0" cellpadding="0" cellspacing="0" width="100%" style="height: 311px; border-collapse: collapse; width: 100%; margin-left: 0.1px; font-family: 'times new roman'; font-size: 10pt;">

<tr style="height: 12px;">
<td colspan="7" height="17" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">ULTRACARGO</font></td>
</tr>
<tr style="height: 12px;">
<td colspan="7" height="17" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: center; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;"><font style="font-family: 'times new roman', times; font-size: 10pt;">BALANCE SHEET</font></td>
</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: Arial, sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Arial, sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Arial, sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Arial, sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Arial, sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Arial, sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Arial, sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px;"></td>
</tr>
<tr style="height: 10px;">
<td height="37" style="height: 10px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: middle; white-space: nowrap; text-align: left; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;"><font style="text-decoration: underline; font-size: 8pt;"><font style="font-family: 'times new roman', times;">In million of Reais</font></font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 10px;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: middle; white-space: normal; text-align: center; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 10px; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;"><font style="font-family: 'times new roman', times; font-size: 8pt;"><font style="mso-spacerun: yes;">&nbsp;</font>JUN 20<font style="mso-spacerun: yes;">&nbsp;</font></font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: center; height: 10px;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: middle; white-space: normal; text-align: center; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 10px; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;"><font style="font-family: 'times new roman', times; font-size: 8pt;"><font style="mso-spacerun: yes;">&nbsp;</font>JUN 19<font style="mso-spacerun: yes;">&nbsp;</font></font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: middle; white-space: nowrap; text-align: center; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 10px;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: middle; white-space: nowrap; text-align: center; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 10px; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;"><font style="font-family: 'times new roman', times; font-size: 8pt;"><font style="mso-spacerun: yes;">&nbsp;</font>MAR 19<font style="mso-spacerun: yes;">&nbsp;</font></font></td>
</tr>
<tr style="height: 13px; background-color: #cceeff;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10.5pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; width: 61%; background-color: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;">OPERATING ASSETS</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 13px; width: 1%; background-color: #cceeff;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 13px; width: 12%; background-color: #cceeff;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 13px; width: 1%; background-color: #cceeff;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 13px; width: 12%; background-color: #cceeff;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 13px; width: 1%; background-color: #cceeff;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 13px; width: 12%; background-color: #cceeff;"></td>
</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Trade receivables</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>62.0</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>33.4</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>42.1</font></td>
</tr>
<tr style="height: 12px; background-color: #cceeff;">
<td height="17" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; background: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Inventories</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>8.1</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>5.9</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>6.5</font></td>
</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Taxes</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>17.4</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>14.8</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>23.4</font></td>
</tr>
<tr style="height: 12px; background-color: #cceeff;">
<td height="17" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; background: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Other</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>30.1</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>16.3</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>20.8</font></td>
</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Right to use assets</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>475.1</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>246.9</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>466.0</font></td>
</tr>
<tr style="height: 12px; background-color: #cceeff;">
<td height="17" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; background: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Property, plant and equipment / Intangibles / Investments</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,329.3</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,214.3</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,320.1</font></td>
</tr>
<tr style="height: 15px;">
<td height="20" style="height: 15px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;"><font style="font-family: 'times new roman', times; font-size: 10pt;">TOTAL OPERATING ASSETS</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 15px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 15px; text-align: right; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #000000 !important; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,922.1</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 15px; text-align: right; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #000000 !important; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,531.7</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 15px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 15px; text-align: right; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #000000 !important; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,878.9</font></td>
</tr>
<tr style="height: 13px; background-color: #cceeff;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10.5pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;">OPERATING LIABILITIES</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 13px; background-color: #cceeff;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 13px; text-align: right; background-color: #cceeff;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 13px; text-align: right; background-color: #cceeff;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 13px; text-align: right; background-color: #cceeff;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 13px; text-align: right; background-color: #cceeff;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 13px; text-align: right; background-color: #cceeff;"></td>
</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Suppliers</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>25.0</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>26.9</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>29.4</font></td>
</tr>
<tr style="height: 12px; background-color: #cceeff;">
<td height="17" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; background: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Salaries and related charges</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>37.5</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>19.8</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>24.2</font></td>
</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Taxes</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>11.6</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>6.5</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>10.4</font></td>
</tr>
<tr style="height: 12px; background-color: #cceeff;">
<td height="17" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; background: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Judicial provisions</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>9.9</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>9.5</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>10.2</font></td>
</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Leases payable</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>436.0</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>239.3</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>422.7</font></td>
</tr>
<tr style="height: 12px; background-color: #cceeff;">
<td height="17" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; background: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Other accounts payable&#185;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>97.7</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>137.9</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>96.4</font></td>
</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;"><font style="font-family: 'times new roman', times; font-size: 10pt;">TOTAL OPERATING LIABILITIES</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px; text-align: right; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #000000 !important; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>617.8</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px; text-align: right; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #000000 !important; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>439.8</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px; text-align: right; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #000000 !important; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>593.4</font></td>
</tr>
<tr style="height: 17px;">
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 17px;"><br></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 17px;"><br></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 17px;"><br></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 17px;"><br></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 17px;"><br></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 17px;"><br></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 17px;"><br></td>
</tr>
<tr style="height: 34px;">
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 34px;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 9pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: center; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">'&#185; Includes the long term obligations with clients account and the extra amount related to the acquisition of Temmar, in the port of Itaqui and payables - indemnification clients and third parties</font><br></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 34px;"><br></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 34px;"><br></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 34px;"><br></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 34px;"><br></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 34px;"><br></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 34px;"><br></td>
</tr>
<tr style="height: 17px;">
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 17px;"><br></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 17px;"><br></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 17px;"><br></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 17px;"><br></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 17px;"><br></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 17px;"><br></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 17px;"><br></td>
</tr>

</table>
<table border="0" cellpadding="0" cellspacing="0" width="100%" style="height: 247px; border-collapse: collapse; width: 100%; margin-left: 0.1px; font-family: 'times new roman'; font-size: 10pt;">

<tr style="height: 12px;">
<td colspan="11" height="17" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;"><font style="font-family: 'times new roman', times; font-size: 10pt;">INCOME STATEMENT</font></td>
</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: center; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: center; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: center; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: center; height: 12px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: center; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: center; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: center; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: center; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: center; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: center; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Arial, sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
</tr>
<tr style="height: 6px;">
<td height="9" style="height: 6px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Arial, sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 6px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Arial, sans-serif; vertical-align: bottom; white-space: nowrap; height: 6px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Arial, sans-serif; vertical-align: bottom; white-space: nowrap; height: 6px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Arial, sans-serif; vertical-align: bottom; white-space: nowrap; height: 6px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Arial, sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 6px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Arial, sans-serif; vertical-align: bottom; white-space: nowrap; height: 6px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Arial, sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 6px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Arial, sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 6px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Arial, sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 6px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Arial, sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 6px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
</tr>
<tr style="height: 10px;">
<td height="37" style="height: 10px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: middle; white-space: nowrap; text-align: left; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;"><font style="font-family: 'times new roman', times; font-size: 8pt;"><font style="text-decoration: underline;">In million of Reais</font></font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 10px;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: middle; white-space: normal; text-align: center; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 10px; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;"><font style="font-family: 'times new roman', times; font-size: 8pt;"><font style="mso-spacerun: yes;">&nbsp;</font>2Q20<font style="mso-spacerun: yes;">&nbsp;</font></font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: center; height: 10px;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: middle; white-space: nowrap; text-align: center; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 10px; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;"><font style="font-family: 'times new roman', times; font-size: 8pt;"><font style="mso-spacerun: yes;">&nbsp;</font>2Q19<font style="mso-spacerun: yes;">&nbsp;</font></font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: middle; white-space: nowrap; text-align: center; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 10px;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: middle; white-space: nowrap; text-align: center; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 10px; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;"><font style="font-family: 'times new roman', times; font-size: 8pt;"><font style="mso-spacerun: yes;">&nbsp;</font>1Q20<font style="mso-spacerun: yes;">&nbsp;</font></font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: middle; white-space: nowrap; text-align: center; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 10px;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: middle; white-space: nowrap; text-align: center; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 10px; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;"><font style="font-family: 'times new roman', times; font-size: 8pt;"><font style="mso-spacerun: yes;">&nbsp;</font>1H20<font style="mso-spacerun: yes;">&nbsp;</font></font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: middle; white-space: nowrap; text-align: center; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 10px;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: middle; white-space: nowrap; text-align: center; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 10px; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;"><font style="font-family: 'times new roman', times; font-size: 8pt;"><font style="mso-spacerun: yes;">&nbsp;</font>1H19<font style="mso-spacerun: yes;">&nbsp;</font></font></td>
</tr>
<tr style="height: 12px; background-color: #cceeff;">
<td height="17" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; background: #cceeff; width: 45%;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Net sales</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 12px; width: 1%;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; text-align: right; height: 12px; width: 10%;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>155.0</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 12px; width: 1%; background-color: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; text-align: right; height: 12px; width: 10%;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>126.0</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; text-align: right; height: 12px; width: 1%;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; text-align: right; height: 12px; width: 10%;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>163.3</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; text-align: right; height: 12px; width: 1%;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; text-align: right; height: 12px; width: 10%;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>318.3</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; text-align: right; height: 12px; width: 1%;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; text-align: right; height: 12px; width: 10%;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>252.6</font></td>
</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Cost of services sold</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(65.6)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 12px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(60.1)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; text-align: right; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(62.5)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; text-align: right; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(128.1)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; text-align: right; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(118.9)</font></td>
</tr>
<tr style="height: 12px; background-color: #cceeff;">
<td height="17" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; background: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Gross profit</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; text-align: right; height: 12px; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #000000 !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>89.4</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 12px; background-color: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; text-align: right; height: 12px; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #000000 !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>66.0</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; text-align: right; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; text-align: right; height: 12px; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #000000 !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>100.8</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; text-align: right; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; text-align: right; height: 12px; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #000000 !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>190.2</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; text-align: right; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; text-align: right; height: 12px; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #000000 !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>133.7</font></td>
</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Operating expenses</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 12px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 12px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 12px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; text-align: right; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 12px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; text-align: right; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 12px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Arial, sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; text-align: right; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 12px;"></td>
</tr>
<tr style="height: 12px; background-color: #cceeff;">
<td height="17" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>Selling</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 12px; background-color: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(1.7)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 12px; background-color: #cceeff;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 12px; background-color: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(1.9)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; text-align: right; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 12px; background-color: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(1.7)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; text-align: right; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 12px; background-color: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(3.4)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; text-align: right; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 12px; background-color: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(3.6)</font></td>
</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>General and administrative</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(26.8)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 12px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(28.3)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; text-align: right; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(30.8)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; text-align: right; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(57.6)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; text-align: right; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(55.0)</font></td>
</tr>
<tr style="height: 12px; background-color: #cceeff;">
<td height="17" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; background: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Other operating income</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 12px; background-color: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>9.7</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 12px; background-color: #cceeff;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 12px; background-color: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(49.7)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; text-align: right; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 12px; background-color: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>2.9</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; text-align: right; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 12px; background-color: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>12.6</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; text-align: right; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 12px; background-color: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(50.6)</font></td>
</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Gain (loss) on disposal of property,<br>plant and equipment and intangibles</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(0.0)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 12px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>0.0</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; text-align: right; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(0.2)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; text-align: right; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(0.3)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; text-align: right; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>0.0</font></td>
</tr>
<tr style="height: 15px; background-color: #cceeff;">
<td height="21" style="height: 15px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; background: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Operating income (loss)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 15px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; text-align: right; height: 15px; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #000000 !important; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>70.6</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 15px; background-color: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; text-align: right; height: 15px; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #000000 !important; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(13.8)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; text-align: right; height: 15px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; text-align: right; height: 15px; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #000000 !important; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>71.0</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; text-align: right; height: 15px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; text-align: right; height: 15px; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #000000 !important; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>141.6</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; text-align: right; height: 15px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; text-align: right; height: 15px; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #000000 !important; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>24.5</font></td>
</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Share of profit of subsidiaries,<br>joint ventures and associates</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>0.3</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 12px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>0.6</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; text-align: right; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>0.1</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; text-align: right; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>0.4</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; text-align: right; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1.1</font></td>
</tr>
<tr style="height: 12px; background-color: #cceeff;">
<td height="17" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; background: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;">EBITDA</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; text-align: right; height: 12px; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>91.5</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 12px; background-color: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; text-align: right; height: 12px; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>6.5</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; text-align: right; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; text-align: right; height: 12px; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>90.5</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; text-align: right; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; text-align: right; height: 12px; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>182.1</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; text-align: right; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; text-align: right; height: 12px; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>66.1</font></td>
</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Depreciation and amortization</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>20.6</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 12px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>19.8</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; text-align: right; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>19.5</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; text-align: right; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>40.1</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; text-align: right; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>40.5</font></td>
</tr>
<tr style="height: 12px; background-color: #cceeff;">
<td height="17" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; background-color: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Ratios</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; background-color: #cceeff;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 12px; background-color: #cceeff;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 12px; background-color: #cceeff;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 12px; background-color: #cceeff;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 12px; background-color: #cceeff;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 12px; background-color: #cceeff;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 12px; background-color: #cceeff;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 12px; background-color: #cceeff;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Arial, sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 12px; background-color: #cceeff;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 12px; background-color: #cceeff;"></td>
</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp; </font>Gross margin</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td align="right" style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">57.7%</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 12px;"></td>
<td align="right" style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">52.3%</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; text-align: right; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td align="right" style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">61.7%</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; text-align: right; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td align="right" style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">59.8%</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Arial; vertical-align: bottom; white-space: nowrap; text-align: right; height: 12px;"></td>
<td align="right" style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">52.9%</font></td>
</tr>
<tr style="height: 12px; background-color: #cceeff;">
<td height="17" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp; </font>Operating margin</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td align="right" style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 12px; background-color: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;">45.6%</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 12px; background-color: #cceeff;"></td>
<td align="right" style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 12px; background-color: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-11.0%</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; text-align: right; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td align="right" style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 12px; background-color: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;">43.4%</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; text-align: right; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td align="right" style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 12px; background-color: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;">44.5%</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Arial; vertical-align: bottom; white-space: nowrap; text-align: right; height: 12px; background-color: #cceeff;"></td>
<td align="right" style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 12px; background-color: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;">9.7%</font></td>
</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp; </font>EBITDA margin</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td align="right" style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">59.1%</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 12px;"></td>
<td align="right" style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">5.2%</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; text-align: right; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td align="right" style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">55.4%</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; text-align: right; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td align="right" style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">57.2%</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Arial; vertical-align: bottom; white-space: nowrap; text-align: right; height: 12px;"></td>
<td align="right" style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">26.2%</font></td>
</tr>
<tr style="height: 12px; background-color: #cceeff;">
<td height="17" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; background-color: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Number of employees</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; background-color: #cceeff;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 12px; background-color: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>878</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 12px; background-color: #cceeff;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 12px; background-color: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>764</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 12px; background-color: #cceeff;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 12px; background-color: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>809</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 12px; background-color: #cceeff;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 12px; background-color: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>878</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Arial, sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; text-align: right; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 12px; background-color: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>764</font></td>
</tr>

</table>
<p style="margin: 0pt; text-align: center;"><br></p>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>145</font></font></td>
</tr>

</table>
<hr style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<table style="width: 100%; margin-left: 0.1px; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td style="width: 50%;">
<p style="margin: 0in 0in 0.0001pt; font-size: 10pt; font-family: 'Century Gothic', sans-serif; color: #000000;"><font style="font-size: 14.0pt; mso-bidi-font-size: 9.5pt; font-family: 'Open Sans','sans-serif'; color: #051272; mso-themecolor: accent1;"><font style="mso-spacerun: yes;">&nbsp;</font></font><font style="font-size: 14.0pt; mso-bidi-font-size: 9.5pt; font-family: 'Open Sans','sans-serif'; color: #051272; mso-themecolor: accent1; mso-ansi-language: EN-US;">2<sup>nd</sup> QUARTER 2020</font><font style="mso-ansi-language: EN-US;"></font></p>
</td>
<td style="width: 50%; text-align: right;"><img src="imgvgzsoia5iug05523320.jpg" alt="Graphics"></td>
</tr>

</table>
<table border="0" cellpadding="0" cellspacing="0" width="100%" style="height: 241px; border-collapse: collapse; width: 100%; margin-left: 0px; font-family: 'times new roman'; font-size: 10pt;">

<tr style="height: 12px;">
<td colspan="7" height="17" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: center;"><font style="font-family: arial, helvetica, sans-serif;"><font style="font-size: 10pt; font-family: 'times new roman', times;">OXITENO</font></font></td>
</tr>
<tr style="height: 12px;">
<td colspan="7" height="17" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: center; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;"><font style="font-family: 'times new roman', times; font-size: 10pt;">BALANCE SHEET</font></td>
</tr>
<tr style="height: 10px;">
<td height="17" style="height: 10px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: Arial, sans-serif; vertical-align: bottom; white-space: nowrap; text-align: center;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Arial, sans-serif; vertical-align: bottom; white-space: nowrap; text-align: center; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 10px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Arial, sans-serif; vertical-align: bottom; white-space: nowrap; text-align: center; height: 10px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Arial, sans-serif; vertical-align: bottom; white-space: nowrap; text-align: center; height: 10px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Arial, sans-serif; vertical-align: bottom; white-space: nowrap; text-align: center; height: 10px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Arial, sans-serif; vertical-align: bottom; white-space: nowrap; text-align: center; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 10px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Arial, sans-serif; vertical-align: bottom; white-space: nowrap; text-align: center; height: 10px;"></td>
</tr>
<tr style="height: 10px;">
<td height="37" style="height: 10px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: middle; white-space: nowrap; text-align: left; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;"><font style="text-decoration: underline; font-size: 8pt;"><font style="font-family: 'times new roman', times;">In million of Reais</font></font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 10px;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: middle; white-space: normal; text-align: center; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 10px; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;"><font style="font-family: 'times new roman', times; font-size: 8pt;"><font style="mso-spacerun: yes;">&nbsp;</font>JUN 20<font style="mso-spacerun: yes;">&nbsp;</font></font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: center; height: 10px;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: middle; white-space: normal; text-align: center; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 10px; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;"><font style="font-family: 'times new roman', times; font-size: 8pt;"><font style="mso-spacerun: yes;">&nbsp;</font>JUN 19<font style="mso-spacerun: yes;">&nbsp;</font></font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: middle; white-space: nowrap; text-align: center; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 10px;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: middle; white-space: nowrap; text-align: center; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 10px; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;"><font style="font-family: 'times new roman', times; font-size: 8pt;"><font style="mso-spacerun: yes;">&nbsp;</font>MAR 19<font style="mso-spacerun: yes;">&nbsp;</font></font></td>
</tr>
<tr style="height: 13px; background-color: #cceeff;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10.5pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; width: 61%; background-color: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;">OPERATING ASSETS</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 13px; width: 1%; background-color: #cceeff;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 13px; width: 12%; background-color: #cceeff;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 13px; width: 1%; background-color: #cceeff;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 13px; width: 12%; background-color: #cceeff;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 13px; width: 1%; background-color: #cceeff;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 13px; width: 12%; background-color: #cceeff;"></td>
</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Trade receivables</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>707.8</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>579.7</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>700.1</font></td>
</tr>
<tr style="height: 12px; background-color: #cceeff;">
<td height="17" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; background: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Inventories</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>951.9</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>732.1</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>829.1</font></td>
</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Taxes</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>665.1</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>577.7</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>712.1</font></td>
</tr>
<tr style="height: 12px; background-color: #cceeff;">
<td height="17" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; background: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Other</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>173.1</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>161.3</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>164.4</font></td>
</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Right to use assets</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>40.1</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>35.5</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>38.2</font></td>
</tr>
<tr style="height: 12px; background-color: #cceeff;">
<td height="17" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; background: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Property, plant and equipment / Intangibles / Investments</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>2,962.4</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>2,563.7</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>2,948.3</font></td>
</tr>
<tr style="height: 15px;">
<td height="20" style="height: 15px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: middle; white-space: nowrap; text-align: left; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;"><font style="font-family: 'times new roman', times; font-size: 10pt;">TOTAL OPERATING ASSETS</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: middle; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 15px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: middle; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 15px; text-align: right; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #000000 !important; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>5,500.2</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: middle; white-space: nowrap; height: 15px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: middle; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 15px; text-align: right; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #000000 !important; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>4,650.0</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: middle; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 15px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: middle; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 15px; text-align: right; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #000000 !important; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>5,392.2</font></td>
</tr>
<tr style="height: 13px; background-color: #cceeff;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10.5pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;">OPERATING LIABILITIES</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 13px; background-color: #cceeff;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 13px; text-align: right; background-color: #cceeff;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 13px; text-align: right; background-color: #cceeff;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 13px; text-align: right; background-color: #cceeff;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 13px; text-align: right; background-color: #cceeff;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 13px; text-align: right; background-color: #cceeff;"></td>
</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Suppliers</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>545.9</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>379.7</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>469.9</font></td>
</tr>
<tr style="height: 12px; background-color: #cceeff;">
<td height="17" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; background: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Salaries and related charges</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>114.7</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>88.9</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>110.5</font></td>
</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Taxes</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>36.4</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>36.1</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>34.8</font></td>
</tr>
<tr style="height: 12px; background-color: #cceeff;">
<td height="17" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; background: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Judicial provisions</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>26.8</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>26.9</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>26.3</font></td>
</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Leases payable</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>42.4</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>35.9</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>39.8</font></td>
</tr>
<tr style="height: 12px; background-color: #cceeff;">
<td height="17" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; background: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Other accounts payable</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>43.3</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>52.3</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>39.6</font></td>
</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;"><font style="font-family: 'times new roman', times; font-size: 10pt;">TOTAL OPERATING LIABILITIES</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px; text-align: right; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #000000 !important; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>809.6</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px; text-align: right; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #000000 !important; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>619.8</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px; text-align: right; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #000000 !important; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>721.0</font></td>
</tr>
<tr>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;"><br></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;"><br></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; text-align: right;"><br></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right;"><br></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; text-align: right;"><br></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; text-align: right;"><br></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; text-align: right;"><br></td>
</tr>

</table>
<table border="0" cellpadding="0" cellspacing="0" width="100%" style="border-collapse: collapse; width: 100%; margin-left: 0.1px; height: 345px; font-family: 'times new roman'; font-size: 10pt;">

<tr style="height: 12px;">
<td colspan="11" height="17" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: center; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;"><font style="font-family: 'times new roman', times; font-size: 10pt;">INCOME STATEMENT</font></td>
</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: center; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: center; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: center; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: center; height: 12px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: center; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: center; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: center; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: center; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: center; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: center; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Arial, sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
</tr>
<tr style="height: 7px;">
<td height="10" style="height: 7px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Arial, sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 7px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Arial, sans-serif; vertical-align: bottom; white-space: nowrap; height: 7px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Arial, sans-serif; vertical-align: bottom; white-space: nowrap; height: 7px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Arial, sans-serif; vertical-align: bottom; white-space: nowrap; height: 7px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Arial, sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 7px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Arial, sans-serif; vertical-align: bottom; white-space: nowrap; height: 7px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Arial, sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 7px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Arial, sans-serif; vertical-align: bottom; white-space: nowrap; height: 7px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Arial, sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 7px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Arial, sans-serif; vertical-align: bottom; white-space: nowrap; height: 7px;"></td>
</tr>
<tr style="height: 10px;">
<td height="38" style="height: 10px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: middle; white-space: nowrap; text-align: left; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;"><font style="font-family: 'times new roman', times; font-size: 8pt;"><font style="text-decoration: underline;">In million of Reais</font><font style="mso-spacerun: yes;">&nbsp;</font></font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 10px;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: middle; white-space: normal; text-align: center; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 10px; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;"><font style="font-family: 'times new roman', times; font-size: 8pt;"><font style="mso-spacerun: yes;">&nbsp;</font>2Q20<font style="mso-spacerun: yes;">&nbsp;</font></font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: center; height: 10px;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: middle; white-space: nowrap; text-align: center; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 10px; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;"><font style="font-family: 'times new roman', times; font-size: 8pt;"><font style="mso-spacerun: yes;">&nbsp;</font>2Q19<font style="mso-spacerun: yes;">&nbsp;</font></font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: middle; white-space: nowrap; text-align: center; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 10px;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: middle; white-space: nowrap; text-align: center; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 10px; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;"><font style="font-family: 'times new roman', times; font-size: 8pt;"><font style="mso-spacerun: yes;">&nbsp;</font>1Q20<font style="mso-spacerun: yes;">&nbsp;</font></font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: middle; white-space: nowrap; text-align: center; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 10px;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: middle; white-space: nowrap; text-align: center; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 10px; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;"><font style="font-family: 'times new roman', times; font-size: 8pt;"><font style="mso-spacerun: yes;">&nbsp;</font>1H20<font style="mso-spacerun: yes;">&nbsp;</font></font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: middle; white-space: nowrap; text-align: center; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 10px;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: middle; white-space: nowrap; text-align: center; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 10px; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;"><font style="font-family: 'times new roman', times; font-size: 8pt;"><font style="mso-spacerun: yes;">&nbsp;</font>1H19<font style="mso-spacerun: yes;">&nbsp;</font></font></td>
</tr>
<tr style="height: 12px; background-color: #cceeff;">
<td height="17" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; width: 45%;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Net sales</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 12px; width: 1%;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 12px; text-align: right; width: 10%;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,201.0</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; width: 1%; background-color: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 12px; text-align: right; width: 10%;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,066.3</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 12px; text-align: right; width: 1%;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 12px; text-align: right; width: 10%;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,107.9</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 12px; text-align: right; width: 1%;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 12px; text-align: right; width: 10%;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>2,308.9</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 12px; text-align: right; width: 1%;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 12px; text-align: right; width: 10%;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>2,122.0</font></td>
</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Cost of products sold</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"></td>
</tr>
<tr style="height: 12px; background-color: #cceeff;">
<td height="17" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>Variable</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(798.4)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(723.5)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(729.0)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(1,527.4)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(1,462.0)</font></td>
</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>Fixed</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(124.5)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(132.1)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(102.4)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(226.9)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(244.0)</font></td>
</tr>
<tr style="height: 12px; background-color: #cceeff;">
<td height="17" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>Depreciation and amortization</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(50.2)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(45.8)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(45.5)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(95.7)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(94.0)</font></td>
</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Gross profit</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px; text-align: right; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #000000 !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>227.9</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px; text-align: right; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #000000 !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>165.0</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px; text-align: right; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #000000 !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>231.0</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px; text-align: right; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #000000 !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>458.9</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px; text-align: right; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #000000 !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>322.0</font></td>
</tr>
<tr style="height: 12px; background-color: #cceeff;">
<td height="17" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Operating expenses</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff;"></td>
</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>Selling</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(89.8)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(83.2)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(84.5)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(174.4)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(164.6)</font></td>
</tr>
<tr style="height: 12px; background-color: #cceeff;">
<td height="17" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>General and administrative</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(89.2)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(90.0)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(109.7)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(198.9)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(180.9)</font></td>
</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Other operating income</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1.3</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>0.9</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>71.9</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>73.2</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>2.2</font></td>
</tr>
<tr style="height: 12px; background-color: #cceeff;">
<td height="17" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Gain (loss) on disposal of property,<br>plant and equipment and intangibles</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(0.0)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>0.1</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(0.2)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(0.2)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>0.4</font></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: middle; white-space: nowrap; text-align: left; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Operating income (loss)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: middle; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 13px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: middle; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 13px; text-align: right; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #000000 !important; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>50.1</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: middle; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: middle; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 13px; text-align: right; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #000000 !important; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(7.2)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: middle; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: middle; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 13px; text-align: right; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #000000 !important; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>108.5</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: middle; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: middle; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 13px; text-align: right; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #000000 !important; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>158.6</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: middle; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: middle; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 13px; text-align: right; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #000000 !important; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(20.9)</font></td>
</tr>
<tr style="height: 12px; background-color: #cceeff;">
<td height="17" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Share of profit of subsidiaries,<br>joint ventures and associates</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>0.1</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>0.3</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>0.2</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>0.3</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>0.3</font></td>
</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Adjusted EBITDA</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px; text-align: right; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>161.6</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px; text-align: right; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>44.7</font></td>
<td align="center" style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px; text-align: right;"><br></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px; text-align: right; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>192.6</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px; text-align: right; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>354.1</font></td>
<td align="center" style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px; text-align: right;"><br></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px; text-align: right; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>84.3</font></td>
</tr>
<tr style="height: 12px; background-color: #cceeff;">
<td height="17" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Depreciation and amortization</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>68.2</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>51.6</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>64.2</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>132.4</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>104.9</font></td>
</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Cash flow hedge bonds</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>43.1</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>-<font style="mso-spacerun: yes;">&nbsp;&nbsp; </font></font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>19.6</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>62.7</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>-<font style="mso-spacerun: yes;">&nbsp;&nbsp; </font></font></td>
</tr>
<tr style="height: 12px; background-color: #cceeff;">
<td height="17" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; background-color: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Ratios</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; background-color: #cceeff;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff;"></td>
</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp; </font>Gross margin (R$/ton)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,371</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>899</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,279</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,323</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>886</font></td>
</tr>
<tr style="height: 15px; background-color: #cceeff;">
<td height="20" style="height: 15px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp; </font>Gross margin (US$/ton)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 15px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>254</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>229</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 15px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>287</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 15px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>269</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 15px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>230</font></td>
</tr>
<tr style="height: 15px;">
<td height="20" style="height: 15px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp; </font>Operating margin (R$/ton)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 15px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>302</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(39)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 15px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>601</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 15px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>457</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 15px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(58)</font></td>
</tr>
<tr style="height: 15px; background-color: #cceeff;">
<td height="20" style="height: 15px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp; </font>Operating margin (US$/ton)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 15px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>56</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(10)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 15px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>135</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 15px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>93</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 15px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(15)</font></td>
</tr>
<tr style="height: 15px;">
<td height="20" style="height: 15px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp; </font>EBITDA margin (R$/ton)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 15px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>972</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>244</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 15px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,066</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 15px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,021</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 15px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>232</font></td>
</tr>
<tr style="height: 15px; background-color: #cceeff;">
<td height="20" style="height: 15px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp; </font>EBITDA margin (US$/ton)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 15px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>180</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>62</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 15px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>239</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 15px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>207</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 15px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>60</font></td>
</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Number of employees</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,834</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,884</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,813</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,834</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,884</font></td>
</tr>

</table>
<p style="margin: 0pt; text-align: center;"><br></p>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>146</font></font></td>
</tr>

</table>
<hr style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<table style="width: 100%; margin-left: 0.1px; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td style="width: 50%;">
<p style="margin: 0in 0in 0.0001pt; font-size: 10pt; font-family: 'Century Gothic', sans-serif; color: #000000;"><font style="font-size: 14.0pt; mso-bidi-font-size: 9.5pt; font-family: 'Open Sans','sans-serif'; color: #051272; mso-themecolor: accent1;"><font style="mso-spacerun: yes;">&nbsp;</font></font><font style="font-size: 14.0pt; mso-bidi-font-size: 9.5pt; font-family: 'Open Sans','sans-serif'; color: #051272; mso-themecolor: accent1; mso-ansi-language: EN-US;">2<sup>nd</sup> QUARTER 2020</font><font style="mso-ansi-language: EN-US;"></font></p>
</td>
<td style="width: 50%; text-align: right;"><img src="imgrun0yy2lxft05523320.jpg" alt="Graphics"></td>
</tr>

</table>
<p style="margin: 0pt; text-align: center;"><br></p>
<table border="0" cellpadding="0" cellspacing="0" width="100%" style="height: 0px; border-collapse: collapse; width: 100%; margin-left: 0px; font-family: 'times new roman'; font-size: 10pt;">

<tr style="height: 12px;">
<td colspan="7" height="17" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">IPIRANGA</font></td>
</tr>
<tr style="height: 12px;">
<td colspan="7" height="17" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">BALANCE SHEET</font></td>
</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: Arial, sans-serif; vertical-align: bottom; white-space: nowrap;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Arial, sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Arial, sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Arial, sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Arial, sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Arial, sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Arial, sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px;"></td>
</tr>
<tr style="height: 10px;">
<td height="37" style="height: 10px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: middle; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;"><font style="text-decoration: underline; font-size: 8pt;"><font style="font-family: 'times new roman', times;">In million of Reais</font></font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 10px;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: middle; white-space: normal; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 10px; text-align: center; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;"><font style="font-family: 'times new roman', times; font-size: 8pt;"><font style="mso-spacerun: yes;">&nbsp;</font>JUN 20<font style="mso-spacerun: yes;">&nbsp;</font></font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 10px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: middle; white-space: normal; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 10px; text-align: center; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;"><font style="font-family: 'times new roman', times; font-size: 8pt;"><font style="mso-spacerun: yes;">&nbsp;</font>JUN 19<font style="mso-spacerun: yes;">&nbsp;</font></font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: middle; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 10px;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: middle; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 10px; text-align: center; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;"><font style="font-family: 'times new roman', times; font-size: 8pt;"><font style="mso-spacerun: yes;">&nbsp;</font>MAR 19<font style="mso-spacerun: yes;">&nbsp;</font></font></td>
</tr>
<tr style="height: 13px; background-color: #cceeff;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10.5pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; width: 61%; background-color: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;">OPERATING ASSETS</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 13px; width: 1%; background-color: #cceeff;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 13px; width: 12%; background-color: #cceeff;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 13px; width: 1%; background-color: #cceeff;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 13px; width: 12%; background-color: #cceeff;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 13px; width: 1%; background-color: #cceeff;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 13px; width: 12%; background-color: #cceeff;"></td>
</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Trade receivables</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>2,335.9</font></td>
<td align="center" style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><br></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>3,012.3</font></td>
<td align="center" style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px; text-align: right;"><br></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>2,431.9</font></td>
</tr>
<tr style="height: 12px; background-color: #cceeff;">
<td height="17" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Non-current trade receivables</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>439.2</font></td>
<td align="center" style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff;"><br></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>356.7</font></td>
<td align="center" style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 12px; text-align: right;"><br></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>388.3</font></td>
</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Inventories</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,385.7</font></td>
<td align="center" style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><br></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,826.9</font></td>
<td align="center" style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px; text-align: right;"><br></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,910.9</font></td>
</tr>
<tr style="height: 12px; background-color: #cceeff;">
<td height="17" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Taxes</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,089.6</font></td>
<td align="center" style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff;"><br></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>644.0</font></td>
<td align="center" style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 12px; text-align: right;"><br></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>946.2</font></td>
</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Contractual assets with customers - exclusive rights</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,593.9</font></td>
<td align="center" style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><br></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,456.3</font></td>
<td align="center" style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px; text-align: right;"><br></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,533.3</font></td>
</tr>
<tr style="height: 12px; background-color: #cceeff;">
<td height="17" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Other</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>533.6</font></td>
<td align="center" style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff;"><br></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>585.4</font></td>
<td align="center" style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 12px; text-align: right;"><br></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>539.9</font></td>
</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Right to use assets</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,073.8</font></td>
<td align="center" style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><br></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>985.3</font></td>
<td align="center" style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px; text-align: right;"><br></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,002.4</font></td>
</tr>
<tr style="height: 12px; background-color: #cceeff;">
<td height="17" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Property, plant and equipment / Intangibles / Investments</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>3,593.3</font></td>
<td align="center" style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff;"><br></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>3,492.6</font></td>
<td align="center" style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 12px; text-align: right;"><br></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>3,615.8</font></td>
</tr>
<tr style="height: 14px;">
<td height="19" style="height: 14px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: middle; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;"><font style="font-family: 'times new roman', times; font-size: 10pt;">TOTAL OPERATING ASSETS</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: middle; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 14px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: middle; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 14px; text-align: right; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #000000 !important; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>12,044.9</font></td>
<td align="center" style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: middle; white-space: nowrap; height: 14px; text-align: right;"><br></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: middle; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 14px; text-align: right; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #000000 !important; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>12,359.5</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: middle; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: middle; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 14px; text-align: right; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #000000 !important; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>12,368.8</font></td>
</tr>
<tr style="height: 13px; background-color: #cceeff;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10.5pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;">OPERATING LIABILITIES</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 13px; background-color: #cceeff;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 13px; text-align: right; background-color: #cceeff;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 13px; text-align: right; background-color: #cceeff;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 13px; text-align: right; background-color: #cceeff;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 13px; text-align: right; background-color: #cceeff;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 13px; text-align: right; background-color: #cceeff;"></td>
</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Suppliers</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,690.3</font></td>
<td align="center" style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><br></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,814.5</font></td>
<td align="center" style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px; text-align: right;"><br></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,575.5</font></td>
</tr>
<tr style="height: 12px; background-color: #cceeff;">
<td height="17" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Salaries and related charges</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>108.0</font></td>
<td align="center" style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff;"><br></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>109.6</font></td>
<td align="center" style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 12px; text-align: right;"><br></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>76.3</font></td>
</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Post-employment benefits</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>234.6</font></td>
<td align="center" style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><br></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>202.5</font></td>
<td align="center" style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px; text-align: right;"><br></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>235.0</font></td>
</tr>
<tr style="height: 12px; background-color: #cceeff;">
<td height="17" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Taxes</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>140.6</font></td>
<td align="center" style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff;"><br></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>151.4</font></td>
<td align="center" style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 12px; text-align: right;"><br></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>153.3</font></td>
</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Judicial provisions</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>299.8</font></td>
<td align="center" style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><br></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>332.9</font></td>
<td align="center" style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px; text-align: right;"><br></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>334.0</font></td>
</tr>
<tr style="height: 12px; background-color: #cceeff;">
<td height="17" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Leases payable</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>709.9</font></td>
<td align="center" style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff;"><br></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>664.7</font></td>
<td align="center" style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 12px; text-align: right;"><br></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>642.5</font></td>
</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Other accounts payable</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>286.4</font></td>
<td align="center" style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><br></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>252.7</font></td>
<td align="center" style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px; text-align: right;"><br></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>275.7</font></td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td height="17" style="height: 10px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;">TOTAL OPERATING LIABILITIES</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 10px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 10px; text-align: right; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #000000 !important; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>3,469.7</font></td>
<td align="center" style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 10px; text-align: right; background-color: #cceeff;"><br></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 10px; text-align: right; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #000000 !important; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>3,528.4</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 10px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 10px; text-align: right; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #000000 !important; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>3,292.3</font></td>
</tr>

</table>
<table border="0" cellpadding="0" cellspacing="0" width="100%" style="height: 298px; border-collapse: collapse; width: 100%; margin-left: 0.1px; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: center; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;" colspan="11"><br></td>
</tr>
<tr style="height: 12px;">
<td colspan="11" height="17" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: center; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;"><font style="font-family: 'times new roman', times; font-size: 10pt;">INCOME STATEMENT</font></td>
</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: Arial, sans-serif; vertical-align: bottom; white-space: nowrap;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Arial, sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Arial, sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Arial, sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Arial, sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Arial, sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Arial, sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Arial, sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Arial, sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Arial, sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Arial, sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px;"></td>
</tr>
<tr style="height: 7px;">
<td height="10" style="height: 7px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Arial, sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 7px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Arial, sans-serif; vertical-align: bottom; white-space: nowrap; height: 7px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Arial, sans-serif; vertical-align: bottom; white-space: nowrap; height: 7px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Arial, sans-serif; vertical-align: bottom; white-space: nowrap; height: 7px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Arial, sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 7px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Arial, sans-serif; vertical-align: bottom; white-space: nowrap; height: 7px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Arial, sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 7px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Arial, sans-serif; vertical-align: bottom; white-space: nowrap; height: 7px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Arial, sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 7px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Arial, sans-serif; vertical-align: bottom; white-space: nowrap; height: 7px;"></td>
</tr>
<tr style="height: 10px;">
<td height="38" style="height: 10px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: middle; white-space: nowrap; text-align: left; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;"><font style="text-decoration: underline; font-family: 'times new roman', times; font-size: 8pt;">In million of Reais</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 10px;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: middle; white-space: normal; text-align: center; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 10px; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;"><font style="font-family: 'times new roman', times; font-size: 8pt;"><font style="mso-spacerun: yes;">&nbsp;</font>2Q20<font style="mso-spacerun: yes;">&nbsp;</font></font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: center; height: 10px;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: middle; white-space: nowrap; text-align: center; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 10px; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;"><font style="font-family: 'times new roman', times; font-size: 8pt;"><font style="mso-spacerun: yes;">&nbsp;</font>2Q19<font style="mso-spacerun: yes;">&nbsp;</font></font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: middle; white-space: nowrap; text-align: center; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 10px;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: middle; white-space: nowrap; text-align: center; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 10px; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;"><font style="font-family: 'times new roman', times; font-size: 8pt;"><font style="mso-spacerun: yes;">&nbsp;</font>1Q20<font style="mso-spacerun: yes;">&nbsp;</font></font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: middle; white-space: nowrap; text-align: center; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 10px;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: middle; white-space: nowrap; text-align: center; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 10px; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;"><font style="font-family: 'times new roman', times; font-size: 8pt;"><font style="mso-spacerun: yes;">&nbsp;</font>1H20<font style="mso-spacerun: yes;">&nbsp;</font></font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: middle; white-space: nowrap; text-align: center; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 10px;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: middle; white-space: nowrap; text-align: center; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 10px; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;"><font style="font-family: 'times new roman', times; font-size: 8pt;"><font style="mso-spacerun: yes;">&nbsp;</font>1H19<font style="mso-spacerun: yes;">&nbsp;</font></font></td>
</tr>
<tr style="height: 12px; background-color: #cceeff;">
<td height="17" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; width: 45%;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Net sales</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 12px; width: 1%;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 12px; text-align: right; width: 10%;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>12,350.2</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; width: 1%; background-color: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 12px; text-align: right; width: 10%;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>18,223.5</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 12px; text-align: right; width: 1%;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 12px; text-align: right; width: 10%;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>17,899.6</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 12px; text-align: right; width: 1%;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 12px; text-align: right; width: 10%;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>30,249.8</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 12px; text-align: right; width: 1%;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 12px; text-align: right; width: 10%;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>35,651.5</font></td>
</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Cost of products and services sold</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(12,035.0)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(17,431.8)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(17,204.6)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(29,239.6)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(33,997.3)</font></td>
</tr>
<tr style="height: 12px; background-color: #cceeff;">
<td height="17" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Gross profit</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 12px; text-align: right; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #000000 !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>315.2</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 12px; text-align: right; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #000000 !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>791.7</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 12px; text-align: right; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #000000 !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>695.0</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 12px; text-align: right; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #000000 !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,010.2</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 12px; text-align: right; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #000000 !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,654.2</font></td>
</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Operating expenses</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"></td>
</tr>
<tr style="height: 12px; background-color: #cceeff;">
<td height="17" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>Selling</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(273.2)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(341.1)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(307.8)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(581.0)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(668.1)</font></td>
</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>General and administrative</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(88.6)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(187.2)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(158.9)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(247.5)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(347.9)</font></td>
</tr>
<tr style="height: 12px; background-color: #cceeff;">
<td height="17" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Other operating income</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>21.9</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>41.1</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>44.1</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>66.0</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>65.2</font></td>
</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Gain (loss) on disposal of property,<br>plant and equipment and intangibles</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>14.0</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(1.8)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>6.5</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>20.5</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(2.8)</font></td>
</tr>
<tr style="height: 12px; background-color: #cceeff;">
<td height="17" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; background: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Operating income (loss)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 12px; text-align: right; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #000000 !important; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(10.8)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 12px; text-align: right; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #000000 !important; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>302.5</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 12px; text-align: right; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #000000 !important; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>279.0</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 12px; text-align: right; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #000000 !important; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>268.2</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 12px; text-align: right; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #000000 !important; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>700.6</font></td>
</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Share of profit of subsidiaries,<br>joint ventures and associates</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>0.8</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>0.5</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>0.4</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1.1</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>0.9</font></td>
</tr>
<tr style="height: 12px; background-color: #cceeff;">
<td height="17" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Adjusted EBITDA</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 12px; text-align: right; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>178.7</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 12px; text-align: right; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>510.7</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 12px; text-align: right; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>479.9</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 12px; text-align: right; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>658.6</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 12px; text-align: right; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,107.7</font></td>
</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Depreciation and amortization&#185;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>188.7</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>207.7</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>200.5</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>389.2</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>406.2</font></td>
</tr>
<tr style="height: 12px; background-color: #cceeff;">
<td height="17" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; background-color: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Ratios</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; background-color: #cceeff;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 12px; background-color: #cceeff;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 12px; background-color: #cceeff;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 12px; background-color: #cceeff;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; height: 12px; background-color: #cceeff;"></td>
</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp; </font>Gross margin (R$/m&#179;)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>68</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>141</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>127</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>100</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>148</font></td>
</tr>
<tr style="height: 12px; background-color: #cceeff;">
<td height="17" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp; </font>Operating margin (R$/m&#179;)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(2)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>54</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>51</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>27</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>63</font></td>
</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp; </font>Adjusted EBITDA margin (R$/m&#179;)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>39</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>91</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>87</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>65</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>99</font></td>
</tr>
<tr style="height: 12px; background-color: #cceeff;">
<td height="17" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp; </font>Adjusted EBITDA margin (%)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td align="right" style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1.4%</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff;"></td>
<td align="right" style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2.8%</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td align="right" style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2.7%</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td align="right" style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2.2%</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td align="right" style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;">3.1%</font></td>
</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Number of service stations</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>7,105</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>7,186</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>7,106</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>7,105</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>7,186</font></td>
</tr>
<tr style="height: 12px; background-color: #cceeff;">
<td height="17" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; background-color: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Number of employees</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; background-color: #cceeff;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>3,351</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>3,404</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>3,341</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>3,351</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>3,404</font></td>
</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><br></td>
</tr>
<tr style="height: 17px;">
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; height: 17px;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 12px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: nowrap; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">&#185; Includes amortization with contractual<br>assets with customers - exclusive rights</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 17px;"><br></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 17px;"><br></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 17px;"><br></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 17px;"><br></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 17px;"><br></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 17px;"><br></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 17px;"><br></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 17px;"><br></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 17px;"><br></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; height: 17px;"><br></td>
</tr>

</table>
<p style="margin: 0pt; text-align: center;"><br></p>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>147</font></font></td>
</tr>

</table>
<hr style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<table style="width: 100%; margin-left: 0.1px; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td style="width: 50%;">
<p style="margin: 0in 0in 0.0001pt; font-size: 10pt; font-family: 'Century Gothic', sans-serif; color: #000000;"><font style="font-size: 14.0pt; mso-bidi-font-size: 9.5pt; font-family: 'Open Sans','sans-serif'; color: #051272; mso-themecolor: accent1;"><font style="mso-spacerun: yes;">&nbsp;</font></font><font style="font-size: 14.0pt; mso-bidi-font-size: 9.5pt; font-family: 'Open Sans','sans-serif'; color: #051272; mso-themecolor: accent1; mso-ansi-language: EN-US;">2<sup>nd</sup> QUARTER 2020</font><font style="mso-ansi-language: EN-US;"></font></p>
</td>
<td style="width: 50%; text-align: right;"><img src="imgrbwvszpoc4s05523320.jpg" alt="Graphics"></td>
</tr>

</table>
<p style="margin: 0pt; text-align: center;"><br></p>
<table border="0" cellpadding="0" cellspacing="0" width="100%" style="height: 0px; border-collapse: collapse; width: 100%; font-family: 'times new roman'; font-size: 10pt; margin-left: 0px;">

<tr style="height: 12px;">
<td colspan="7" height="17" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">EXTRAFARMA</font></td>
</tr>
<tr style="height: 12px;">
<td colspan="7" height="17" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: center; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;"><font style="font-family: 'times new roman', times; font-size: 10pt;">BALANCE SHEET</font></td>
</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: Arial, sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Arial, sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Arial, sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Arial, sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Arial, sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Arial, sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Arial, sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
</tr>
<tr style="height: 10px;">
<td height="38" style="height: 10px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: middle; white-space: nowrap; text-align: left; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;"><font style="text-decoration: underline; font-size: 8pt;"><font style="font-family: 'times new roman', times;">In million of Reais</font></font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: right; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 10px;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: middle; white-space: normal; text-align: center; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 10px; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;"><font style="font-family: 'times new roman', times; font-size: 8pt;"><font style="mso-spacerun: yes;">&nbsp;</font>JUN 20<font style="mso-spacerun: yes;">&nbsp;</font></font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: center; height: 10px;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: middle; white-space: normal; text-align: center; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 10px; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;"><font style="font-family: 'times new roman', times; font-size: 8pt;"><font style="mso-spacerun: yes;">&nbsp;</font>JUN 19<font style="mso-spacerun: yes;">&nbsp;</font></font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: middle; white-space: nowrap; text-align: center; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 10px;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: middle; white-space: nowrap; text-align: center; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 10px; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;"><font style="font-family: 'times new roman', times; font-size: 8pt;"><font style="mso-spacerun: yes;">&nbsp;</font>MAR 19<font style="mso-spacerun: yes;">&nbsp;</font></font></td>
</tr>
<tr style="height: 13px; background-color: #cceeff;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10.5pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; width: 61%; background-color: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;">OPERATING ASSETS</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 13px; width: 1%; background-color: #cceeff;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 13px; width: 12%; background-color: #cceeff;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 13px; width: 1%; background-color: #cceeff;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 13px; width: 12%; background-color: #cceeff;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 13px; width: 1%; background-color: #cceeff;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 13px; width: 12%; background-color: #cceeff;"></td>
</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Trade receivables</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>66.5</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>176.1</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>71.2</font></td>
</tr>
<tr style="height: 12px; background-color: #cceeff;">
<td height="17" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; background: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Inventories</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>491.9</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; background-color: #cceeff;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>578.2</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>538.7</font></td>
</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Taxes</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>213.7</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>181.3</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>223.9</font></td>
</tr>
<tr style="height: 12px; background-color: #cceeff;">
<td height="17" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; background: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Other</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>29.6</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; background-color: #cceeff;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>23.5</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>31.6</font></td>
</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Right to use assets</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>402.5</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>484.4</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>415.9</font></td>
</tr>
<tr style="height: 12px; background-color: #cceeff;">
<td height="17" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; background: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Property, plant and equipment / Intangibles</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>508.8</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; background-color: #cceeff;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,137.8</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>526.5</font></td>
</tr>
<tr style="height: 15px;">
<td height="20" style="height: 15px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;"><font style="font-family: 'times new roman', times; font-size: 10pt;">TOTAL OPERATING ASSETS</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 15px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 15px; text-align: right; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #000000 !important; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,713.0</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 15px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 15px; text-align: right; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #000000 !important; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>2,581.2</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 15px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 15px; text-align: right; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #000000 !important; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,807.7</font></td>
</tr>
<tr style="height: 13px; background-color: #cceeff;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10.5pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;">OPERATING LIABILITIES</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 13px; background-color: #cceeff;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 13px; text-align: right; background-color: #cceeff;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 13px; background-color: #cceeff;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 13px; text-align: right; background-color: #cceeff;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 13px; background-color: #cceeff;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 13px; text-align: right; background-color: #cceeff;"></td>
</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Suppliers</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>179.0</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>180.4</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>232.2</font></td>
</tr>
<tr style="height: 12px; background-color: #cceeff;">
<td height="17" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; background: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Salaries and related charges</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>58.6</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; background-color: #cceeff;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>55.9</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>42.1</font></td>
</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Taxes</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>27.5</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>25.4</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>33.6</font></td>
</tr>
<tr style="height: 12px; background-color: #cceeff;">
<td height="17" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; background: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Judicial provisions</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>9.7</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; background-color: #cceeff;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>40.3</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>20.3</font></td>
</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Leases payable</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>403.4</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>461.6</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>412.9</font></td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td height="17" style="height: 10px; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; background: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Other accounts payable</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 10px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 10px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>11.1</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 10px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>16.1</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 10px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 10px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>18.1</font></td>
</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;"><font style="font-family: 'times new roman', times; font-size: 10pt;">TOTAL OPERATING LIABILITIES</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px; text-align: right; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #000000 !important; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>689.3</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px; text-align: right; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #000000 !important; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>779.7</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px; text-align: right; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #000000 !important; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; border-bottom-color: #000000 !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>759.1</font></td>
</tr>

</table>
<table border="0" cellpadding="0" cellspacing="0" width="100%" style="height: 294px; border-collapse: collapse; width: 100%; font-family: 'times new roman'; font-size: 10pt; margin-left: 0.1px;">

<tr style="height: 17px;">
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: center; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 17px;" colspan="11"><br></td>
</tr>
<tr style="height: 12px;">
<td colspan="11" height="17" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: center; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;"><font style="font-family: 'times new roman', times; font-size: 10pt;">INCOME STATEMENT</font></td>
</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: center; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: center; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: center; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: center; height: 12px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: center; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: center; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: center; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: center; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: center; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: center; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: center; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
</tr>
<tr style="height: 9px;">
<td height="12" style="height: 9px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Arial, sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 9px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Arial, sans-serif; vertical-align: bottom; white-space: nowrap; height: 9px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Arial, sans-serif; vertical-align: bottom; white-space: nowrap; height: 9px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Arial, sans-serif; vertical-align: bottom; white-space: nowrap; height: 9px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Arial, sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 9px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Arial, sans-serif; vertical-align: bottom; white-space: nowrap; height: 9px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 9px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 9px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 9px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 9px;"></td>
</tr>
<tr style="height: 10px;">
<td height="38" style="height: 10px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: middle; white-space: nowrap; text-align: left; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;"><font style="font-family: 'times new roman', times; font-size: 8pt;"><font style="text-decoration: underline;">In million of Reais</font><font style="mso-spacerun: yes;">&nbsp;</font></font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: middle; white-space: nowrap; text-align: right; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 10px;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: middle; white-space: normal; text-align: center; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 10px; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;"><font style="font-family: 'times new roman', times; font-size: 8pt;"><font style="mso-spacerun: yes;">&nbsp;</font>2Q20<font style="mso-spacerun: yes;">&nbsp;</font></font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: center; height: 10px;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: middle; white-space: nowrap; text-align: center; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 10px; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;"><font style="font-family: 'times new roman', times; font-size: 8pt;"><font style="mso-spacerun: yes;">&nbsp;</font>2Q19<font style="mso-spacerun: yes;">&nbsp;</font></font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: middle; white-space: nowrap; text-align: center; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 10px;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: middle; white-space: nowrap; text-align: center; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 10px; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;"><font style="font-family: 'times new roman', times; font-size: 8pt;"><font style="mso-spacerun: yes;">&nbsp;</font>1Q20<font style="mso-spacerun: yes;">&nbsp;</font></font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: middle; white-space: nowrap; text-align: center; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 10px;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: middle; white-space: nowrap; text-align: center; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 10px; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;"><font style="font-family: 'times new roman', times; font-size: 8pt;">1H20</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: middle; white-space: nowrap; text-align: center; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 10px;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: middle; white-space: nowrap; text-align: center; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 10px; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;"><font style="font-family: 'times new roman', times; font-size: 8pt;">1H19</font></td>
</tr>
<tr style="height: 12px; background-color: #cceeff;">
<td height="17" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; width: 45%;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Gross revenues</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 12px; width: 1%;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 12px; text-align: right; width: 10%;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>514.7</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; background-color: #cceeff; width: 1%;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 12px; text-align: right; width: 10%;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>559.5</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 12px; width: 1%;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 12px; text-align: right; width: 10%;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>520.9</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 12px; width: 1%;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 12px; text-align: right; width: 10%;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,035.5</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 12px; text-align: right; width: 1%;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 12px; text-align: right; width: 10%;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,105.2</font></td>
</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Sales returns, discounts and taxes</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(30.6)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(29.7)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(27.5)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(58.1)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(59.0)</font></td>
</tr>
<tr style="height: 12px; background-color: #cceeff;">
<td height="17" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Net sales</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 12px; text-align: right; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #000000 !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>484.1</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; background-color: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 12px; text-align: right; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #000000 !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>529.8</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 12px; text-align: right; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #000000 !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>493.3</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 12px; text-align: right; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #000000 !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>977.4</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 12px; text-align: right; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #000000 !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,046.1</font></td>
</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Cost of products and services sold</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(342.7)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(378.5)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(348.5)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(691.2)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(753.3)</font></td>
</tr>
<tr style="height: 12px; background-color: #cceeff;">
<td height="17" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Gross profit</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 12px; text-align: right; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #000000 !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>141.3</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; background-color: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 12px; text-align: right; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #000000 !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>151.3</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 12px; text-align: right; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #000000 !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>144.8</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 12px; text-align: right; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #000000 !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>286.2</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 12px; text-align: right; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #000000 !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>292.8</font></td>
</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Operating expenses</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(163.3)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(191.6)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(174.4)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(337.7)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(376.9)</font></td>
</tr>
<tr style="height: 12px; background-color: #cceeff;">
<td height="17" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Other operating income</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(0.6)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; background-color: #cceeff;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>16.4</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(0.3)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(0.9)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>25.2</font></td>
</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Gain (loss) on disposal of property,<br>plant and equipment and intangibles</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(2.3)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>2.4</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(0.0)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(2.4)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>0.0</font></td>
</tr>
<tr style="height: 12px; background-color: #cceeff;">
<td height="17" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; background-color: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Impairment</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>-<font style="mso-spacerun: yes;">&nbsp;&nbsp; </font></font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; background-color: #cceeff;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>-<font style="mso-spacerun: yes;">&nbsp;&nbsp; </font></font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>-<font style="mso-spacerun: yes;">&nbsp;&nbsp; </font></font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: middle; white-space: nowrap; background: #cceeff; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>-<font style="mso-spacerun: yes;">&nbsp;&nbsp; </font></font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: middle; white-space: nowrap; background: #cceeff; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>-<font style="mso-spacerun: yes;">&nbsp;&nbsp; </font></font></td>
</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Operating income (loss)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px; text-align: right; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #000000 !important; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(24.8)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px; text-align: right; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #000000 !important; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(21.5)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px; text-align: right; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #000000 !important; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(29.9)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px; text-align: right; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #000000 !important; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(54.8)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px; text-align: right; border-top-width: 1pt !important; border-top-style: solid !important; border-top-color: #000000 !important; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(58.9)</font></td>
</tr>
<tr style="height: 12px; background-color: #cceeff;">
<td height="17" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;">EBITDA</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>13.7</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; background-color: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>18.1</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>8.9</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>22.5</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>19.3</font></td>
</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Depreciation and amortization</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>38.5</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>39.6</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>38.8</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>77.3</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>78.2</font></td>
</tr>
<tr style="height: 12px; background-color: #cceeff;">
<td height="17" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; background-color: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Ratios&#185;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; background-color: #cceeff;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; background-color: #cceeff;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; height: 12px; background-color: #cceeff;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; height: 12px; background-color: #cceeff;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff;"></td>
</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Gross margin</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td align="right" style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">27.5%</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px;"></td>
<td align="right" style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">27.0%</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td align="right" style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">27.8%</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td align="right" style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">27.6%</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td align="right" style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">26.5%</font></td>
</tr>
<tr style="height: 12px; background-color: #cceeff;">
<td height="17" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; background-color: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Operating margin</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background: #cceeff; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td align="right" style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(4.8%)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; background-color: #cceeff;"></td>
<td align="right" style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(3.8%)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; background-color: #cceeff;"></td>
<td align="right" style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(5.7%)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; background-color: #cceeff;"></td>
<td align="right" style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(5.3%)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff;"></td>
<td align="right" style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(5.3%)</font></td>
</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left;"><font style="font-family: 'times new roman', times; font-size: 10pt;">EBITDA margin</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 12px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td align="right" style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2.7%</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px;"></td>
<td align="right" style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">3.2%</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px;"></td>
<td align="right" style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1.7%</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px;"></td>
<td align="right" style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2.2%</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"></td>
<td align="right" style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1.7%</font></td>
</tr>
<tr style="height: 12px; background-color: #cceeff;">
<td height="17" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; background-color: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Number of employees</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; background-color: #cceeff;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>6,095</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; background-color: #cceeff;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>6,989</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; height: 12px; background-color: #cceeff;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>6,108</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; text-align: left; height: 12px; background-color: #cceeff;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>6,095</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; height: 12px; text-align: right; background-color: #cceeff;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>6,989</font></td>
</tr>
<tr style="height: 17px;">
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 8pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 17px;"><br></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: Arial, sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 17px;"><br></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: Arial, sans-serif; vertical-align: bottom; white-space: nowrap; height: 17px;"><br></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: Arial, sans-serif; vertical-align: bottom; white-space: nowrap; height: 17px;"><br></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: Arial, sans-serif; vertical-align: bottom; white-space: nowrap; height: 17px;"><br></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: Arial, sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 17px;"><br></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: Arial, sans-serif; vertical-align: bottom; white-space: nowrap; height: 17px;"><br></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 17px;"><br></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: normal; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 17px;"><br></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 17px;"><br></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: normal; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 17px;"><br></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 8pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&#185; Calculated based on gross revenues</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: Arial, sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 13px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: Arial, sans-serif; vertical-align: bottom; white-space: nowrap; height: 13px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: Arial, sans-serif; vertical-align: bottom; white-space: nowrap; height: 13px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: Arial, sans-serif; vertical-align: bottom; white-space: nowrap; height: 13px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: Arial, sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 13px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: Arial, sans-serif; vertical-align: bottom; white-space: nowrap; height: 13px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Open Sans', sans-serif; vertical-align: bottom; white-space: nowrap; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; height: 13px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
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<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>148</font></font></td>
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<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
</div>
<p><br></p>
</div><div style="font-family: 'times new roman', times; font-size: 10pt;">
<p align="center" style="text-align: center; line-height: 1.1; margin: 0in 0in 0.0001pt; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><b style="mso-bidi-font-weight: normal;"><font lang="PT-BR" style="line-height: inherit;">ULTRAPAR PARTICIPA&#199;&#213;ES S.A.</font></b></font></p>
<p align="center" style="text-align: center; line-height: 1.1; margin: 0in 0in 0.0001pt; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><b style="mso-bidi-font-weight: normal;"><font lang="PT-BR" style="line-height: inherit;"><br></font></b></font></p>
<p align="center" style="text-align: center; line-height: 1.1; margin: 0in 0in 0.0001pt; font-size: 11pt; font-family: Tahoma, sans-serif; letter-spacing: 0.8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><b style="mso-bidi-font-weight: normal;"><font lang="PT-BR" style="line-height: inherit;">&nbsp;</font></b></font><font lang="PT-BR" style="font-family: arial, helvetica, sans-serif; font-size: 9pt; line-height: inherit;"><font style="font-weight: bold; font-family: 'times new roman', times; font-size: 10pt;">Publicly-Traded Company</font></font></p>
<p align="center" style="text-align: center; line-height: 1.1; margin: 0in 0in 0.0001pt; font-size: 11pt; font-family: Tahoma, sans-serif; letter-spacing: 0.8pt;"><font lang="PT-BR" style="font-size: 9pt; line-height: inherit; font-family: arial, helvetica, sans-serif;">&nbsp;</font></p>
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<p align="center" style="text-align: center; line-height: 150%; margin: 0in 0in 0.0001pt; font-size: 11pt; font-family: Tahoma, sans-serif;"><font style="font-size: 10pt; line-height: 150%; font-family: 'times new roman', times;">CNPJ n<sup>r</sup> 33.256.439/0001-39</font></p>
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<td width="280" valign="top" style="width: 210.25pt; padding: 0in 5.4pt 0in 5.4pt;">
<p align="center" style="text-align: center; line-height: 150%; margin: 0in 0in 0.0001pt; font-size: 11pt;"><font style="font-size: 10pt; line-height: 150%; font-family: 'times new roman', times;">NIRE 35.300.109.724</font></p>
</td>
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</table>
<p align="center" style="text-align: center; line-height: 150%; margin: 0in 0in 0.0001pt; font-size: 11pt; font-family: Tahoma, sans-serif; letter-spacing: 0.8pt;"><font style="font-size: 9pt; line-height: 150%; font-family: arial, helvetica, sans-serif;">&nbsp;</font></p>
<p align="center" style="text-align: center; line-height: 150%; margin: 0in 0in 0.0001pt; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b style="mso-bidi-font-weight: normal;"><font style="line-height: 150%;">MINUTES OF THE MEETING OF THE BOARD OF DIRECTORS</font></b></font></p>
<p style="text-align: justify; line-height: 1.1; margin: 0in 0in 0.0001pt; font-size: 11pt; font-family: Tahoma, sans-serif; letter-spacing: 0.8pt;"><font style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;">&nbsp;</font></p>
<p style="text-align: justify;line-height: 1.1;margin: 0in 0in 0.0001pt;font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><b style="mso-bidi-font-weight: normal;"><font style="line-height: inherit;">Date, Time and Location:</font></b></font></p>
<p style="text-align: justify;line-height: 1.1;margin: 0in 0in 0.0001pt;font-size: 11pt;"><font style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;">August 12, 2020, at 2:30 p.m., at the Company&#8217;s headquarters, located at Av. Brigadeiro Lu&#237;s Ant&#244;nio, n<sup>r</sup> 1343, 9<sup>th</sup> floor, in the City and State of S&#227;o Paulo, also contemplating participation through Microsoft Teams.</font></p>
<p style="text-align: justify; line-height: 1.1; margin: 0px; font-size: 11pt; font-family: Tahoma, sans-serif; letter-spacing: 0.8pt; text-indent: 0px;"><font style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;">&nbsp;</font></p>
<p style="text-align: justify; line-height: 1.1; margin: 0in 0in 0.0001pt; font-size: 11pt; font-family: Tahoma, sans-serif; letter-spacing: 0.8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><b style="mso-bidi-font-weight: normal;"><font style="line-height: inherit;">Attendance:</font></b></font></p>
<p style="margin: 0in 0in 0.0001pt; text-align: justify; line-height: 1.1; font-size: 11pt; font-family: Tahoma, sans-serif;"><font style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;">(i) Members of the Board of Directors undersigned; (ii) Secretary of the Board of Directors, Mr. Andr&#233; Brickmann Areno; (iii) Chief Executive Officer, Mr. Frederico Pinheiro Fleury Curado; (iv) Chief Financial and Investor Relations Officer, Mr. Andr&#233; Pires de Oliveira Dias; (v) other executive officers of the Company, Mrs. D&#233;cio de Sampaio Amaral, Jo&#227;o Benjamin Parolin, Marcelo Pereira Malta de Ara&#250;jo, Rodrigo de Almeida Pizzinatto and Tabajara Bertelli Costa; and (vi) in relation to item 1 of the agenda, the coordinator of the Audit and Risks Committee, Mr. Fl&#225;vio Cesar Maia Luz and the president of the Fiscal Council, Mr. Geraldo Toffanello.<font style="line-height: inherit;">&nbsp; </font></font></p>
<p style="margin: 0in 0in 0.0001pt; text-align: justify; line-height: 1.1; font-size: 11pt; font-family: Tahoma, sans-serif; letter-spacing: 0.8pt;"><font style="font-size: 10pt;"><font style="line-height: inherit; font-family: 'times new roman', times;"><font style="line-height: inherit;">&nbsp;</font><font style="line-height: inherit;">&nbsp;</font></font><font style="font-family: 'times new roman', times; letter-spacing: 0.8pt; line-height: inherit;">&nbsp;</font></font></p>
<p style="margin: 0in 0in 0.0001pt; text-align: justify; line-height: 1.1; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: 1.1; text-align: justify; margin: 0in 0in 0.0001pt;"><font style="font-weight: bold; mso-bidi-font-weight: normal; font-family: 'times new roman', times; font-size: 10pt;"><b><font>Agenda and decisions</font></b></font><font lang="PT-BR" style="line-height: 1.1; text-align: justify; margin: 0in 0in 0.0001pt;"><font style="font-weight: bold; mso-bidi-font-weight: normal; font-family: 'times new roman', times; font-size: 10pt;">:</font></font></font></p>
<p style="margin: 0in 0in 0.0001pt; text-align: justify; line-height: 1.1; font-size: 11pt; font-family: Tahoma, sans-serif; letter-spacing: 0.8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font lang="PT-BR" style="line-height: inherit;"><br></font></font></p>
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<td style="width: 4.5516%; height: 17px;"><br></td>
<td style="width: 7.41349%; height: 17px; vertical-align: top;" valign="top"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: 1.06667px; orphans: 2; text-align: justify; text-indent: -48px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">1.</font></td>
<td style="width: 88.0348%; height: 17px;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; orphans: 2; text-align: justify; text-indent: -48px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">After having analyzed and discussed the performance of the Company in the second quarter of the current fiscal year, the respective financial statements were approved.</font><br></td>
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<td style="width: 4.5516%; height: 17px;"><br></td>
<td style="width: 7.41349%; height: 17px;"><br></td>
<td style="width: 88.0348%; height: 17px;"><br></td>
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<td style="width: 4.5516%; height: 85px;"><br></td>
<td style="width: 7.41349%; height: 85px; vertical-align: top;" valign="top"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: 1.06667px; orphans: 2; text-align: justify; text-indent: -48px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">2.</font></td>
<td style="width: 88.0348%; height: 85px;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; orphans: 2; text-align: justify; text-indent: -48px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">The members of the Board of Directors confirmed the issuance of 86,798 (eighty-six thousand, seven hundred ninety-eight) common shares within the limits of the authorized capital stock pursuant to Article 6 of the Company&#8217;s Bylaws, due to partial exercise of the subscription warrants issued by the Company as of the approval of the</font><font style="line-height: inherit;">&nbsp;<font>&nbsp;</font></font><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: 1.06667px; orphans: 2; text-align: justify; text-indent: -48px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">merger of shares issued by<font>&nbsp;</font></font>Imifarma<font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: 1.06667px; orphans: 2; text-align: justify; text-indent: -48px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;"><font>&nbsp;</font></font>Produtos<font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: 1.06667px; orphans: 2; text-align: justify; text-indent: -48px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;"><font>&nbsp;</font></font>Farmac&#234;uticos<font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: 1.06667px; orphans: 2; text-align: justify; text-indent: -48px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;"><font>&nbsp;</font>e<font>&nbsp;</font></font>Cosm&#233;ticos<font style="color: #000000;font-family: 'times new roman', times;font-size: 13.3333px;font-style: normal;font-variant-ligatures: normal;font-variant-caps: normal;font-weight: 400;orphans: 2;text-align: justify;text-indent: -48px;text-transform: none;white-space: normal;widows: 2;word-spacing: 0px;-webkit-text-stroke-width: 0px;text-decoration-style: initial;text-decoration-color: initial;float: none;display: inline !important;"><font>&nbsp;</font>S.A. by the Company, approved on the Extraordinary Shareholders&#8217; Meeting held in January 31, 2014. The management of the Company shall provide the necessary subscription bulletins for signing and formalization of the new shares&#8217; subscription by the referred subscription warrants holders. The common shares will have the same rights assigned to the other shares previously issued by the Company.</font></td>
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<td style="width: 4.5516%; height: 17px;"><br></td>
<td style="width: 7.41349%; height: 17px;"><br></td>
<td style="width: 88.0348%; height: 17px;"><br></td>
</tr>
<tr style="height: 17px;">
<td style="width: 4.5516%; height: 17px;"><br></td>
<td style="width: 7.41349%; height: 17px;"><br></td>
<td style="width: 88.0348%; height: 17px;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">The Company&#8217;s capital stock will be represented by 1,115,005,712 (one billion, one hundred and fifteen million, five thousand, seven hundred and twelve) common shares, all of them nominative with no par value.</font></td>
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</table>
<p style="margin: 0in 0in 0.0001pt 0.5in; text-align: justify; text-indent: -0.5in; line-height: 1.1; font-size: 11pt; font-family: Tahoma, sans-serif; letter-spacing: 0.8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><font style="line-height: inherit;"><font style="line-height: inherit;"><font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: inherit;">&nbsp; &nbsp; &nbsp;&nbsp;</font></font></font></font></p>
<p style="text-align: justify; line-height: 1.1; margin: 0in 0in 0.0001pt; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><b style="mso-bidi-font-weight: normal;">Observation</b>: The resolutions were approved, with no amendments or qualifications, by all the Board Members.</font></p>
<p style="text-align: justify; line-height: 1.1; margin: 0px; font-size: 11pt; font-family: Tahoma, sans-serif; letter-spacing: 0.8pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><br></font></p>
<p style="text-align: justify; line-height: 1.1; margin: 0in 0in 0.0001pt; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"></font><font style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;">As there were no further matters to be discussed, the meeting was closed, the minutes of this meeting were written, read and approved by all the undersigned members present.</font></p>
<p style="text-align: justify; line-height: 1.1; margin: 0in 0in 0.0001pt; font-size: 11pt; font-family: Tahoma, sans-serif; letter-spacing: 0.8pt;"><font style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;">&nbsp;</font></p>
<p style="text-align: justify; line-height: 1.1; margin: 0in 0in 0.0001pt; font-size: 11pt; font-family: Tahoma, sans-serif; letter-spacing: 0.8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><b><font style="line-height: inherit;">&nbsp;</font></b></font></p>
<p style="text-align: justify; line-height: 1.1; margin: 0in 0in 0.0001pt; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><b><font lang="PT-BR" style="line-height: inherit;">Pedro Wongtschowski </font></b><font lang="PT-BR" style="line-height: inherit;">&#8211; Chairman </font><font lang="PT-BR" style="line-height: inherit;"></font></font></p>
<p style="text-align: justify; line-height: 1.1; margin: 0in 0in 0.0001pt; font-size: 11pt;"><font lang="PT-BR" style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;">&nbsp;</font></p>
<p style="text-align: justify; line-height: 1.1; margin: 0in 0in 0.0001pt; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><b style="mso-bidi-font-weight: normal;"><font lang="PT-BR" style="line-height: inherit;">Lucio de Castro Andrade Filho </font></b><font lang="PT-BR" style="line-height: inherit;">&#8211; Vice-Chairman</font><b style="mso-bidi-font-weight: normal;"><font lang="PT-BR" style="line-height: inherit;"></font></b></font></p>
<p style="text-align: justify; line-height: 1.1; margin: 0in 0in 0.0001pt; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><b style="mso-bidi-font-weight: normal;"><font lang="PT-BR" style="line-height: inherit;">&nbsp;</font></b></font></p>
<p style="text-align: justify; line-height: 1.1; margin: 0in 0in 0.0001pt; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><b style="mso-bidi-font-weight: normal;"><font lang="PT-BR" style="line-height: inherit;">Alexandre Gon&#231;alves Silva</font></b></font></p>
<p style="text-align: justify; line-height: 1.1; margin: 0in 0in 0.0001pt; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><b style="mso-bidi-font-weight: normal;"><font lang="PT-BR" style="line-height: inherit;">&nbsp;</font></b></font></p>
<p style="text-align: justify; line-height: 1.1; margin: 0in 0in 0.0001pt; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><b style="mso-bidi-font-weight: normal;"><font lang="PT-BR" style="line-height: inherit;">Ana Paula Janes Vescovi</font></b></font></p>
<p style="text-align: justify; line-height: 1.1; margin: 0in 0in 0.0001pt; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><b style="mso-bidi-font-weight: normal;"><font lang="PT-BR" style="line-height: inherit;">&nbsp;</font></b></font></p>
<p style="text-align: justify; line-height: 1.1; margin: 0in 0in 0.0001pt; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><b style="mso-bidi-font-weight: normal;"><font lang="PT-BR" style="line-height: inherit;">Fl&#225;via Buarque de Almeida</font></b></font></p>
<p style="text-align: justify; line-height: 1.1; margin: 0in 0in 0.0001pt; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><b style="mso-bidi-font-weight: normal;"><font lang="PT-BR" style="line-height: inherit;">&nbsp;</font></b></font></p>
<p style="text-align: justify; line-height: 1.1; margin: 0in 0in 0.0001pt; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><b style="mso-bidi-font-weight: normal;"><font lang="PT-BR" style="line-height: inherit;">Joaquim Pedro de Mello</font></b></font></p>
<p style="text-align: justify; line-height: 1.1; margin: 0in 0in 0.0001pt; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><b style="mso-bidi-font-weight: normal;"><font lang="PT-BR" style="line-height: inherit;">&nbsp;</font></b></font></p>
<p style="text-align: justify; line-height: 1.1; margin: 0in 0in 0.0001pt; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><b style="mso-bidi-font-weight: normal;"><font lang="PT-BR" style="line-height: inherit;">Jorge Marques de Toledo Camargo</font></b></font></p>
<p style="text-align: justify; line-height: 1.1; margin: 0in 0in 0.0001pt; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><b style="mso-bidi-font-weight: normal;"><font lang="PT-BR" style="line-height: inherit;">&nbsp;</font></b></font></p>
<p style="text-align: justify; line-height: 1.1; margin: 0in 0in 0.0001pt; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><b style="mso-bidi-font-weight: normal;"><font lang="PT-BR" style="line-height: inherit;">Jos&#233; Gall&#243;</font></b></font></p>
<p style="text-align: justify; line-height: 1.1; margin: 0in 0in 0.0001pt; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><b style="mso-bidi-font-weight: normal;"><font lang="PT-BR" style="line-height: inherit;">&nbsp;</font></b></font></p>
<p style="text-align: justify; line-height: 1.1; margin: 0in 0in 0.0001pt; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><b style="mso-bidi-font-weight: normal;"><font lang="PT-BR" style="line-height: inherit;">Jos&#233; Maur&#237;cio Pereira Coelho</font></b></font></p>
<p style="text-align: justify; line-height: 1.1; margin: 0in 0in 0.0001pt; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><b style="mso-bidi-font-weight: normal;"><font lang="PT-BR" style="line-height: inherit;">&nbsp;</font></b></font></p>
<p style="text-align: justify; line-height: 1.1; margin: 0in 0in 0.0001pt; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><b style="mso-bidi-font-weight: normal;"><font lang="PT-BR" style="line-height: inherit;">Nildemar Secches</font></b></font></p>
<p style="text-align: justify; line-height: 1.1; margin: 0in 0in 0.0001pt; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><b style="mso-bidi-font-weight: normal;"><font lang="PT-BR" style="line-height: inherit;">&nbsp;</font></b></font></p>
<p style="text-align: justify; line-height: 1.1; margin: 0in 0in 0.0001pt; font-size: 11pt;"><font style="font-family: arial, helvetica, sans-serif; font-size: 10pt; line-height: inherit;"><font style="font-family: 'times new roman', times; line-height: inherit;"><b style="mso-bidi-font-weight: normal;"><font lang="PT-BR" style="line-height: inherit;">Andr&#233;&nbsp;</font></b></font></font><font style="font-family: arial, helvetica, sans-serif; font-size: 10pt; line-height: inherit;"><font style="font-family: 'times new roman', times; line-height: inherit;"><b style="mso-bidi-font-weight: normal;"></b></font></font><font style="font-family: arial, helvetica, sans-serif; font-size: 9pt; line-height: inherit;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><b style="mso-bidi-font-weight: normal;"><font lang="PT-BR" style="line-height: inherit;">Brickmann Areno &#8211; </font></b><b style="mso-bidi-font-weight: normal;"><font style="line-height: inherit;">Secretary</font></b></font><b style="mso-bidi-font-weight: normal;"><font lang="PT-BR" style="line-height: inherit;"></font></b></font></p>
<br></div>
<div style="font-family: 'times new roman', times; font-size: 10pt;">
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>149</font></font></td>
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</table>
<hr style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<br></div><div style="font-family: 'times new roman', times; font-size: 10pt;">
<p><br></p>
<p align="center" style="text-align: center; margin: 0in 0in 0.0001pt; font-size: 11pt; font-family: Tahoma, sans-serif; letter-spacing: 0.8pt;"><img src="imgvsg0fryiy0305523320.jpg" alt="Graphics"></p>
<p style="margin: 0in 0in 0.0001pt 128pt; font-size: 11pt; font-family: Tahoma, sans-serif; letter-spacing: 0.8pt;"><b style="mso-bidi-font-weight: normal;"><font lang="PT-BR" style="mso-bidi-font-size: 11.0pt; mso-fareast-font-family: Tahoma;">&nbsp;</font></b></p>
<p align="center" style="text-align: center;margin: 0in 0in 0.0001pt;font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b style="mso-bidi-font-weight: normal;">ULTRAPAR PARTICIPA&#199;&#213;ES S.A.</b></font></p>
<p style="line-height: 13.05pt; margin: 0in 0in 0.0001pt; font-size: 11pt; font-family: Tahoma, sans-serif; letter-spacing: 0.8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p align="center" style="text-align: center;margin: 0in 0in 0.0001pt;font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b style="mso-bidi-font-weight: normal;">NOTICE TO SHAREHOLDERS</b></font></p>
<p style="margin: 0in 0in 0.0001pt; font-size: 11pt; font-family: Tahoma, sans-serif; letter-spacing: 0.8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p align="center" style="text-align: center;margin: 0in 0in 0.0001pt;font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b>Issuance of common shares and postponement of dividends payment</b></font></p>
<p style="text-align: justify; line-height: 1.1; margin: 0in 0in 0.0001pt; font-size: 11pt; font-family: Tahoma, sans-serif; letter-spacing: 0.8pt;"><font style="line-height: inherit; font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="text-align: justify; line-height: 1.1; margin: 0pt 0pt 10pt; font-size: 11pt; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><b><font style="line-height: inherit;">S&#227;o Paulo, August 12, 2020</font></b><font style="line-height: inherit;"> &#8211; Ultrapar Participa&#231;&#245;es S.A. (B3: UGPA3 / NYSE: UGP, &#8220;Company&#8221;) informs that the Board of Directors, at a meeting held on this date, confirmed the issuance of 86,978 shares, within limits of the authorized capital stock pursuant to Article 6 of the Company's Bylaws, referring to the partial exercise of the rights conferred by the subscription warrants issued by the Company as of the approval of the merger of Extrafarma shares, approved on the Extraordinary Shareholders&#8217; Meeting held on January 31, 2014.<font style="background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; line-height: inherit;"></font></font></font></p>
<p style="text-align: justify; line-height: 1.1; margin: 0pt 0pt 10pt; font-size: 11pt; text-indent: 0pt;"><font style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;">The Company&#8217;s capital stock, whose total amount in Reais remains unchanged and until this date was represented by 1,114,918,734 common shares, will be represented by 1,115,005,712 common shares. The new common shares will have the same rights assigned to the other shares previously issued by the Company.<font style="background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; line-height: inherit;"></font></font></p>
<p style="text-align: justify; line-height: 1.1; margin: 0pt 0pt 10pt; font-size: 11pt; text-indent: 0pt;"><font style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;">Additionally, in order to preserve the Company's cash, in a scenario of uncertainties due to the COVID-19 pandemic, the Board of Directors decided not to distribute interim dividends for the current year. The minimum mandatory dividends for the current year shall be paid after the disclosure of the annual results.</font></p>
<p style="text-align: justify; line-height: 150%; margin: 0in 0in 0.0001pt; font-size: 11pt; font-family: Tahoma, sans-serif; letter-spacing: 0.8pt;"><font style="line-height: 150%; font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p align="center" style="line-height: 1.1; margin: 0in 0in 0.0001pt; font-size: 11pt; text-align: center;"><font lang="PT-BR" style="font-size: 10pt; line-height: 150%; font-family: 'times new roman', times;">Andr&#233; Pires de Oliveira Dias</font></p>
<p align="center" style="line-height: 1.1; margin: 0in 0in 0.0001pt; font-size: 11pt; text-align: center;"><font lang="PT-BR" style="line-height: 150%; font-family: 'times new roman', times; font-size: 10pt;">Chief Financial and Investor Relations Officer</font></p>
<p align="center" style="line-height: 1.1; margin: 0in 0in 0.0001pt; font-size: 11pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b style="mso-bidi-font-weight: normal;"><font lang="PT-BR" style="line-height: 150%;">ULTRAPAR PARTICIPA&#199;&#213;ES S.A.</font></b></font></p>
<p align="center" style="text-align: center; line-height: 150%; margin: 0in 0in 0.0001pt; font-size: 11pt; font-family: Tahoma, sans-serif; letter-spacing: 0.8pt;"><b style="mso-bidi-font-weight: normal;"><font lang="PT-BR" style="mso-bidi-font-size: 11.0pt; line-height: 150%; font-family: 'Open Sans','sans-serif';"><br></font></b></p>
<p align="center" style="text-align: center; line-height: 150%; margin: 0in 0in 0.0001pt; font-size: 11pt; font-family: Tahoma, sans-serif; letter-spacing: 0.8pt;"><b style="mso-bidi-font-weight: normal;"><font lang="PT-BR" style="mso-bidi-font-size: 11.0pt; line-height: 150%; font-family: 'Open Sans','sans-serif';"><br></font></b></p>
<div>
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<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>150</font></font></td>
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</table>
<hr style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<br></div><div style="font-family: 'times new roman', times; font-size: 10pt;">
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<div style="width: 8.5in; margin: 0 auto;">
<p style="/* margin: 0cm 0cm 10pt; */line-height: 115%; font-size: 11pt; font-family: Calibri, sans-serif;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><b><font lang="EN-US" style="line-height: 115%;"><br></font></b></font></p>
<p style="margin: 0cm 0cm 10pt; line-height: 115%; font-size: 11pt; font-family: Calibri, sans-serif;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><b><font lang="EN-US" style="line-height: 115%;">SIGNATURES</font></b></font></p>
<p style="text-align: justify; margin: 0cm 0cm 10pt; line-height: 115%; font-size: 11pt; font-family: Calibri, sans-serif;"><font lang="EN-US" style="font-size: 10pt; line-height: 115%; font-family: 'times new roman', times;">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.</font></p>
<p style="text-align: justify; margin: 0cm 0cm 10pt; line-height: 115%; font-size: 11pt; font-family: Calibri, sans-serif;"><font lang="EN-US" style="font-size: 10pt; line-height: 115%; font-family: 'times new roman', times;">Date: August 12, 2020<font style="mso-tab-count: 4;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font></p>
<p style="margin: 0cm 0cm 10pt 70.8pt; text-indent: 35.4pt; line-height: 115%; font-size: 11pt; font-family: Calibri, sans-serif;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><b><font lang="EN-US" style="line-height: 115%;">ULTRAPAR HOLDINGS INC.</font></b></font></p>
<table style="width: 65%; margin-left: auto; margin-right: auto; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td style="width: 5%;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: -webkit-left; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">By</font></td>
<td style="width: 5%;"><br></td>
<td style="border-bottom: 1pt solid #000000; width: 90%;"><font style="font-size: 10pt;"><font style="color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: -webkit-left; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">/s/ Andre&nbsp;</font>Pires<font style="color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: -webkit-left; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">&nbsp;de&nbsp;</font>Oliveira<font style="color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: -webkit-left; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">&nbsp;Dias</font></font></td>
</tr>
<tr>
<td><font style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: -webkit-left; text-indent: 47.2px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Name:</font></td>
<td><br></td>
<td><font style="font-size: 10pt;"><font style="color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: -webkit-left; text-indent: 47.2px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Andre&nbsp;</font>Pires<font style="color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: -webkit-left; text-indent: 47.2px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">&nbsp;de&nbsp;</font>Oliveira<font style="color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: -webkit-left; text-indent: 47.2px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">&nbsp;Dias</font></font></td>
</tr>
<tr>
<td><font style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: -webkit-left; text-indent: 47.2px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Title:</font></td>
<td><br></td>
<td><font style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: -webkit-left; text-indent: 47.2px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Chief Financial and Investor Relations Officer</font></td>
</tr>

</table>
<p style="margin: 0cm 0cm 10pt 70.8pt; text-indent: 35.4pt; line-height: 115%; font-size: 11pt; font-family: Calibri, sans-serif;"><br></p>
<p style="margin: 0cm 0cm 10pt; line-height: 115%; font-size: 11pt; font-family: Calibri, sans-serif;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><i><font lang="EN-US" style="line-height: 115%;">(Parent and Consolidated Interim Financial Information as of and the Three-month period Ended June 30, 2020 and Report on Review of Interim Financial Information, 2Q20 Earnings Release, Board of Directors minutes and Notice to shareholders)</font></i></font></p>
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